Baillie Gifford Correlations

Mutual Funds USA . 
Fund . Baillie Gifford Eafe
BGETX Fund  USD 13.88  0.03  0.22%   
The current 90-days correlation between Baillie Gifford Eafe and The Long Term is 0.86 (i.e., Very poor 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

Very weak diversification

The correlation between Baillie Gifford Eafe and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baillie Gifford Eafe 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 Eafe. 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 estimate.

Moving together with Baillie Mutual Fund

  0.69BSGLX Long TermPairCorr
  0.96BTLSX Baillie Gifford IntePairCorr
  0.96BTLKX Baillie Gifford IntePairCorr
  0.75BCANX Baillie Gifford ChinaPairCorr
  0.75BCAKX Baillie Gifford ChinaPairCorr
  0.86BGAKX Global AlphaPairCorr
  0.86BGALX Baillie Gifford GlobalPairCorr
  0.86BGASX Global AlphaPairCorr
  0.86BGATX Baillie Gifford GlobalPairCorr
  0.85BGCDX Baillie Gifford China Potential GrowthPairCorr
  0.85BGCBX Baillie Gifford China Potential GrowthPairCorr
  1.0BGEUX Baillie Gifford EafePairCorr
  0.99BGEVX Baillie Gifford EafePairCorr
  1.0BGESX Eafe FundPairCorr
  0.87BGEPX Baillie Gifford EmergingPairCorr
  0.99BGEKX Eafe FundPairCorr
  0.87BGELX Emerging MarketsPairCorr
  0.87BGEGX Baillie Gifford EmergingPairCorr
  0.87BGEHX Baillie Gifford EmergingPairCorr
  0.99BGEFX Baillie Gifford EafePairCorr
  0.87BGEDX Baillie Gifford EmergingPairCorr
  0.73BGIUX Baillie Gifford IntePairCorr
  0.73BGIVX Baillie Gifford IntePairCorr
  0.73BGITX Baillie Gifford IntePairCorr
  0.71BGIKX The International EquityPairCorr
  0.73BGIFX Baillie Gifford IntePairCorr
  0.87BGKEX Emerging MarketsPairCorr
  0.69BGLTX Baillie GiffordPairCorr
  0.69BGLKX Long TermPairCorr

Related Correlations Analysis

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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.

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