Baron Global Advantage Fund Market Value
| BGLUX Fund | USD 30.49 0.22 0.72% |
| Symbol | Baron |
Baron Global '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 Global'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 Global.
| 10/22/2023 |
| 04/19/2024 |
If you would invest 0.00 in Baron Global on October 22, 2023 and sell it all today you would earn a total of 0.00 from holding Baron Global Advantage or generate 0.0% return on investment in Baron Global over 180 days. Baron Global is related to or competes with Internet Ultrasector, Ridgeworth Innovative, Transamerica Capital, and Kinetics Market. The fund is a diversified fund that, under normal circumstances, invests primarily in equity securities in the form of c... More
Baron Global 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 Global'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 Global Advantage upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 6.55 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 2.49 |
Baron Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baron Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baron Global's standard deviation. In reality, there are many statistical measures that can use Baron Global historical prices to predict the future Baron Global's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baron Global'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 Global Advantage Backtested Returns
Baron Global Advantage secures Sharpe Ratio (or Efficiency) of -0.0562, which signifies that the fund had a -0.0562% return per unit of risk over the last 3 months. Baron Global Advantage exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Baron Global's Mean Deviation of 1.07, standard deviation of 1.4, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 1.48, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Baron Global will likely underperform.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Baron Global Advantage has insignificant reverse predictability. Overlapping area represents the amount of predictability between Baron Global time series from 22nd of October 2023 to 20th of January 2024 and 20th of January 2024 to 19th 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 Global Advantage price movement. The serial correlation of -0.16 indicates that over 16.0% of current Baron Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
Baron Global Advantage lagged returns against current returns
Autocorrelation, which is Baron Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Baron Global returns to help us make a trade decision. For example, suppose you find that Baron Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baron Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Baron Global Lagged Returns
When evaluating Baron Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baron Global mutual fund have on its future price. Baron Global 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 Global autocorrelation shows the relationship between Baron Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baron Global Advantage.
Regressed Prices |
| Timeline |
Pair Trading with Baron Global
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Baron Global 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 Global 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 Global - 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 Global Advantage to buy it.
The correlation of Baron Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baron Global Advantage 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 Global 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 Global Correlation, Baron Global Volatility and Baron Global Alpha and Beta module to complement your research on Baron Global. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Baron Global 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.