Global Alpha Correlations

Mutual Funds . USA . 
Fund . The Global Alpha
BGASX Fund  USD 12.88  0.20  1.53%   
The current 90-days correlation between Global Alpha and Global Gold Fund is 0.45 (i.e., Very weak diversification). The correlation of Global Alpha 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.

Global Alpha Correlation With Market

Poor diversification

The correlation between The Global Alpha and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Global Alpha 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 The Global Alpha. 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 Global Mutual Fund

  0.87BTLSX Baillie Gifford IntePairCorr
  0.87BTLKX Baillie Gifford IntePairCorr
  1.0BGAKX Global AlphaPairCorr
  1.0BGATX Baillie Gifford GlobalPairCorr
  0.82BGCDX Baillie Gifford ChinaPairCorr
  0.82BGCBX Baillie Gifford ChinaPairCorr
  0.61BGEWX Baillie Gifford EmergingPairCorr
  0.94BGEVX Baillie Gifford EafePairCorr
  0.84BGESX Eafe FundPairCorr
  0.94BGETX Baillie Gifford EafePairCorr
  0.94BGEKX Eafe FundPairCorr
  0.63BGELX Emerging MarketsPairCorr
  0.63BGEGX Baillie Gifford EmergingPairCorr
  0.63BGEHX Baillie Gifford EmergingPairCorr
  0.94BGEFX Baillie Gifford EafePairCorr
  0.63BGEDX Baillie Gifford EmergingPairCorr
  0.83BGIUX Baillie Gifford IntePairCorr
  0.83BGIVX Baillie Gifford IntePairCorr
  0.77BGITX Baillie Gifford IntePairCorr
  0.84BGIKX The International EquityPairCorr
  0.84BGIFX Baillie Gifford IntePairCorr
  0.63BGKEX Emerging MarketsPairCorr
  0.84BINSX The International EquityPairCorr

Moving against Global Mutual Fund

  0.53BSGPX Eafe PurePairCorr
  0.53BGCWX Baillie Gifford EafePairCorr
  0.48BGCSX Eafe ChoicePairCorr
  0.53BGPKX Eafe PurePairCorr
  0.48BKGCX Eafe ChoicePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Alpha 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 Global Alpha'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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