Us Equity Correlations

BGGSX Fund  USD 30.27  0.00  0.00%   
The current 90-days correlation between Equity Growth and Payden High Income is 0.36 (i.e., Weak 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

BGGSXDowDiversified AwayBGGSXDowDiversified Away100%

Good diversification

The correlation between The Equity Growth and DJI is -0.1 (i.e., Good 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 state.

Moving together with BGGSX Mutual Fund

  0.83BSGPX Eafe PurePairCorr
  0.88BSGLX Long TermPairCorr
  0.81BTLSX Baillie Gifford IntePairCorr
  0.81BTLKX Baillie Gifford IntePairCorr
  0.69BGCWX Baillie Gifford EafePairCorr
  0.7BGCSX Eafe ChoicePairCorr
  0.69BGCJX Baillie Gifford EafePairCorr
  0.65BGCDX Baillie Gifford ChinaPairCorr
  0.64BGCBX Baillie Gifford ChinaPairCorr
  0.7BGEPX Baillie Gifford EmergingPairCorr
  0.7BGELX Emerging MarketsPairCorr
  0.69BGEGX Baillie Gifford EmergingPairCorr
  0.69BGEHX Baillie Gifford EmergingPairCorr
  0.7BGEDX Baillie Gifford EmergingPairCorr
  0.88BGGKX Equity GrowthPairCorr
  0.69BGKEX Emerging MarketsPairCorr
  0.88BGLTX Baillie GiffordPairCorr
  0.88BGLKX Long TermPairCorr
  0.83BGPKX Eafe PurePairCorr
  0.83BGPFX Baillie Gifford EafePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between BGGSX 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.

Trending Assets

BUFHX
Buffalo High Yield
10.86  0.01  0.09 
PYRLX
Payden High Income
6.40  0.02  0.31 
VRHYX
Virtus High Yield
3.89  0.01  0.26 
IPIMX
Voya High Yield
8.76  -0.01  -0.11