Baillie Gifford Correlations

BGHDX Fund

USD 5.73 0.00 0.00%

The current 90-days correlation between Baillie Gifford Health and Inflation Protected Bond Fund is -0.02 (i.e., Good 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

Good diversification

The correlation between Baillie Gifford Health and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baillie Gifford Health 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 Health. 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 unemployment.

Moving together with Baillie Mutual Fund

0.69	BSGPX	Eafe Pure	Pair Corr
0.61	BGCSX	Eafe Choice	Pair Corr
0.63	BGELX	Emerging Markets	Pair Corr
0.63	BGEGX	Baillie Gifford Emerging	Pair Corr
0.63	BGEHX	Baillie Gifford Emerging	Pair Corr
0.63	BGEDX	Baillie Gifford Emerging	Pair Corr
1.0	BGHBX	Baillie Gifford Health	Pair Corr
0.66	BGPKX	Eafe Pure	Pair Corr
0.66	BGPFX	Baillie Gifford Eafe	Pair Corr
0.66	BGPTX	Baillie Gifford Eafe	Pair Corr

Moving against Baillie Mutual Fund

0.45	BGLKX	Long Term	Pair Corr
0.31	BGUKX	Baillie Gifford Discovery	Pair Corr
0.31	BGUIX	Baillie Gifford Discovery	Pair Corr

Related Correlations Analysis

	IPBAX	AMFAX	ABNOX	APISX	ATACX	QMHIX	MFTFX
IPBAX		0.0	0.79	0.56	0.67	-0.2	0.09	IPBAX
AMFAX	0.0		-0.16	0.43	0.27	0.83	0.91	AMFAX
ABNOX	0.79	-0.16		0.66	0.19	-0.42	-0.11	ABNOX
APISX	0.56	0.43	0.66		0.37	0.29	0.47	APISX
ATACX	0.67	0.27	0.19	0.37		0.28	0.39	ATACX
QMHIX	-0.2	0.83	-0.42	0.29	0.28		0.89	QMHIX
MFTFX	0.09	0.91	-0.11	0.47	0.39	0.89		MFTFX
	IPBAX	AMFAX	ABNOX	APISX	ATACX	QMHIX	MFTFX

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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

MFTFX	+ 0.91	AMFAX
MFTFX	+ 0.89	QMHIX
QMHIX	+ 0.83	AMFAX
ABNOX	+ 0.79	IPBAX
ATACX	+ 0.67	IPBAX
APISX	+ 0.66	ABNOX

High negative correlations

QMHIX	- 0.42	ABNOX
QMHIX	- 0.2	IPBAX
ABNOX	- 0.16	AMFAX
MFTFX	- 0.11	ABNOX
AMFAX	- 0.0	IPBAX

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
IPBAX	0.36	(0.02)	0.00	(0.15)	0.00	0.00	0.57	(0.68)	3.10
AMFAX	0.46	0.01	0.03	(0.83)	0.54	(0.52)	0.82	(0.92)	2.46
ABNOX	0.15	(0.02)	0.00	(0.49)	0.00	0.00	0.20	(0.30)	0.89
APISX	0.09	(0.01)	(0.01)	(0.23)	0.08	(0.15)	0.20	(0.19)	0.68
ATACX	1.01	0.01	0.01	0.02	1.20	(1.09)	2.16	(2.15)	10.18
QMHIX	0.58	0.10	0.11	(2.05)	0.76	(0.60)	1.30	(1.05)	3.92
MFTFX	0.96	0.06	0.04	(0.92)	1.36	(0.91)	1.70	(2.06)	5.15

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