Bridge Builder Correlations

Mutual Funds . USA . 
Fund . Bridge Builder Large
BBGLX Fund  USD 24.66  0.04  0.16%   
The current 90-days correlation between Bridge Builder Large and Great West Loomis Sayles is 0.27 (i.e., Modest diversification). The correlation of Bridge Builder 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Bridge Builder Correlation With Market

Poor diversification

The correlation between Bridge Builder Large and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bridge Builder Large and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bridge Builder Large. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Bridge Mutual Fund

  0.94BBGSX Bridge Builder SmallmidPairCorr
  0.84BBIEX Bridge Builder InterPairCorr
  0.7BBTSX Bridge Builder TrustPairCorr
  0.78BBTLX Bridge Builder TrustPairCorr
  0.7BBTIX Bridge Builder TaxPairCorr
  0.87BBVSX Bridge Builder SmallmidPairCorr
  0.91BBVLX Bridge Builder LargePairCorr
  0.95AGTHX Growth FundPairCorr
  0.94GFACX Growth FundPairCorr
  0.95GFAFX Growth FundPairCorr
  0.95FAFGX American FundsPairCorr
  0.95FFAFX American FundsPairCorr
  0.95CGFFX Growth FundPairCorr
  0.94CGFCX Growth FundPairCorr
  0.95CGFAX Growth FundPairCorr
  0.95CGFEX Growth FundPairCorr
  0.68GAAKX Gmo Alternative AlloPairCorr
  0.68GAAGX Gmo Alternative AlloPairCorr
  0.76GPMFX Guidepath Managed FuturesPairCorr
  0.74PQTAX Pimco Trends ManagedPairCorr
  0.74PQTNX Pimco Trends ManagedPairCorr
  0.74PQTIX Aa Pimco TrPairCorr
  0.77DTDRX Dimensional 2065 TargetPairCorr
  0.69INPFX American Funds IncomePairCorr
  0.88TRRBX Trowe Price RetirementPairCorr
  0.83ARSMX Amg River RoadPairCorr
  0.88GPSTX Guidepath Growth AllPairCorr
  0.77QLENX Aqr Long ShortPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Bridge Mutual Fund performing well and Bridge Builder Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Bridge Builder's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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