Eafe Choice Correlations

BKGCX Fund

USD 15.17 0.06 0.40%

The current 90-days correlation between Eafe Choice and Fidelity Series 1000 is 0.31 (i.e., Weak diversification). The correlation of Eafe Choice 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.

Eafe Choice Correlation With Market

Weak diversification

The correlation between The Eafe Choice 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 Eafe Choice 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 Eafe Choice. 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 main economic indicators.

Moving together with Eafe Mutual Fund

0.99	BSGPX	Eafe Pure	Pair Corr
1.0	BGCWX	Baillie Gifford Eafe	Pair Corr
1.0	BGCSX	Eafe Choice	Pair Corr
0.99	BGCJX	Baillie Gifford Eafe	Pair Corr
0.86	BGEZX	Baillie Gifford Emerging	Pair Corr
0.86	BGEWX	Baillie Gifford Emerging	Pair Corr
0.8	BGEPX	Baillie Gifford Emerging	Pair Corr
0.8	BGELX	Emerging Markets	Pair Corr
0.8	BGEGX	Baillie Gifford Emerging	Pair Corr
0.8	BGEHX	Baillie Gifford Emerging	Pair Corr
0.8	BGEDX	Baillie Gifford Emerging	Pair Corr
0.7	BGHDX	Baillie Gifford Health	Pair Corr
0.7	BGHBX	Baillie Gifford Health	Pair Corr
0.96	BGIUX	Baillie Gifford Inte	Pair Corr
0.96	BGIVX	Baillie Gifford Inte	Pair Corr
0.96	BGITX	Baillie Gifford Inte	Pair Corr
0.97	BGIKX	The International Equity	Pair Corr
0.96	BGIFX	Baillie Gifford Inte	Pair Corr
0.8	BGKEX	Emerging Markets	Pair Corr
0.99	BGPKX	Eafe Pure	Pair Corr

Moving against Eafe Mutual Fund

0.48	BGGSX	Equity Growth	Pair Corr
0.48	BGGKX	Equity Growth	Pair Corr
0.44	BGUKX	Baillie Gifford Discovery	Pair Corr
0.44	BGUIX	Baillie Gifford Discovery	Pair Corr

Related Correlations Analysis

	FIOOX	RETSX	AMONX	LMISX	TWQZX	JLCNX
FIOOX		0.97	0.96	0.97	0.98	0.96	FIOOX
RETSX	0.97		0.99	0.99	0.98	0.99	RETSX
AMONX	0.96	0.99		1.0	0.97	0.97	AMONX
LMISX	0.97	0.99	1.0		0.97	0.98	LMISX
TWQZX	0.98	0.98	0.97	0.97		0.95	TWQZX
JLCNX	0.96	0.99	0.97	0.98	0.95		JLCNX
	FIOOX	RETSX	AMONX	LMISX	TWQZX	JLCNX

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Risk-Adjusted Indicators

There is a big difference between Eafe Mutual Fund performing well and Eafe Choice 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 Eafe Choice'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
FIOOX	0.53	0.01	(0.02)	0.13	0.35	(0.63)	1.06	(0.84)	3.54
RETSX	0.53	(0.02)	(0.04)	0.10	0.64	(0.56)	1.04	(1.46)	4.06
AMONX	0.70	0.02	0.02	0.14	0.85	(0.73)	1.63	(1.30)	4.55
LMISX	0.61	0.03	0.02	0.14	0.74	(0.70)	1.28	(1.49)	4.05
TWQZX	0.49	0.00	(0.04)	0.11	0.35	(0.58)	1.16	(0.75)	3.48
JLCNX	0.59	(0.01)	(0.03)	0.10	0.73	(0.58)	0.99	(1.43)	4.03

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