Eafe Fund Correlations

Mutual Funds . USA . 
Fund . The Eafe Fund
BGESX Fund  USD 13.44  0.04  0.30%   
The current 90-days correlation between Eafe Fund and Gmo Global Equity is 0.64 (i.e., 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 0.32 (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 state.

Moving together with Eafe Mutual Fund

  0.71BSGPX Eafe PurePairCorr
  0.65BTLSX Baillie Gifford IntePairCorr
  0.84BGAKX Global AlphaPairCorr
  0.75BGALX Baillie Gifford GlobalPairCorr
  0.73BGASX Global AlphaPairCorr
  0.73BGATX Baillie Gifford GlobalPairCorr
  0.88BGCWX Baillie Gifford EafePairCorr
  0.78BGCSX Eafe ChoicePairCorr
  0.88BGCJX Baillie Gifford EafePairCorr
  0.89BGEUX Baillie Gifford EafePairCorr
  0.97BGEVX Baillie Gifford EafePairCorr
  0.97BGETX Baillie Gifford EafePairCorr
  0.68BGEPX Baillie Gifford EmergingPairCorr
  0.97BGEKX Eafe FundPairCorr
  0.69BGEGX Baillie Gifford EmergingPairCorr
  0.75BGEHX Baillie Gifford EmergingPairCorr
  0.97BGEFX Baillie Gifford EafePairCorr
  0.68BGEDX Baillie Gifford EmergingPairCorr
  0.88BGIUX Baillie Gifford IntePairCorr
  0.88BGIVX Baillie Gifford IntePairCorr
  0.89BGITX Baillie Gifford IntePairCorr
  0.89BGIKX The International EquityPairCorr
  0.89BGIFX Baillie Gifford IntePairCorr
  0.69BGKEX Emerging MarketsPairCorr
  0.61BGLTX Baillie GiffordPairCorr
  0.61BGLKX Long TermPairCorr
  0.71BGPKX Eafe PurePairCorr
  0.62BGPFX Baillie Gifford EafePairCorr
  0.61BGPTX Baillie Gifford EafePairCorr

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   
PIEQX
+ 1.0
PAEIX
PAEIX
+ 0.98
RRIGX
PIEQX
+ 0.98
RRIGX
PAEIX
+ 0.9
GMADX
PIEQX
+ 0.9
GMADX
RRIGX
+ 0.87
GMADX
  
High negative correlations   
SMNIX
- 0.17
GMADX
PAEIX
- 0.11
SMNIX
PIEQX
- 0.1
SMNIX
RRIGX
- 0.04
SMNIX
REVAX
- 0.04
SMNIX

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.

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