Eafe Fund Correlations

BGEKX Fund

USD 13.63 0.41 2.92%

The current 90-days correlation between Eafe Fund and The Eafe Pure is 0.83 (i.e., Very poor diversification). The correlation of Eafe Fund 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 Fund Correlation With Market

Weak diversification

The correlation between The Eafe Fund and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Eafe Fund 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 Fund. 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 industry.

Moving together with Eafe Mutual Fund

0.64	BSGLX	Long Term	Pair Corr
0.87	BTLSX	Baillie Gifford Inte	Pair Corr
0.87	BTLKX	Baillie Gifford Inte	Pair Corr
0.7	BCANX	Baillie Gifford China	Pair Corr
0.7	BCAKX	Baillie Gifford China	Pair Corr
0.76	BGAKX	Global Alpha	Pair Corr
0.76	BGALX	Baillie Gifford Global	Pair Corr
0.76	BGASX	Global Alpha	Pair Corr
0.76	BGATX	Baillie Gifford Global	Pair Corr
0.85	BGCDX	Baillie Gifford China	Pair Corr
0.85	BGCBX	Baillie Gifford China	Pair Corr
0.98	BGEUX	Baillie Gifford Eafe	Pair Corr
1.0	BGEVX	Baillie Gifford Eafe	Pair Corr
0.99	BGESX	Eafe Fund	Pair Corr
0.91	BGETX	Baillie Gifford Eafe	Pair Corr
0.76	BGEPX	Baillie Gifford Emerging	Pair Corr
0.76	BGELX	Emerging Markets	Pair Corr
0.76	BGEGX	Baillie Gifford Emerging	Pair Corr
0.81	BGEHX	Baillie Gifford Emerging	Pair Corr
1.0	BGEFX	Baillie Gifford Eafe	Pair Corr
0.76	BGEDX	Baillie Gifford Emerging	Pair Corr
0.69	BGIUX	Baillie Gifford Inte	Pair Corr
0.65	BGIVX	Baillie Gifford Inte	Pair Corr
0.64	BGITX	Baillie Gifford Inte	Pair Corr
0.67	BGIKX	The International Equity	Pair Corr
0.68	BGIFX	Baillie Gifford Inte	Pair Corr
0.81	BGKEX	Emerging Markets	Pair Corr

Related Correlations Analysis

	BSGPX	BSGLX	BTLKX	BCANX	BGAKX	BGALX	BGCWX	BGCSX	BGCJX
BSGPX		-0.32	0.18	-0.11	0.0	0.0	0.93	0.98	0.99	BSGPX
BSGLX	-0.32		0.76	0.8	0.85	0.85	-0.29	-0.3	-0.26	BSGLX
BTLKX	0.18	0.76		0.86	0.88	0.88	0.31	0.23	0.25	BTLKX
BCANX	-0.11	0.8	0.86		0.74	0.73	0.02	-0.06	-0.04	BCANX
BGAKX	0.0	0.85	0.88	0.74		1.0	0.13	0.05	0.06	BGAKX
BGALX	0.0	0.85	0.88	0.73	1.0		0.13	0.05	0.05	BGALX
BGCWX	0.93	-0.29	0.31	0.02	0.13	0.13		0.95	0.94	BGCWX
BGCSX	0.98	-0.3	0.23	-0.06	0.05	0.05	0.95		0.99	BGCSX
BGCJX	0.99	-0.26	0.25	-0.04	0.06	0.05	0.94	0.99		BGCJX
	BSGPX	BSGLX	BTLKX	BCANX	BGAKX	BGALX	BGCWX	BGCSX	BGCJX

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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

BGALX	+ 1.0	BGAKX
BGCJX	+ 0.99	BSGPX
BGCJX	+ 0.99	BGCSX
BGCSX	+ 0.98	BSGPX
BGCSX	+ 0.95	BGCWX
BGCJX	+ 0.94	BGCWX

High negative correlations

BSGLX	- 0.32	BSGPX
BGCSX	- 0.3	BSGLX
BGCWX	- 0.29	BSGLX
BGCJX	- 0.26	BSGLX
BCANX	- 0.11	BSGPX
BGCSX	- 0.06	BCANX

Risk-Adjusted Indicators

There is a big difference between Eafe Mutual Fund performing well and Eafe Fund 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 Fund'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
BSGPX	0.82	(0.17)	0.00	(0.15)	0.00	0.00	1.25	(1.85)	5.71
BSGLX	0.91	0.08	0.04	0.21	1.22	(0.92)	2.32	(2.23)	5.65
BTLKX	0.83	0.13	(0.01)	(0.53)	1.07	(1.06)	2.08	(1.89)	7.24
BCANX	1.45	0.51	0.11	(0.89)	1.45	(2.48)	6.01	(2.52)	18.02
BGAKX	0.62	0.07	(0.04)	1.11	0.77	(0.67)	1.36	(1.60)	4.19
BGALX	0.62	0.07	(0.04)	1.05	0.76	(0.67)	1.36	(1.54)	4.20
BGCWX	0.70	(0.05)	0.00	(0.71)	0.00	0.00	1.19	(1.33)	5.37
BGCSX	0.65	(0.10)	0.00	(0.12)	0.00	0.00	1.23	(1.28)	5.35
BGCJX	0.77	(0.15)	0.00	(0.14)	0.00	0.00	1.22	(1.89)	5.31

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