Baillie Gifford Correlations

BGEVX Fund  USD 13.28  0.15  1.12%   
The current 90-days correlation between Baillie Gifford Eafe and Virtus Seix Government is -0.16 (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 0.53 (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 real.

Moving together with Baillie Mutual Fund

  0.73BTLSX Baillie Gifford IntePairCorr
  0.72BTLKX Baillie Gifford IntePairCorr
  0.73BGAKX Global AlphaPairCorr
  0.74BGALX Baillie Gifford GlobalPairCorr
  0.73BGASX Global AlphaPairCorr
  0.73BGATX Baillie Gifford GlobalPairCorr
  0.68BGCWX Baillie Gifford EafePairCorr
  0.65BGCSX Eafe ChoicePairCorr
  0.65BGCJX Baillie Gifford EafePairCorr
  1.0BGEUX Baillie Gifford EafePairCorr
  1.0BGESX Eafe FundPairCorr
  0.81BGETX Baillie Gifford EafePairCorr
  0.62BGEPX Baillie Gifford EmergingPairCorr
  0.81BGEKX Eafe FundPairCorr
  0.62BGELX Emerging MarketsPairCorr
  0.63BGEGX Baillie Gifford EmergingPairCorr
  1.0BGEFX Baillie Gifford EafePairCorr
  0.62BGEDX Baillie Gifford EmergingPairCorr
  0.76BGIUX Baillie Gifford IntePairCorr
  0.75BGIVX Baillie Gifford IntePairCorr
  0.71BGITX Baillie Gifford IntePairCorr
  0.76BGIKX The International EquityPairCorr
  0.76BGIFX Baillie Gifford IntePairCorr
  0.64BGKEX Emerging MarketsPairCorr
  0.72BGLKX Long TermPairCorr
  0.73BICKX The International SmallerPairCorr
  0.73BICIX The International SmallerPairCorr

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.