Baillie Gifford Correlations

BGATX Fund

USD 16.35 0.28 1.74%

The current 90-days correlation between Baillie Gifford Global and Gamco International Growth is 0.28 (i.e., Modest 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 0.04 (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 estimate.

Moving together with Baillie Mutual Fund

0.87	BSGLX	Long Term	Pair Corr
0.75	BGAKX	Global Alpha	Pair Corr
1.0	BGALX	Baillie Gifford Global	Pair Corr
1.0	BGASX	Global Alpha	Pair Corr
0.67	BGEWX	Baillie Gifford Emerging	Pair Corr
0.73	BGEVX	Baillie Gifford Eafe	Pair Corr
0.71	BGESX	Eafe Fund	Pair Corr
0.81	BGGSX	Equity Growth Steady Growth	Pair Corr
0.81	BGGKX	Equity Growth Steady Growth	Pair Corr
0.87	BGLTX	Baillie Gifford	Pair Corr
0.8	BGLKX	Long Term	Pair Corr

Related Correlations Analysis

	GCIGX	FGTZX	VDIGX	TAAEX	UPDDX	BGGKX
GCIGX		0.37	0.59	0.0	-0.02	0.02	GCIGX
FGTZX	0.37		0.75	0.86	0.8	0.82	FGTZX
VDIGX	0.59	0.75		0.46	0.53	0.5	VDIGX
TAAEX	0.0	0.86	0.46		0.81	0.94	TAAEX
UPDDX	-0.02	0.8	0.53	0.81		0.89	UPDDX
BGGKX	0.02	0.82	0.5	0.94	0.89		BGGKX
	GCIGX	FGTZX	VDIGX	TAAEX	UPDDX	BGGKX

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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

BGGKX	+ 0.94	TAAEX
BGGKX	+ 0.89	UPDDX
TAAEX	+ 0.86	FGTZX
BGGKX	+ 0.82	FGTZX
UPDDX	+ 0.81	TAAEX
UPDDX	+ 0.8	FGTZX

High negative correlations

UPDDX	- 0.02	GCIGX
TAAEX	- 0.0	GCIGX

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
GCIGX	0.81	0.00	(0.03)	1.83	(2.11)	6.40
FGTZX	0.62	(0.01)	(0.05)	1.08	(1.25)	3.38
VDIGX	0.61	(0.01)	(0.06)	0.95	(1.44)	3.57
TAAEX	1.71	(0.10)	(0.11)	3.16	(3.20)	9.89
UPDDX	2.00	(0.13)	0.34	3.22	(5.01)	15.30
BGGKX	1.54	(0.17)	0.79	2.77	(4.38)	8.15

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