Eafe Fund Correlations

Mutual Funds . USA . 
Fund . The Eafe Fund
BGEKX Fund  USD 13.85  0.03  0.22%   
The current 90-days correlation between Eafe Fund and The Long Term is 0.81 (i.e., Very poor diversification). The correlation of Eafe Fund 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 Fund Correlation With Market

Weak diversification

The correlation between The Eafe Fund and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Eafe Fund 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 Fund. 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 Eafe Mutual Fund

  0.68BSGLX Long TermPairCorr
  0.95BTLSX Baillie Gifford IntePairCorr
  0.95BTLKX Baillie Gifford IntePairCorr
  0.76BCANX Baillie Gifford ChinaPairCorr
  0.76BCAKX Baillie Gifford ChinaPairCorr
  0.86BGAKX Global AlphaPairCorr
  0.86BGALX Baillie Gifford GlobalPairCorr
  0.86BGASX Global AlphaPairCorr
  0.86BGATX Baillie Gifford GlobalPairCorr
  0.86BGCDX Baillie Gifford China Potential GrowthPairCorr
  0.86BGCBX Baillie Gifford China Potential GrowthPairCorr
  0.99BGEUX Baillie Gifford EafePairCorr
  1.0BGEVX Baillie Gifford EafePairCorr
  0.99BGESX Eafe FundPairCorr
  0.99BGETX Baillie Gifford EafePairCorr
  0.88BGEPX Baillie Gifford EmergingPairCorr
  0.88BGELX Emerging MarketsPairCorr
  0.88BGEGX Baillie Gifford EmergingPairCorr
  0.88BGEHX Baillie Gifford EmergingPairCorr
  1.0BGEFX Baillie Gifford EafePairCorr
  0.88BGEDX Baillie Gifford EmergingPairCorr
  0.73BGIUX Baillie Gifford IntePairCorr
  0.74BGIVX Baillie Gifford IntePairCorr
  0.73BGITX Baillie Gifford IntePairCorr
  0.72BGIKX The International EquityPairCorr
  0.73BGIFX Baillie Gifford IntePairCorr
  0.88BGKEX Emerging MarketsPairCorr
  0.68BGLTX Baillie GiffordPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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