Baillie Gifford Correlations

BGEVX Fund

USD 14.14 0.03 0.21%

The current 90-days correlation between Baillie Gifford Eafe and Chase Growth Fund is 0.44 (i.e., Very weak 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

Weak diversification

The correlation between Baillie Gifford Eafe and DJI is 0.38 (i.e., 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 real.

Moving together with Baillie Mutual Fund

0.67	BSGLX	Long Term	Pair Corr
0.95	BTLSX	Baillie Gifford Inte	Pair Corr
0.95	BTLKX	Baillie Gifford Inte	Pair Corr
0.77	BCANX	Baillie Gifford China	Pair Corr
0.77	BCAKX	Baillie Gifford China	Pair Corr
0.86	BGAKX	Global Alpha	Pair Corr
0.85	BGALX	Baillie Gifford Global	Pair Corr
0.86	BGASX	Global Alpha	Pair Corr
0.86	BGATX	Baillie Gifford Global	Pair Corr
0.86	BGCBX	Baillie Gifford China	Pair Corr
0.99	BGEUX	Baillie Gifford Eafe	Pair Corr
0.99	BGESX	Eafe Fund	Pair Corr
0.99	BGETX	Baillie Gifford Eafe	Pair Corr
0.83	BGEPX	Baillie Gifford Emerging	Pair Corr
1.0	BGEKX	Eafe Fund	Pair Corr
0.83	BGELX	Emerging Markets	Pair Corr
0.83	BGEGX	Baillie Gifford Emerging	Pair Corr
0.83	BGEHX	Baillie Gifford Emerging	Pair Corr
1.0	BGEFX	Baillie Gifford Eafe	Pair Corr
0.83	BGEDX	Baillie Gifford Emerging	Pair Corr
0.69	BGIUX	Baillie Gifford Inte	Pair Corr
0.69	BGIVX	Baillie Gifford Inte	Pair Corr
0.69	BGITX	Baillie Gifford Inte	Pair Corr
0.68	BGIKX	The International Equity	Pair Corr
0.69	BGIFX	Baillie Gifford Inte	Pair Corr
0.83	BGKEX	Emerging Markets	Pair Corr
0.67	BGLTX	Baillie Gifford	Pair Corr
0.67	BGLKX	Long Term	Pair Corr

Related Correlations Analysis

	CHASX	PRNHX	QUAIX	GPSCX	PMDDX	CIPMX	TVOYX	APDSX
CHASX		0.95	0.97	0.91	0.95	0.93	0.94	0.93	CHASX
PRNHX	0.95		0.95	0.97	0.97	0.97	0.97	0.95	PRNHX
QUAIX	0.97	0.95		0.9	0.95	0.94	0.95	0.98	QUAIX
GPSCX	0.91	0.97	0.9		0.96	0.96	0.97	0.9	GPSCX
PMDDX	0.95	0.97	0.95	0.96		0.98	0.99	0.94	PMDDX
CIPMX	0.93	0.97	0.94	0.96	0.98		0.97	0.93	CIPMX
TVOYX	0.94	0.97	0.95	0.97	0.99	0.97		0.93	TVOYX
APDSX	0.93	0.95	0.98	0.9	0.94	0.93	0.93		APDSX
	CHASX	PRNHX	QUAIX	GPSCX	PMDDX	CIPMX	TVOYX	APDSX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CHASX	0.67	0.05	0.05	0.16	0.71	(0.76)	1.31	(1.44)	4.83
PRNHX	0.78	0.03	0.04	0.14	1.01	(0.82)	1.80	(1.29)	6.84
QUAIX	0.94	0.02	0.05	0.13	1.03	(1.00)	1.92	(2.14)	6.76
GPSCX	1.08	0.06	0.07	0.16	1.10	(1.21)	2.33	(1.84)	5.55
PMDDX	0.72	0.01	0.03	0.12	0.65	(0.86)	1.61	(1.31)	5.22
CIPMX	0.66	0.02	0.01	0.14	0.71	(0.70)	1.24	(1.23)	4.05
TVOYX	0.79	(0.01)	0.03	0.11	0.67	(0.96)	1.70	(1.42)	6.73
APDSX	0.96	0.01	0.03	0.13	1.14	(0.97)	2.03	(1.99)	5.77

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Baillie Gifford Correlations

Baillie Gifford Correlation With Market

Weak diversification

Moving together with Baillie Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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