Baillie Gifford Correlations

Mutual Funds . USA . 
Fund . Baillie Gifford Eafe
BGCWX Fund  USD 14.85  0.14  0.93%   
The current 90-days correlation between Baillie Gifford Eafe and Tiaa Cref Large Cap Value is 0.05 (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 Eafe and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baillie Gifford Eafe 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 Eafe. 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 housing.

Moving together with Baillie Mutual Fund

  0.98BSGPX Eafe PurePairCorr
  0.85BTLSX Baillie Gifford IntePairCorr
  0.85BTLKX Baillie Gifford IntePairCorr
  1.0BGCSX Eafe ChoicePairCorr
  1.0BGCJX Baillie Gifford EafePairCorr
  0.81BGCDX Baillie Gifford ChinaPairCorr
  0.83BGCBX Baillie Gifford ChinaPairCorr
  0.72BGEUX Baillie Gifford EafePairCorr
  0.73BGEVX Baillie Gifford EafePairCorr
  0.72BGESX Eafe FundPairCorr
  0.74BGETX Baillie Gifford EafePairCorr
  0.78BGEPX Baillie Gifford EmergingPairCorr
  0.72BGEKX Eafe FundPairCorr
  0.89BGELX Emerging MarketsPairCorr
  0.89BGEGX Baillie Gifford EmergingPairCorr
  0.73BGEFX Baillie Gifford EafePairCorr
  0.89BGEDX Baillie Gifford EmergingPairCorr
  0.98BGIUX Baillie Gifford IntePairCorr
  0.98BGIVX Baillie Gifford IntePairCorr
  0.98BGITX Baillie Gifford IntePairCorr
  0.98BGIKX The International EquityPairCorr
  0.98BGIFX Baillie Gifford IntePairCorr
  0.86BGKEX Emerging MarketsPairCorr
  0.98BGPKX Eafe PurePairCorr
  0.98BGPFX Baillie Gifford EafePairCorr
  0.98BGPTX Baillie Gifford EafePairCorr
  0.86BICKX The International SmallerPairCorr
  0.76BICIX The International SmallerPairCorr

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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