Baillie Gifford Correlations

Mutual Funds . USA . 
Fund . Baillie Gifford Eafe
BGETX Fund  USD 14.07  0.03  0.21%   
The current 90-days correlation between Baillie Gifford Eafe and Us Real Estate is -0.04 (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 Eafe and DJI is 0.45 (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 Eafe 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 Eafe. 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 estimate.

Moving together with Baillie Mutual Fund

  0.67BSGLX Long TermPairCorr
  0.96BTLSX Baillie Gifford IntePairCorr
  0.96BTLKX Baillie Gifford IntePairCorr
  0.76BCANX Baillie Gifford ChinaPairCorr
  0.76BCAKX Baillie Gifford ChinaPairCorr
  0.85BGAKX Global AlphaPairCorr
  0.85BGALX Baillie Gifford GlobalPairCorr
  0.85BGASX Global AlphaPairCorr
  0.85BGATX Baillie Gifford GlobalPairCorr
  0.85BGCDX Baillie Gifford ChinaPairCorr
  0.85BGCBX Baillie Gifford ChinaPairCorr
  1.0BGEUX Baillie Gifford EafePairCorr
  0.99BGEVX Baillie Gifford EafePairCorr
  1.0BGESX Eafe FundPairCorr
  0.8BGEPX Baillie Gifford EmergingPairCorr
  0.99BGEKX Eafe FundPairCorr
  0.8BGELX Emerging MarketsPairCorr
  0.8BGEGX Baillie Gifford EmergingPairCorr
  0.8BGEHX Baillie Gifford EmergingPairCorr
  0.99BGEFX Baillie Gifford EafePairCorr
  0.8BGEDX Baillie Gifford EmergingPairCorr
  0.68BGIUX Baillie Gifford IntePairCorr
  0.68BGIVX Baillie Gifford IntePairCorr
  0.68BGITX Baillie Gifford IntePairCorr
  0.66BGIKX The International EquityPairCorr
  0.68BGIFX Baillie Gifford IntePairCorr
  0.8BGKEX Emerging MarketsPairCorr
  0.67BGLTX Baillie GiffordPairCorr
  0.67BGLKX Long TermPairCorr

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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