Baillie Gifford Correlations

BGCBX Fund  USD 5.84  0.04  0.69%   
The current 90-days correlation between Baillie Gifford China and Transamerica High Yield is -0.02 (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

BaillieDowDiversified AwayBaillieDowDiversified Away100%

Modest diversification

The correlation between Baillie Gifford China and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baillie Gifford China 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 China. 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 labor statistics.

Moving together with Baillie Mutual Fund

  0.71BSGPX Eafe PurePairCorr
  0.72BSGLX Long TermPairCorr
  0.69BTLSX Baillie Gifford IntePairCorr
  0.82BTLKX Baillie Gifford IntePairCorr
  0.72BGCWX Baillie Gifford EafePairCorr
  0.72BGCSX Eafe ChoicePairCorr
  0.72BGCJX Baillie Gifford EafePairCorr
  1.0BGCDX Baillie Gifford ChinaPairCorr
  0.61BGEUX Baillie Gifford EafePairCorr
  0.61BGEVX Baillie Gifford EafePairCorr
  0.86BGEPX Baillie Gifford EmergingPairCorr
  0.85BGELX Emerging MarketsPairCorr
  0.85BGEGX Baillie Gifford EmergingPairCorr
  0.85BGEHX Baillie Gifford EmergingPairCorr
  0.86BGEDX Baillie Gifford EmergingPairCorr
  0.64BGGSX Equity GrowthPairCorr
  0.66BGGKX Equity GrowthPairCorr
  0.71BGIUX Baillie Gifford IntePairCorr
  0.72BGIVX Baillie Gifford IntePairCorr
  0.7BGITX Baillie Gifford IntePairCorr
  0.69BGIKX The International EquityPairCorr
  0.7BGIFX Baillie Gifford IntePairCorr
  0.85BGKEX Emerging MarketsPairCorr
  0.72BGLTX Baillie GiffordPairCorr
  0.72BGLKX Long TermPairCorr
  0.71BGPKX Eafe PurePairCorr
  0.71BGPFX Baillie Gifford EafePairCorr

Moving against Baillie Mutual Fund

  0.57USPSX Profunds UltrashortPairCorr

Related Correlations Analysis

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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.

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