Long Term Correlations

BGLKX Fund

USD 34.55 0.15 0.43%

The current 90-days correlation between Long Term and Baillie Gifford China is 0.13 (i.e., Average diversification). The correlation of Long Term 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.

Long Term Correlation With Market

Very good diversification

The correlation between The Long Term and DJI is -0.47 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Long Term 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 Long Term. 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 Long Mutual Fund

0.97	BSGLX	Long Term	Pair Corr
0.71	BTLSX	Baillie Gifford Inte	Pair Corr
0.71	BTLKX	Baillie Gifford Inte	Pair Corr
0.65	BGCSX	Eafe Choice	Pair Corr
0.68	BGEUX	Baillie Gifford Eafe	Pair Corr
0.95	BGGSX	Equity Growth	Pair Corr
0.98	BGGKX	Equity Growth	Pair Corr
1.0	BGLTX	Baillie Gifford	Pair Corr

Moving against Long Mutual Fund

0.73	BGEZX	Baillie Gifford Emerging	Pair Corr
0.72	BGEWX	Baillie Gifford Emerging	Pair Corr
0.69	BGELX	Emerging Markets	Pair Corr
0.69	BGEGX	Baillie Gifford Emerging	Pair Corr
0.69	BGEHX	Baillie Gifford Emerging	Pair Corr
0.69	BGEDX	Baillie Gifford Emerging	Pair Corr
0.77	NHS	Neuberger Berman High	Pair Corr
0.7	BGKEX	Emerging Markets	Pair Corr
0.48	ANNPX	Allianzgi Vertible	Pair Corr
0.38	BINSX	The International Equity	Pair Corr
0.37	BGIVX	Baillie Gifford Inte	Pair Corr
0.36	BGIUX	Baillie Gifford Inte	Pair Corr
0.36	BGITX	Baillie Gifford Inte	Pair Corr
0.36	BGIKX	The International Equity	Pair Corr
0.36	BGIFX	Baillie Gifford Inte	Pair Corr
0.31	FNFPX	American Funds New	Pair Corr
0.31	FFPNX	American Funds New	Pair Corr

Related Correlations Analysis

	BSGPX	BTLSX	BTLKX	BGCWX	BGCSX	BGCDX
BSGPX		-0.11	-0.12	1.0	0.91	-0.77	BSGPX
BTLSX	-0.11		1.0	-0.14	0.06	0.56	BTLSX
BTLKX	-0.12	1.0		-0.14	0.06	0.56	BTLKX
BGCWX	1.0	-0.14	-0.14		0.9	-0.77	BGCWX
BGCSX	0.91	0.06	0.06	0.9		-0.72	BGCSX
BGCDX	-0.77	0.56	0.56	-0.77	-0.72		BGCDX
	BSGPX	BTLSX	BTLKX	BGCWX	BGCSX	BGCDX

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

BGCWX	+ 1.0	BSGPX
BTLKX	+ 1.0	BTLSX
BGCSX	+ 0.91	BSGPX
BGCSX	+ 0.9	BGCWX
BGCDX	+ 0.56	BTLSX
BGCDX	+ 0.56	BTLKX

High negative correlations

BGCDX	- 0.77	BGCWX
BGCDX	- 0.77	BSGPX
BGCDX	- 0.72	BGCSX
BGCWX	- 0.14	BTLKX
BGCWX	- 0.14	BTLSX
BTLKX	- 0.12	BSGPX

Risk-Adjusted Indicators

There is a big difference between Long Mutual Fund performing well and Long Term 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 Long Term'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
BSGPX	3.22	(1.60)	0.00	(6.90)	0.00	0.00	1.26	(1.21)	84.34
BTLSX	0.91	(0.11)	0.00	(0.04)	0.00	0.00	1.53	(2.81)	6.22
BTLKX	0.91	(0.11)	0.00	(0.04)	0.00	0.00	1.51	(2.77)	6.34
BGCWX	2.01	(0.95)	0.00	(1.56)	0.00	0.00	1.23	(1.04)	67.61
BGCSX	4.16	(1.94)	0.00	2.06	0.00	0.00	1.45	(1.42)	77.96
BGCDX	0.72	(0.02)	(0.06)	0.03	0.92	(0.70)	1.30	(1.53)	4.97

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