Us Equity Correlations

BGGKX Fund

USD 26.02 1.55 5.62%

The current 90-days correlation between Equity Growth and Goldman Sachs Short is -0.12 (i.e., Good diversification). The correlation of Us Equity 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.

Us Equity Correlation With Market

Poor diversification

The correlation between The Equity Growth and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Equity Growth 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 Equity Growth. 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 industry.

Moving together with BGGKX Mutual Fund

0.94	BSGLX	Long Term	Pair Corr
0.75	BGAKX	Global Alpha	Pair Corr
0.75	BGALX	Baillie Gifford Global	Pair Corr
0.75	BGASX	Global Alpha	Pair Corr
0.75	BGATX	Baillie Gifford Global	Pair Corr
0.99	BGGSX	Equity Growth	Pair Corr
0.92	BGLTX	Baillie Gifford	Pair Corr
0.92	BGLKX	Long Term	Pair Corr

Moving against BGGKX Mutual Fund

0.52	BSGPX	Eafe Pure	Pair Corr
0.5	BGCWX	Baillie Gifford Eafe	Pair Corr
0.5	BGCSX	Eafe Choice	Pair Corr
0.47	BGCJX	Baillie Gifford Eafe	Pair Corr
0.61	BGHDX	Baillie Gifford Health Downward Rally	Pair Corr
0.59	BGHBX	Baillie Gifford Health Downward Rally	Pair Corr
0.55	BICKX	The International Smaller	Pair Corr
0.55	BICIX	The International Smaller	Pair Corr
0.53	BGPFX	Baillie Gifford Eafe	Pair Corr
0.53	BGPTX	Baillie Gifford Eafe	Pair Corr
0.51	BGPKX	Eafe Pure	Pair Corr
0.51	BKGCX	Eafe Choice	Pair Corr
0.31	BGIUX	Baillie Gifford Inte	Pair Corr
0.31	BGIKX	The International Equity	Pair Corr

Related Correlations Analysis

	GDICX	INIVX	FGDIX	GLRBX	SGDLX	MXKJX	SPPIX
GDICX		-0.05	0.06	0.03	-0.04	-0.34	-0.22	GDICX
INIVX	-0.05		0.92	0.37	0.94	-0.02	-0.9	INIVX
FGDIX	0.06	0.92		0.28	0.97	-0.13	-0.89	FGDIX
GLRBX	0.03	0.37	0.28		0.39	0.7	-0.2	GLRBX
SGDLX	-0.04	0.94	0.97	0.39		0.04	-0.82	SGDLX
MXKJX	-0.34	-0.02	-0.13	0.7	0.04		0.31	MXKJX
SPPIX	-0.22	-0.9	-0.89	-0.2	-0.82	0.31		SPPIX
	GDICX	INIVX	FGDIX	GLRBX	SGDLX	MXKJX	SPPIX

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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

SGDLX	+ 0.97	FGDIX
SGDLX	+ 0.94	INIVX
FGDIX	+ 0.92	INIVX
MXKJX	+ 0.7	GLRBX
SGDLX	+ 0.39	GLRBX
GLRBX	+ 0.37	INIVX

High negative correlations

SPPIX	- 0.9	INIVX
SPPIX	- 0.89	FGDIX
SPPIX	- 0.82	SGDLX
MXKJX	- 0.34	GDICX
SPPIX	- 0.22	GDICX
SPPIX	- 0.2	GLRBX

Risk-Adjusted Indicators

There is a big difference between BGGKX Mutual Fund performing well and Us Equity 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 Us Equity'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
GDICX	0.08	0.00	(0.63)	(0.18)	0.05	(0.13)	0.21	(0.10)	0.82
INIVX	1.38	(0.01)	(0.05)	0.07	1.77	(1.45)	2.66	(2.74)	9.92
FGDIX	1.31	(0.01)	(0.06)	0.03	1.81	(1.33)	2.67	(2.83)	9.78
GLRBX	0.31	(0.02)	(0.18)	0.08	0.38	(0.32)	0.61	(0.70)	1.88
SGDLX	1.33	0.05	(0.03)	0.71	1.59	(1.44)	2.78	(2.57)	9.03
MXKJX	0.59	0.11	0.00	2.57	0.51	(0.73)	1.26	(1.23)	3.51
SPPIX	1.39	0.11	(0.01)	(0.63)	1.68	(1.54)	3.24	(2.31)	10.50

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