Bridge Builder Correlations

Mutual Funds . USA . 
Fund . Bridge Builder Smallmid
BBGSX Fund  USD 16.84  0.09  0.53%   
The current 90-days correlation between Bridge Builder Smallmid and Tekla Healthcare Investors is 0.06 (i.e., Significant 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 0.66 (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 state.

Moving together with Bridge Mutual Fund

  0.79BBCPX Bridge Builder EPairCorr
  0.72BBGLX Bridge Builder LargePairCorr
  0.71BBIEX Bridge Builder InterPairCorr
  0.72BBMHX Bridge Builder TrustPairCorr
  0.76BBTBX Bridge Builder EPairCorr
  0.91BBTSX Bridge Builder TrustPairCorr
  0.72BBTLX Bridge Builder TrustPairCorr
  0.69BBVSX Bridge Builder SmallmidPairCorr
  0.66BBVLX Bridge Builder LargePairCorr
  0.67PAMCX T Rowe PricePairCorr
  0.66RRMGX T Rowe PricePairCorr
  0.69TRQZX T Rowe PricePairCorr
  0.69RPMGX T Rowe PricePairCorr
  0.76PRJIX T Rowe PricePairCorr
  0.73PRNHX T Rowe PricePairCorr
  0.76TRUZX T Rowe PricePairCorr
  0.81PCBIX Midcap Fund InstitutionalPairCorr
  0.8PEMGX Midcap Fund ClassPairCorr
  0.78PMBCX Midcap Fund ClassPairCorr
  0.89VSTSX Vanguard Total StockPairCorr
  0.89VSMPX Vanguard Total StockPairCorr
  0.89VITSX Vanguard Total StockPairCorr
  0.82VFFSX Vanguard 500 IndexPairCorr
  0.82VFIAX Vanguard 500 IndexPairCorr
  0.66VTISX Vanguard Total InterPairCorr
  0.66VTSNX Vanguard Total InterPairCorr
  0.66VTPSX Vanguard Total InterPairCorr
  0.87VINIX Vanguard InstitutionalPairCorr
  0.89VTSAX Vanguard Total StockPairCorr
  0.77VMVLX Vanguard Mega CapPairCorr
  0.79MXAYX Great West LifetimePairCorr
  0.93RSCYX Victory Rs SmallPairCorr

Moving against Bridge Mutual Fund

  0.4BTCRX Vest Bitcoin Strategy Steady GrowthPairCorr

Related Correlations Analysis

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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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