Bridge Builder Correlations

Mutual Funds . USA . 
Fund . Bridge Builder Smallmid
BBGSX Fund  USD 16.66  0.18  1.09%   
The current 90-days correlation between Bridge Builder Smallmid and Financials Ultrasector Profund is -0.05 (i.e., Good 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 Smallmid and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bridge Builder Smallmid 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 Smallmid. 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 main economic indicators.

Moving together with Bridge Mutual Fund

  0.82BBGLX Bridge Builder LargePairCorr
  0.82BBIEX Bridge Builder InterPairCorr
  0.63BBMUX Bridge Builder MunicipalPairCorr
  0.61BBMHX Bridge Builder TrustPairCorr
  0.73BBTSX Bridge Builder TrustPairCorr
  0.74BBTLX Bridge Builder TrustPairCorr
  0.75BBTIX Bridge Builder TaxPairCorr
  0.81BBVSX Bridge Builder SmallmidPairCorr
  0.82BBVLX Bridge Builder LargePairCorr
  0.73PAMCX T Rowe PricePairCorr
  0.71RRMGX T Rowe PricePairCorr
  0.87TRQZX T Rowe PricePairCorr
  0.69PEMGX Midcap Fund ClassPairCorr
  0.69PMBCX Midcap Fund ClassPairCorr
  0.71PRJIX T Rowe PricePairCorr
  0.9TRUZX T Rowe PricePairCorr
  0.72RPMGX T Rowe PricePairCorr
  0.62JAENX Janus EnterprisePairCorr
  0.84SMPIX Semiconductor UltrasectorPairCorr
  0.84SMPSX Semiconductor UltrasectorPairCorr
  0.71PMPSX Precious Metals Ultr Steady GrowthPairCorr
  0.71PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.81UJPIX Ultrajapan ProfundPairCorr
  0.7EKWYX Wells Fargo Advantage Steady GrowthPairCorr
  0.73FRGOX Franklin Gold PreciousPairCorr
  0.7EKWAX Wells Fargo Advantage Steady GrowthPairCorr
  0.7INIVX International Investors Steady GrowthPairCorr
  0.84QDISX Fisher InvestmentsPairCorr
  0.65MRVSX Victory Integrity SmallPairCorr
  0.69IVKAX Vy Invesco StockPairCorr
  0.65MWCPX Metropolitan WestPairCorr
  0.74FICKX Fa Strategic IncomePairCorr
  0.68FKUTX Franklin Utilities Steady GrowthPairCorr
  0.7RYTRX Royce Total ReturnPairCorr

Moving against Bridge Mutual Fund

  0.7UJPSX Ultrajapan ProfundPairCorr

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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