Eafe Choice Correlations

BGCSX Fund

USD 14.98 0.08 0.53%

The current 90-days correlation between Eafe Choice and Rational Real Strategies is 0.06 (i.e., Significant 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

Significant diversification

The correlation between The Eafe Choice 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 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 state.

Moving together with Eafe Mutual Fund

0.91	BSGPX	Eafe Pure	Pair Corr
0.85	BTLKX	Baillie Gifford Inte	Pair Corr
0.91	BGCWX	Baillie Gifford Eafe	Pair Corr
1.0	BGCJX	Baillie Gifford Eafe	Pair Corr
0.84	BGCDX	Baillie Gifford China	Pair Corr
0.84	BGCBX	Baillie Gifford China	Pair Corr
0.73	BGEUX	Baillie Gifford Eafe	Pair Corr
0.66	BGEVX	Baillie Gifford Eafe	Pair Corr
0.73	BGESX	Eafe Fund	Pair Corr
0.66	BGETX	Baillie Gifford Eafe	Pair Corr
0.79	BGEPX	Baillie Gifford Emerging	Pair Corr
0.79	BGELX	Emerging Markets	Pair Corr
0.89	BGEGX	Baillie Gifford Emerging	Pair Corr
0.66	BGEFX	Baillie Gifford Eafe	Pair Corr
0.88	BGIUX	Baillie Gifford Inte	Pair Corr
0.88	BGIVX	Baillie Gifford Inte	Pair Corr
0.98	BGIFX	Baillie Gifford Inte	Pair Corr
0.8	BGKEX	Emerging Markets	Pair Corr
0.98	BGPFX	Baillie Gifford Eafe	Pair Corr
0.79	BICKX	The International Smaller	Pair Corr
0.86	BICIX	The International Smaller	Pair Corr
0.88	BINSX	The International Equity	Pair Corr
0.91	BKGCX	Eafe Choice	Pair Corr
0.88	RERFX	Europacific Growth	Pair Corr
0.88	AEPFX	Europacific Growth	Pair Corr
0.88	CEUAX	Europacific Growth	Pair Corr
0.96	CEUCX	Europacific Growth	Pair Corr
0.96	RERCX	Europacific Growth	Pair Corr
0.88	REREX	Europacific Growth	Pair Corr
0.86	RERGX	Europacific Growth	Pair Corr
0.88	CEUFX	Europacific Growth	Pair Corr

Related Correlations Analysis

	HRSTX	FGFAX	LOGBX	CENTX	XHYIX	SISEX	REMVX	CCMSX
HRSTX		0.85	0.71	0.85	-0.16	0.82	0.8	0.0	HRSTX
FGFAX	0.85		0.74	0.99	-0.16	0.97	0.92	0.0	FGFAX
LOGBX	0.71	0.74		0.74	0.3	0.74	0.68	0.0	LOGBX
CENTX	0.85	0.99	0.74		-0.17	0.97	0.92	0.0	CENTX
XHYIX	-0.16	-0.16	0.3	-0.17		-0.19	-0.1	0.0	XHYIX
SISEX	0.82	0.97	0.74	0.97	-0.19		0.93	0.0	SISEX
REMVX	0.8	0.92	0.68	0.92	-0.1	0.93		0.0	REMVX
CCMSX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CCMSX
	HRSTX	FGFAX	LOGBX	CENTX	XHYIX	SISEX	REMVX	CCMSX

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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

CENTX	+ 0.99	FGFAX
SISEX	+ 0.97	FGFAX
SISEX	+ 0.97	CENTX
REMVX	+ 0.93	SISEX
REMVX	+ 0.92	FGFAX
REMVX	+ 0.92	CENTX

High negative correlations

SISEX	- 0.19	XHYIX
XHYIX	- 0.17	CENTX
XHYIX	- 0.16	FGFAX
XHYIX	- 0.16	HRSTX
REMVX	- 0.1	XHYIX
CCMSX	- 0.0	REMVX

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
HRSTX	0.06	(0.01)	0.20	1.19	0.12	(0.10)	0.12	(0.12)	0.71
FGFAX	0.79	0.11	0.18	(1.06)	0.96	(0.86)	1.79	(1.64)	5.93
LOGBX	0.51	0.01	0.00	(0.06)	0.00	0.00	0.83	(1.17)	4.19
CENTX	0.48	0.07	0.22	(1.29)	0.49	(0.54)	1.09	(0.87)	3.07
XHYIX	0.16	(0.04)	0.00	1.15	0.00	0.00	0.25	(0.49)	1.31
SISEX	0.60	0.11	0.19	0.22	0.72	(0.64)	1.64	(1.55)	4.04
REMVX	0.79	0.06	0.14	(2.35)	0.92	(0.87)	1.67	(1.56)	5.76
CCMSX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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