Baillie Gifford Correlations

BGUKX Fund

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The current 90-days correlation between Baillie Gifford Discovery and The Eafe Pure is 0.11 (i.e., Average 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

Significant diversification

The correlation between Baillie Gifford Discovery and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baillie Gifford Discovery and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. 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 Baillie Mutual Fund

0.69	BSGLX	Long Term	Pair Corr
0.68	BGGSX	Equity Growth	Pair Corr
0.75	BGGKX	Equity Growth	Pair Corr
0.69	BGLTX	Baillie Gifford	Pair Corr
0.69	BGLKX	Long Term	Pair Corr

Moving against Baillie Mutual Fund

0.48	BGELX	Emerging Markets	Pair Corr
0.48	BGEGX	Baillie Gifford Emerging	Pair Corr
0.48	BGEHX	Baillie Gifford Emerging	Pair Corr
0.48	BGEDX	Baillie Gifford Emerging	Pair Corr
0.43	BGEZX	Baillie Gifford Emerging	Pair Corr
0.43	BGEWX	Baillie Gifford Emerging	Pair Corr
0.4	BGEPX	Baillie Gifford Emerging	Pair Corr
0.37	BGCBX	Baillie Gifford China	Pair Corr
0.33	BGCDX	Baillie Gifford China	Pair Corr
0.31	BGHDX	Baillie Gifford Health	Pair Corr
0.31	BGHBX	Baillie Gifford Health	Pair Corr
0.39	BGKEX	Emerging Markets	Pair Corr
0.33	JGMCX	Janus Triton	Pair Corr
0.31	BGPKX	Eafe Pure	Pair Corr

Related Correlations Analysis

	BSGPX	BSGLX	BTLSX	BTLKX	BGAKX	BGALX	BGASX	BGATX	BGCWX	BGCSX
BSGPX		-0.36	0.66	0.66	0.75	0.71	0.72	0.72	0.98	0.98	BSGPX
BSGLX	-0.36		0.14	0.15	0.08	0.15	0.12	0.12	-0.34	-0.36	BSGLX
BTLSX	0.66	0.14		1.0	0.57	0.7	0.69	0.68	0.66	0.66	BTLSX
BTLKX	0.66	0.15	1.0		0.56	0.7	0.68	0.68	0.65	0.65	BTLKX
BGAKX	0.75	0.08	0.57	0.56		0.93	0.94	0.94	0.84	0.82	BGAKX
BGALX	0.71	0.15	0.7	0.7	0.93		1.0	1.0	0.8	0.77	BGALX
BGASX	0.72	0.12	0.69	0.68	0.94	1.0		1.0	0.8	0.78	BGASX
BGATX	0.72	0.12	0.68	0.68	0.94	1.0	1.0		0.8	0.78	BGATX
BGCWX	0.98	-0.34	0.66	0.65	0.84	0.8	0.8	0.8		1.0	BGCWX
BGCSX	0.98	-0.36	0.66	0.65	0.82	0.77	0.78	0.78	1.0		BGCSX
	BSGPX	BSGLX	BTLSX	BTLKX	BGAKX	BGALX	BGASX	BGATX	BGCWX	BGCSX

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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

BTLKX	+ 1.0	BTLSX
BGASX	+ 1.0	BGALX
BGATX	+ 1.0	BGALX
BGATX	+ 1.0	BGASX
BGCSX	+ 1.0	BGCWX
BGCWX	+ 0.98	BSGPX

High negative correlations

BGCSX	- 0.36	BSGLX
BSGLX	- 0.36	BSGPX
BGCWX	- 0.34	BSGLX

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
BSGPX	0.79	(0.17)	0.00	6.57	0.00	0.00	1.15	(2.34)	7.78
BSGLX	1.06	0.08	0.05	0.38	1.49	(1.09)	2.35	(2.22)	11.25
BTLSX	0.87	(0.06)	0.00	(0.42)	0.00	0.00	1.84	(1.94)	7.70
BTLKX	0.88	(0.06)	0.00	(0.45)	0.00	0.00	1.95	(1.91)	7.70
BGAKX	0.92	(0.16)	0.00	(5.16)	0.00	0.00	1.37	(1.70)	14.28
BGALX	0.88	(0.15)	0.00	(0.39)	0.00	0.00	1.37	(1.70)	12.52
BGASX	0.90	(0.17)	0.00	(0.41)	0.00	0.00	1.36	(1.75)	14.13
BGATX	0.91	(0.17)	0.00	(0.41)	0.00	0.00	1.36	(1.69)	14.20
BGCWX	0.80	0.00	0.00	0.00	0.00	0.00	1.16	(2.27)	10.01
BGCSX	0.74	(0.21)	0.00	(7.56)	0.00	0.00	1.16	(1.76)	9.28

Baillie Gifford Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Baillie Gifford mutual fund to make a market-neutral strategy. Peer analysis of Baillie Gifford could also be used in its relative valuation, which is a method of valuing Baillie Gifford by comparing valuation metrics with similar companies.

The Eafe Pure The Long Term Baillie Gifford International Baillie Gifford International The Global Alpha Baillie Gifford Global The Global Alpha Baillie Gifford Global Baillie Gifford Eafe The Eafe Choice American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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