Baillie Gifford Correlations

BGALX Fund

USD 17.59 0.30 1.74%

The current 90-days correlation between Baillie Gifford Global and Doubleline Global Bond is -0.03 (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

Significant diversification

The correlation between Baillie Gifford Global and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baillie Gifford Global 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 Global. 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 bureau of economic analysis.

Moving together with Baillie Mutual Fund

0.89	BSGLX	Long Term	Pair Corr
0.66	BGAKX	Global Alpha	Pair Corr
1.0	BGASX	Global Alpha	Pair Corr
1.0	BGATX	Baillie Gifford Global	Pair Corr
0.68	BGEZX	Baillie Gifford Emerging	Pair Corr
0.68	BGEWX	Baillie Gifford Emerging	Pair Corr
0.73	BGEVX	Baillie Gifford Eafe	Pair Corr
0.72	BGESX	Eafe Fund	Pair Corr
0.89	BGGSX	Equity Growth Steady Growth	Pair Corr
0.82	BGGKX	Equity Growth Steady Growth	Pair Corr
0.89	BGLTX	Baillie Gifford	Pair Corr
0.82	BGLKX	Long Term	Pair Corr

Related Correlations Analysis

	DBLGX	ANAGX	MGKAX	QGMIX	MFIRX	LFLCX	TBCUX	TEDIX
DBLGX		0.85	0.42	0.87	0.9	0.92	0.93	0.84	DBLGX
ANAGX	0.85		0.53	0.74	0.9	0.92	0.72	0.77	ANAGX
MGKAX	0.42	0.53		0.33	0.55	0.61	0.39	0.67	MGKAX
QGMIX	0.87	0.74	0.33		0.89	0.87	0.93	0.72	QGMIX
MFIRX	0.9	0.9	0.55	0.89		0.96	0.86	0.8	MFIRX
LFLCX	0.92	0.92	0.61	0.87	0.96		0.88	0.87	LFLCX
TBCUX	0.93	0.72	0.39	0.93	0.86	0.88		0.81	TBCUX
TEDIX	0.84	0.77	0.67	0.72	0.8	0.87	0.81		TEDIX
	DBLGX	ANAGX	MGKAX	QGMIX	MFIRX	LFLCX	TBCUX	TEDIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
DBLGX	0.22	0.01	0.14	0.15	0.21	(0.30)	0.48	(0.36)	1.21
ANAGX	0.18	0.00	0.12	0.04	0.19	(0.27)	0.44	(0.44)	1.46
MGKAX	1.04	(0.17)	0.00	(0.33)	0.00	0.00	1.57	(2.37)	14.60
QGMIX	0.37	0.11	0.32	(0.66)	0.18	(0.45)	0.83	(0.63)	2.42
MFIRX	0.11	0.01	0.18	1.24	0.00	(0.21)	0.19	(0.19)	0.77
LFLCX	0.18	0.01	0.18	(0.39)	0.15	(0.21)	0.43	(0.33)	0.98
TBCUX	0.60	0.12	0.19	0.32	0.56	(0.68)	1.49	(1.14)	4.33
TEDIX	0.66	0.00	0.00	(0.03)	0.00	0.00	1.01	(1.47)	7.35

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Baillie Gifford Correlations

Baillie Gifford Correlation With Market

Significant diversification

Moving together with Baillie Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY