Eafe Choice Correlations

BGCSX Fund

USD 15.09 0.06 0.40%

The current 90-days correlation between Eafe Choice and Aim Investment Secs is -0.09 (i.e., Good diversification). The correlation of Eafe Choice 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.

Eafe Choice Correlation With Market

Weak diversification

The correlation between The Eafe Choice and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Eafe Choice 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 Eafe Choice. 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 Eafe Mutual Fund

0.99	BSGPX	Eafe Pure	Pair Corr
1.0	BGCWX	Baillie Gifford Eafe	Pair Corr
0.99	BGCJX	Baillie Gifford Eafe	Pair Corr
0.86	BGEZX	Baillie Gifford Emerging	Pair Corr
0.86	BGEWX	Baillie Gifford Emerging	Pair Corr
0.8	BGEPX	Baillie Gifford Emerging	Pair Corr
0.8	BGELX	Emerging Markets	Pair Corr
0.8	BGEGX	Baillie Gifford Emerging	Pair Corr
0.8	BGEHX	Baillie Gifford Emerging	Pair Corr
0.8	BGEDX	Baillie Gifford Emerging	Pair Corr
0.69	BGHDX	Baillie Gifford Health	Pair Corr
0.69	BGHBX	Baillie Gifford Health	Pair Corr
0.96	BGIUX	Baillie Gifford Inte	Pair Corr
0.96	BGIVX	Baillie Gifford Inte	Pair Corr
0.96	BGITX	Baillie Gifford Inte	Pair Corr
0.97	BGIKX	The International Equity	Pair Corr
0.96	BGIFX	Baillie Gifford Inte	Pair Corr
0.8	BGKEX	Emerging Markets	Pair Corr
0.99	BGPKX	Eafe Pure	Pair Corr

Moving against Eafe Mutual Fund

0.48	BGGSX	Equity Growth	Pair Corr
0.48	BGGKX	Equity Growth	Pair Corr
0.44	BGUKX	Baillie Gifford Discovery	Pair Corr
0.43	BGUIX	Baillie Gifford Discovery	Pair Corr

Related Correlations Analysis

	GMRXX	FLPXX	PRRXX	JPAXX	AGQXX	STSEX	SMGXX	JHMXX
GMRXX		1.0	0.3	1.0	0.03	0.09	0.3	0.0	GMRXX
FLPXX	1.0		0.3	1.0	0.03	0.09	0.3	0.0	FLPXX
PRRXX	0.3	0.3		0.3	0.04	0.09	1.0	0.0	PRRXX
JPAXX	1.0	1.0	0.3		0.03	0.09	0.3	0.0	JPAXX
AGQXX	0.03	0.03	0.04	0.03		-0.36	0.04	0.0	AGQXX
STSEX	0.09	0.09	0.09	0.09	-0.36		0.09	0.0	STSEX
SMGXX	0.3	0.3	1.0	0.3	0.04	0.09		0.0	SMGXX
JHMXX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		JHMXX
	GMRXX	FLPXX	PRRXX	JPAXX	AGQXX	STSEX	SMGXX	JHMXX

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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

FLPXX	+ 1.0	GMRXX
JPAXX	+ 1.0	GMRXX
JPAXX	+ 1.0	FLPXX
SMGXX	+ 1.0	PRRXX
PRRXX	+ 0.3	GMRXX
SMGXX	+ 0.3	GMRXX

High negative correlations

STSEX	- 0.36	AGQXX
JHMXX	- 0.0	SMGXX
JHMXX	- 0.0	STSEX
JHMXX	- 0.0	AGQXX
JHMXX	- 0.0	JPAXX
JHMXX	- 0.0	PRRXX

Risk-Adjusted Indicators

There is a big difference between Eafe Mutual Fund performing well and Eafe Choice 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 Eafe Choice'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
GMRXX	0.03	0.01	0.00	(2.41)	0.00	0.00	0.00	0.00	1.01
FLPXX	0.03	0.01	0.00	(2.41)	0.00	0.00	0.00	0.00	1.01
PRRXX	0.03	0.00	0.00	0.47	0.00	0.00	0.00	0.00	1.01
JPAXX	0.03	0.01	0.00	(2.41)	0.00	0.00	0.00	0.00	1.01
AGQXX	2.32	(1.03)	0.00	3.37	0.00	0.00	0.68	(0.23)	78.35
STSEX	0.51	(0.05)	(0.11)	0.05	0.70	(0.53)	0.95	(1.10)	3.90
SMGXX	0.03	0.00	0.00	0.47	0.00	0.00	0.00	0.00	1.01
JHMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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