Baillie Gifford Correlations

BGEDX Fund  USD 20.80  0.33  1.56%   
The current 90-days correlation between Baillie Gifford Emerging and Guidepath Conservative Income 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

Weak diversification

The correlation between Baillie Gifford Emerging and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baillie Gifford Emerging 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 Emerging. 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 unemployment.

Moving together with Baillie Mutual Fund

  0.83BSGPX Eafe PurePairCorr
  0.78BSGLX Long TermPairCorr
  0.89BTLSX Baillie Gifford IntePairCorr
  0.94BTLKX Baillie Gifford IntePairCorr
  0.82BGCWX Baillie Gifford EafePairCorr
  0.89BGCSX Eafe ChoicePairCorr
  0.82BGCJX Baillie Gifford EafePairCorr
  0.76BGCDX Baillie Gifford ChinaPairCorr
  0.84BGCBX Baillie Gifford ChinaPairCorr
  0.71BGEZX Baillie Gifford EmergingPairCorr
  0.71BGEWX Baillie Gifford EmergingPairCorr
  0.78BGEUX Baillie Gifford EafePairCorr
  0.71BGEVX Baillie Gifford EafePairCorr
  0.68BGESX Eafe FundPairCorr
  0.71BGETX Baillie Gifford EafePairCorr
  1.0BGEPX Baillie Gifford EmergingPairCorr
  0.71BGEKX Eafe FundPairCorr
  0.91BGELX Emerging MarketsPairCorr
  1.0BGEGX Baillie Gifford EmergingPairCorr
  0.92BGEHX Baillie Gifford EmergingPairCorr
  0.71BGEFX Baillie Gifford EafePairCorr
  0.7BGGSX Equity GrowthPairCorr
  0.72BGGKX Equity GrowthPairCorr
  0.87BGIUX Baillie Gifford IntePairCorr
  0.87BGIVX Baillie Gifford IntePairCorr
  0.86BGIFX Baillie Gifford IntePairCorr
  1.0BGKEX Emerging MarketsPairCorr
  0.84BGLTX Baillie GiffordPairCorr
  0.84BGLKX Long TermPairCorr
  0.83BGPKX Eafe PurePairCorr
  0.82BGPFX Baillie Gifford EafePairCorr
  0.88BGPTX Baillie Gifford EafePairCorr
  0.81BICKX The International SmallerPairCorr
  0.81BICIX The International SmallerPairCorr

Related Correlations Analysis

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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   
FHCOXGPICX
CAARXWCAFX
JDJRXGPICX
WCAFXMNDWX
CAARXMNDWX
FHCOXJDJRX
  
High negative correlations   
WCAFXFHCOX
WCAFXJDJRX
JDJRXMNDWX
WCAFXGPICX
FHCOXMNDWX

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.