Baillie Gifford Correlations

BCAKX Fund

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The current 90-days correlation between Baillie Gifford China and The Eafe Pure is 0.2 (i.e., Modest diversification). The correlation of Baillie Gifford 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.

Baillie Gifford Correlation With Market

Good diversification

The correlation between Baillie Gifford China and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baillie Gifford China 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 Baillie Gifford China. 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 industry.

Moving together with Baillie Mutual Fund

0.83	BSGLX	Long Term	Pair Corr
0.86	BTLSX	Baillie Gifford Inte	Pair Corr
0.85	BTLKX	Baillie Gifford Inte	Pair Corr
1.0	BCANX	Baillie Gifford China	Pair Corr
0.74	BGAKX	Global Alpha	Pair Corr
0.74	BGALX	Baillie Gifford Global	Pair Corr
0.74	BGASX	Global Alpha	Pair Corr
0.74	BGATX	Baillie Gifford Global	Pair Corr
0.96	BGCDX	Baillie Gifford China Potential Growth	Pair Corr
0.96	BGCBX	Baillie Gifford China Potential Growth	Pair Corr
0.75	BGEUX	Baillie Gifford Eafe	Pair Corr
0.76	BGEVX	Baillie Gifford Eafe	Pair Corr
0.76	BGESX	Eafe Fund	Pair Corr
0.75	BGETX	Baillie Gifford Eafe	Pair Corr
0.76	BGEKX	Eafe Fund	Pair Corr
0.76	BGEFX	Baillie Gifford Eafe	Pair Corr
0.65	BGGSX	Equity Growth	Pair Corr
0.65	BGGKX	Equity Growth	Pair Corr
0.83	BGLTX	Baillie Gifford	Pair Corr
0.83	BGLKX	Long Term	Pair Corr

Moving against Baillie Mutual Fund

0.43	BGHDX	Baillie Gifford Health	Pair Corr
0.43	BGHBX	Baillie Gifford Health	Pair Corr

Related Correlations Analysis

	BSGPX	BSGLX	BTLSX	BTLKX	BGALX	BGASX	BGATX	BGCWX	BGCJX
BSGPX		-0.23	0.31	0.31	0.18	0.18	0.18	0.99	0.99	BSGPX
BSGLX	-0.23		0.81	0.81	0.88	0.88	0.88	-0.18	-0.15	BSGLX
BTLSX	0.31	0.81		1.0	0.89	0.89	0.89	0.37	0.39	BTLSX
BTLKX	0.31	0.81	1.0		0.89	0.89	0.89	0.37	0.39	BTLKX
BGALX	0.18	0.88	0.89	0.89		1.0	1.0	0.23	0.25	BGALX
BGASX	0.18	0.88	0.89	0.89	1.0		1.0	0.24	0.26	BGASX
BGATX	0.18	0.88	0.89	0.89	1.0	1.0		0.23	0.26	BGATX
BGCWX	0.99	-0.18	0.37	0.37	0.23	0.24	0.23		1.0	BGCWX
BGCJX	0.99	-0.15	0.39	0.39	0.25	0.26	0.26	1.0		BGCJX
	BSGPX	BSGLX	BTLSX	BTLKX	BGALX	BGASX	BGATX	BGCWX	BGCJX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BTLKX	+ 1.0	BTLSX
BGASX	+ 1.0	BGALX
BGATX	+ 1.0	BGALX
BGATX	+ 1.0	BGASX
BGCJX	+ 1.0	BGCWX
BGCWX	+ 0.99	BSGPX

High negative correlations

BSGLX	- 0.23	BSGPX
BGCWX	- 0.18	BSGLX
BGCJX	- 0.15	BSGLX

Risk-Adjusted Indicators

There is a big difference between Baillie Mutual Fund performing well and Baillie Gifford 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 Baillie Gifford'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BSGPX	0.79	(0.15)	0.00	(0.11)	0.00	0.00	1.52	(1.72)	5.71
BSGLX	0.92	0.08	0.04	0.23	1.11	(0.96)	2.32	(2.22)	5.65
BTLSX	0.86	(0.03)	(0.04)	0.09	1.16	(1.02)	2.25	(1.79)	7.11
BTLKX	0.87	(0.03)	(0.04)	0.08	1.17	(1.03)	2.08	(1.89)	7.24
BGALX	0.64	(0.03)	(0.08)	0.08	0.80	(0.69)	1.37	(1.54)	4.20
BGASX	0.65	(0.03)	(0.08)	0.08	0.81	(0.69)	1.36	(1.55)	4.25
BGATX	0.64	(0.03)	(0.08)	0.08	0.80	(0.69)	1.36	(1.59)	4.17
BGCWX	0.72	(0.12)	0.00	(0.12)	0.00	0.00	1.22	(1.33)	5.37
BGCJX	0.76	(0.13)	0.00	(0.10)	0.00	0.00	1.38	(1.74)	5.31

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