Baron Emerging Markets Fund Market Value
| BEXFX Fund | USD 14.21 0.09 0.64% |
| Symbol | Baron |
Baron Emerging 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Baron Emerging's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Baron Emerging.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Baron Emerging on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Baron Emerging Markets or generate 0.0% return on investment in Baron Emerging over 30 days. Baron Emerging is related to or competes with Heritage Fund, Real Estate, Global Growth, Utilities Fund, and International Growth. The fund normally invests 80 percent of its net assets in equity securities in the form of common stock of growth compan... More
Baron Emerging Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Baron Emerging's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Baron Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7452 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.39 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.21 |
Baron Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baron Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baron Emerging's standard deviation. In reality, there are many statistical measures that can use Baron Emerging historical prices to predict the future Baron Emerging's volatility.| Risk Adjusted Performance | 0.0653 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0826 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baron Emerging's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Baron Emerging Markets Backtested Returns
We consider Baron Emerging very steady. Baron Emerging Markets secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Baron Emerging Markets, which you can use to evaluate the volatility of the entity. Please confirm Baron Emerging's Downside Deviation of 0.7452, risk adjusted performance of 0.0653, and Mean Deviation of 0.5341 to double-check if the risk estimate we provide is consistent with the expected return of 0.0803%. The fund shows a Beta (market volatility) of 0.75, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Baron Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Baron Emerging is expected to be smaller as well.
Auto-correlation | -0.24 |
Weak reverse predictability
Baron Emerging Markets has weak reverse predictability. Overlapping area represents the amount of predictability between Baron Emerging time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Baron Emerging Markets price movement. The serial correlation of -0.24 indicates that over 24.0% of current Baron Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Baron Emerging Markets lagged returns against current returns
Autocorrelation, which is Baron Emerging mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Baron Emerging's mutual fund expected returns. We can calculate the autocorrelation of Baron Emerging returns to help us make a trade decision. For example, suppose you find that Baron Emerging has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Baron Emerging regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Baron Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baron Emerging mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baron Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Baron Emerging Lagged Returns
When evaluating Baron Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baron Emerging mutual fund have on its future price. Baron Emerging autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Baron Emerging autocorrelation shows the relationship between Baron Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baron Emerging Markets.
Regressed Prices |
| Timeline |
Pair Trading with Baron Emerging
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Baron Emerging position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Baron Emerging will appreciate offsetting losses from the drop in the long position's value.Moving together with Baron Mutual Fund
| 0.83 | BREIX | Baron Real Estate | PairCorr |
| 0.82 | BREFX | Baron Real Estate | PairCorr |
| 0.88 | BSCFX | Baron Small Cap | PairCorr |
| 0.71 | BARAX | Baron Asset Fund | PairCorr |
The ability to find closely correlated positions to Baron Emerging could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baron Emerging when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Baron Emerging - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Baron Emerging Markets to buy it.
The correlation of Baron Emerging is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Baron Emerging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baron Emerging Markets moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Baron Emerging can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Baron Emerging Correlation, Baron Emerging Volatility and Baron Emerging Alpha and Beta module to complement your research on Baron Emerging. Note that the Baron Emerging Markets information on this page should be used as a complementary analysis to other Baron Emerging's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Baron Emerging technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.