Us Equity Correlations

BGGSX Fund

USD 25.08 0.37 1.50%

The current 90-days correlation between Equity Growth and Fidelity Advisor Diversified is -0.28 (i.e., Very 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

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

0.88	BSGLX	Long Term	Pair Corr
0.75	BGAKX	Global Alpha	Pair Corr
0.84	BGALX	Baillie Gifford Global	Pair Corr
0.75	BGASX	Global Alpha	Pair Corr
0.75	BGATX	Baillie Gifford Global	Pair Corr
0.66	BGEZX	Baillie Gifford Emerging	Pair Corr
0.66	BGEWX	Baillie Gifford Emerging	Pair Corr
0.95	BGGKX	Equity Growth	Pair Corr
0.88	BGLTX	Baillie Gifford	Pair Corr
0.88	BGLKX	Long Term	Pair Corr

Moving against BGGSX Mutual Fund

0.47	BGCDX	Baillie Gifford China	Pair Corr
0.47	BGCBX	Baillie Gifford China	Pair Corr

Related Correlations Analysis

	FZABX	DLTZX	SRDAX	BDVFX	CDBCX	XWDIX	HIIDX	MBLAX
FZABX		0.83	-0.23	0.75	0.79	0.43	0.97	0.75	FZABX
DLTZX	0.83		-0.39	0.86	0.92	0.46	0.86	0.48	DLTZX
SRDAX	-0.23	-0.39		-0.48	-0.45	-0.53	-0.34	0.0	SRDAX
BDVFX	0.75	0.86	-0.48		0.95	0.7	0.84	0.58	BDVFX
CDBCX	0.79	0.92	-0.45	0.95		0.63	0.86	0.6	CDBCX
XWDIX	0.43	0.46	-0.53	0.7	0.63		0.51	0.44	XWDIX
HIIDX	0.97	0.86	-0.34	0.84	0.86	0.51		0.68	HIIDX
MBLAX	0.75	0.48	0.0	0.58	0.6	0.44	0.68		MBLAX
	FZABX	DLTZX	SRDAX	BDVFX	CDBCX	XWDIX	HIIDX	MBLAX

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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

HIIDX	+ 0.97	FZABX
CDBCX	+ 0.95	BDVFX
CDBCX	+ 0.92	DLTZX
BDVFX	+ 0.86	DLTZX
HIIDX	+ 0.86	DLTZX
HIIDX	+ 0.86	CDBCX

High negative correlations

XWDIX	- 0.53	SRDAX
BDVFX	- 0.48	SRDAX
CDBCX	- 0.45	SRDAX
SRDAX	- 0.39	DLTZX
HIIDX	- 0.34	SRDAX
SRDAX	- 0.23	FZABX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FZABX	0.74	0.11	0.12	0.10	1.01	(0.73)	1.45	(1.37)	6.16
DLTZX	0.08	0.01	0.46	(0.30)	0.00	(0.18)	0.26	(0.13)	0.64
SRDAX	0.16	0.00	0.25	0.00	0.17	(0.20)	0.29	(0.37)	0.76
BDVFX	0.26	(0.01)	0.00	(0.15)	0.00	0.00	0.54	(0.54)	1.41
CDBCX	0.23	0.01	0.24	0.27	0.22	(0.30)	0.56	(0.44)	1.34
XWDIX	0.20	(0.03)	0.00	0.67	0.00	0.00	0.33	(0.46)	1.59
HIIDX	0.63	0.08	0.12	0.08	0.82	(0.65)	1.27	(0.97)	5.23
MBLAX	0.27	0.00	0.00	(0.05)	0.00	0.00	0.62	(0.54)	1.51

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