Baillie Gifford Correlations

Mutual Funds . USA . 
Fund . Baillie Gifford Emerging
BGEDX Fund  USD 21.79  0.04  0.18%   
The current 90-days correlation between Baillie Gifford Emerging and Barings Emerging Markets is -0.11 (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

Very weak diversification

The correlation between Baillie Gifford Emerging and DJI is 0.42 (i.e., Very 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

  0.82BSGPX Eafe PurePairCorr
  0.86BTLSX Baillie Gifford IntePairCorr
  0.85BTLKX Baillie Gifford IntePairCorr
  0.89BGCWX Baillie Gifford EafePairCorr
  0.89BGCSX Eafe ChoicePairCorr
  0.89BGCJX Baillie Gifford EafePairCorr
  0.85BGCDX Baillie Gifford ChinaPairCorr
  0.85BGCBX Baillie Gifford ChinaPairCorr
  0.61BGEUX Baillie Gifford EafePairCorr
  0.61BGESX Eafe FundPairCorr
  0.61BGETX Baillie Gifford EafePairCorr
  1.0BGEPX Baillie Gifford EmergingPairCorr
  0.61BGEKX Eafe FundPairCorr
  1.0BGELX Emerging MarketsPairCorr
  1.0BGEGX Baillie Gifford EmergingPairCorr
  1.0BGEHX Baillie Gifford EmergingPairCorr
  0.61BGEFX Baillie Gifford EafePairCorr
  0.9BGIUX Baillie Gifford IntePairCorr
  0.9BGIVX Baillie Gifford IntePairCorr
  0.89BGITX Baillie Gifford IntePairCorr
  0.89BGIKX The International EquityPairCorr
  0.89BGIFX Baillie Gifford IntePairCorr
  1.0BGKEX Emerging MarketsPairCorr
  0.87BGPKX Eafe PurePairCorr
  0.87BGPFX Baillie Gifford EafePairCorr

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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