Baillie Gifford Correlations

Mutual Funds . USA . 
Fund . Baillie Gifford Emerging
BGEPX Fund  USD 21.06  0.10  0.48%   
The current 90-days correlation between Baillie Gifford Emerging and Artisan Small Cap is 0.73 (i.e., Poor 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.
  
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 american community survey.

Moving together with Baillie Mutual Fund

  0.75BSGPX Eafe PurePairCorr
  0.72BTLSX Baillie Gifford IntePairCorr
  0.72BTLKX Baillie Gifford IntePairCorr
  0.88BGCWX Baillie Gifford EafePairCorr
  0.64BGCDX Baillie Gifford ChinaPairCorr
  0.79BGCBX Baillie Gifford ChinaPairCorr
  0.66BGEUX Baillie Gifford EafePairCorr
  0.72BGEVX Baillie Gifford EafePairCorr
  0.66BGESX Eafe FundPairCorr
  0.74BGETX Baillie Gifford EafePairCorr
  0.86BGELX Emerging MarketsPairCorr
  0.77BGEHX Baillie Gifford EmergingPairCorr
  0.92BGIUX Baillie Gifford IntePairCorr
  0.92BGIVX Baillie Gifford IntePairCorr
  0.82BGITX Baillie Gifford IntePairCorr
  0.92BGIKX The International EquityPairCorr
  0.77BGKEX Emerging MarketsPairCorr
  0.86BGPKX Eafe PurePairCorr
  0.75BGPFX Baillie Gifford EafePairCorr
  0.66BICKX The International SmallerPairCorr
  0.66BICIX The International SmallerPairCorr
  0.92BINSX The International EquityPairCorr
  0.79BKGCX Eafe ChoicePairCorr
  0.87VEMAX Vanguard Emerging MarketsPairCorr
  0.87VEIEX Vanguard Emerging MarketsPairCorr
  0.87VEMIX Vanguard Emerging MarketsPairCorr
  0.87VEMRX Vanguard Emerging MarketsPairCorr
  0.81FWWNX American Funds NewPairCorr
  0.81FNFWX American Funds NewPairCorr

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   
SECAX
+ 0.99
ARTSX
SECAX
+ 0.95
MSSGX
MSSGX
+ 0.93
ARTSX
SECAX
+ 0.92
QLMSTX
QLMSTX
+ 0.9
ARTSX
QLMSTX
+ 0.89
MSSGX
  
High negative correlations   
SECAX
- 0.0
CCMSX
QLMSTX
- 0.0
CCMSX
CCMSX
- 0.0
MSSGX
CCMSX
- 0.0
VSFSX
CCMSX
- 0.0
ARTSX

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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