Baillie Gifford Correlations

Mutual Funds . USA . 
Fund . Baillie Gifford China
BGCBX Fund  USD 5.22  0.01  0.19%   
The current 90-days correlation between Baillie Gifford China and T Rowe Price is 0.09 (i.e., Significant 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 China 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 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

  0.68BSGLX Long TermPairCorr
  0.89BTLSX Baillie Gifford IntePairCorr
  0.89BTLKX Baillie Gifford IntePairCorr
  0.95BCANX Baillie Gifford ChinaPairCorr
  0.95BCAKX Baillie Gifford ChinaPairCorr
  0.72BGAKX Global AlphaPairCorr
  0.72BGALX Baillie Gifford GlobalPairCorr
  0.72BGASX Global AlphaPairCorr
  0.72BGATX Baillie Gifford GlobalPairCorr
  1.0BGCDX Baillie Gifford ChinaPairCorr
  0.85BGEUX Baillie Gifford EafePairCorr
  0.86BGEVX Baillie Gifford EafePairCorr
  0.86BGESX Eafe FundPairCorr
  0.85BGETX Baillie Gifford EafePairCorr
  0.76BGEPX Baillie Gifford EmergingPairCorr
  0.86BGEKX Eafe FundPairCorr
  0.76BGELX Emerging MarketsPairCorr
  0.76BGEGX Baillie Gifford EmergingPairCorr
  0.76BGEHX Baillie Gifford EmergingPairCorr
  0.86BGEFX Baillie Gifford EafePairCorr
  0.76BGEDX Baillie Gifford EmergingPairCorr
  0.76BGKEX Emerging MarketsPairCorr
  0.68BGLTX Baillie GiffordPairCorr
  0.68BGLKX Long TermPairCorr

Related Correlations Analysis

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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY