International Equity Correlations

Mutual Funds . USA . 
Fund . The International Equity
BGIKX Fund  USD 13.64  0.05  0.37%   
The current 90-days correlation between The International Equity and Alpine High Yield is 0.07 (i.e., Significant diversification). The correlation of International Equity 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.

International Equity Correlation With Market

Weak diversification

The correlation between The International Equity and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The International Equity 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 International Equity. 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 International Mutual Fund

  0.95BSGPX Eafe PurePairCorr
  0.97BGCWX Baillie Gifford EafePairCorr
  0.97BGCSX Eafe ChoicePairCorr
  0.97BGCJX Baillie Gifford EafePairCorr
  0.89BGEZX Baillie Gifford EmergingPairCorr
  0.89BGEWX Baillie Gifford EmergingPairCorr
  0.67BGEUX Baillie Gifford EafePairCorr
  0.68BGEVX Baillie Gifford EafePairCorr
  0.66BGESX Eafe FundPairCorr
  0.67BGETX Baillie Gifford EafePairCorr
  0.88BGEPX Baillie Gifford EmergingPairCorr
  0.68BGEKX Eafe FundPairCorr
  0.88BGELX Emerging MarketsPairCorr
  0.88BGEGX Baillie Gifford EmergingPairCorr
  0.88BGEHX Baillie Gifford EmergingPairCorr
  0.68BGEFX Baillie Gifford EafePairCorr
  0.88BGEDX Baillie Gifford EmergingPairCorr
  1.0BGIUX Baillie Gifford IntePairCorr
  1.0BGIVX Baillie Gifford IntePairCorr
  1.0BGITX Baillie Gifford IntePairCorr
  1.0BGIFX Baillie Gifford IntePairCorr
  0.88BGKEX Emerging MarketsPairCorr
  0.95BGPKX Eafe PurePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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