Eafe Fund Correlations

Mutual Funds . USA . 
Fund . The Eafe Fund
BGESX Fund  USD 13.27  0.06  0.45%   
The current 90-days correlation between Eafe Fund and Siit High Yield is -0.18 (i.e., Good 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

Good diversification

The correlation between The Eafe Fund and DJI is -0.06 (i.e., Good 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

  0.77BGAKX Global AlphaPairCorr
  0.77BGASX Global AlphaPairCorr
  0.77BGATX Baillie Gifford GlobalPairCorr
  0.7BGCWX Baillie Gifford EafePairCorr
  0.7BGCJX Baillie Gifford EafePairCorr
  0.68BGEZX Baillie Gifford EmergingPairCorr
  0.68BGEWX Baillie Gifford EmergingPairCorr
  1.0BGEUX Baillie Gifford EafePairCorr
  1.0BGEVX Baillie Gifford EafePairCorr
  1.0BGETX Baillie Gifford EafePairCorr
  0.64BGEPX Baillie Gifford EmergingPairCorr
  0.64BGELX Emerging MarketsPairCorr
  1.0BGEFX Baillie Gifford EafePairCorr
  0.79BGIUX Baillie Gifford IntePairCorr
  0.79BGIVX Baillie Gifford IntePairCorr
  0.79BGIFX Baillie Gifford IntePairCorr
  0.64BGKEX Emerging MarketsPairCorr
  0.8BINSX The International EquityPairCorr
  0.7BKGCX Eafe ChoicePairCorr
  0.74RERFX Europacific GrowthPairCorr
  0.65AEPFX Europacific GrowthPairCorr
  0.65CEUAX Europacific GrowthPairCorr
  0.66CEUCX Europacific GrowthPairCorr
  0.66RERCX Europacific GrowthPairCorr
  0.65REREX Europacific GrowthPairCorr
  0.65RERGX Europacific GrowthPairCorr
  0.74CEUFX Europacific GrowthPairCorr

Related Correlations Analysis

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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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