Baillie Gifford Correlations

BGEWX Fund

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The current 90-days correlation between Baillie Gifford Emerging and The Eafe Pure is 0.01 (i.e., Significant 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

Average diversification

The correlation between Baillie Gifford Emerging and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baillie Gifford Emerging 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 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 housing.

Moving together with Baillie Mutual Fund

0.8	BSGPX	Eafe Pure	Pair Corr
0.87	BGCWX	Baillie Gifford Eafe	Pair Corr
0.83	BGCSX	Eafe Choice	Pair Corr
0.84	BGCJX	Baillie Gifford Eafe	Pair Corr
1.0	BGEZX	Baillie Gifford Emerging	Pair Corr
0.83	BGEPX	Baillie Gifford Emerging	Pair Corr
0.83	BGELX	Emerging Markets	Pair Corr
0.83	BGEGX	Baillie Gifford Emerging	Pair Corr
0.8	BGEHX	Baillie Gifford Emerging	Pair Corr
0.83	BGEDX	Baillie Gifford Emerging	Pair Corr
0.61	BGHBX	Baillie Gifford Health Downward Rally	Pair Corr
0.85	BGIUX	Baillie Gifford Inte	Pair Corr
0.9	BGIVX	Baillie Gifford Inte	Pair Corr
0.9	BGITX	Baillie Gifford Inte	Pair Corr
0.85	BGIKX	The International Equity	Pair Corr
0.85	BGIFX	Baillie Gifford Inte	Pair Corr
0.8	BGKEX	Emerging Markets	Pair Corr

Moving against Baillie Mutual Fund

0.45

FSMMX

Fs Multi Strategy

Pair Corr

Related Correlations Analysis

	BSGPX	BSGLX	BTLSX	BTLKX	BCANX	BCAKX	BGAKX	BGALX	BGASX	BGATX
BSGPX		-0.32	0.18	0.18	-0.11	-0.11	0.0	0.0	0.01	0.0	BSGPX
BSGLX	-0.32		0.76	0.76	0.8	0.8	0.85	0.85	0.84	0.85	BSGLX
BTLSX	0.18	0.76		1.0	0.86	0.86	0.88	0.88	0.88	0.88	BTLSX
BTLKX	0.18	0.76	1.0		0.86	0.86	0.88	0.88	0.88	0.88	BTLKX
BCANX	-0.11	0.8	0.86	0.86		1.0	0.74	0.73	0.73	0.73	BCANX
BCAKX	-0.11	0.8	0.86	0.86	1.0		0.74	0.73	0.73	0.73	BCAKX
BGAKX	0.0	0.85	0.88	0.88	0.74	0.74		1.0	1.0	1.0	BGAKX
BGALX	0.0	0.85	0.88	0.88	0.73	0.73	1.0		1.0	1.0	BGALX
BGASX	0.01	0.84	0.88	0.88	0.73	0.73	1.0	1.0		1.0	BGASX
BGATX	0.0	0.85	0.88	0.88	0.73	0.73	1.0	1.0	1.0		BGATX
	BSGPX	BSGLX	BTLSX	BTLKX	BCANX	BCAKX	BGAKX	BGALX	BGASX	BGATX

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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

BTLKX	+ 1.0	BTLSX
BCAKX	+ 1.0	BCANX
BGALX	+ 1.0	BGAKX
BGASX	+ 1.0	BGAKX
BGATX	+ 1.0	BGAKX
BGASX	+ 1.0	BGALX

High negative correlations

BSGLX	- 0.32	BSGPX
BCAKX	- 0.11	BSGPX
BCANX	- 0.11	BSGPX
BGATX	- 0.0	BSGPX
BGALX	- 0.0	BSGPX
BGAKX	- 0.0	BSGPX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BSGPX	0.82	(0.17)	0.00	(0.15)	0.00	0.00	1.25	(1.85)	5.71
BSGLX	0.91	0.08	0.04	0.21	1.22	(0.92)	2.32	(2.23)	5.65
BTLSX	0.82	0.13	(0.01)	(0.55)	1.06	(1.05)	2.25	(1.79)	7.11
BTLKX	0.83	0.13	(0.01)	(0.53)	1.07	(1.06)	2.08	(1.89)	7.24
BCANX	1.45	0.51	0.11	(0.89)	1.45	(2.48)	6.01	(2.52)	18.02
BCAKX	1.45	0.51	0.11	(0.89)	1.45	(2.48)	6.01	(2.52)	18.02
BGAKX	0.62	0.07	(0.04)	1.11	0.77	(0.67)	1.36	(1.60)	4.19
BGALX	0.62	0.07	(0.04)	1.05	0.76	(0.67)	1.36	(1.54)	4.20
BGASX	0.62	0.07	(0.04)	1.08	0.77	(0.67)	1.34	(1.55)	4.25
BGATX	0.62	0.07	(0.04)	1.12	0.76	(0.67)	1.35	(1.59)	4.17

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