Baillie Gifford Correlations

Mutual Funds . USA . 
Fund . Baillie Gifford International
BGITX Fund  USD 13.67  0.03  0.22%   
The current 90-days correlation between Baillie Gifford Inte and Commodities Strategy Fund is -0.01 (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 International and DJI is 0.47 (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 International 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 International. 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 estimate.

Moving together with Baillie Mutual Fund

  0.8BSGPX Eafe PurePairCorr
  0.72BTLSX Baillie Gifford IntePairCorr
  0.75BTLKX Baillie Gifford IntePairCorr
  0.64BGAKX Global AlphaPairCorr
  0.66BGALX Baillie Gifford GlobalPairCorr
  0.64BGASX Global AlphaPairCorr
  0.64BGATX Baillie Gifford GlobalPairCorr
  0.91BGCWX Baillie Gifford EafePairCorr
  0.96BGCSX Eafe ChoicePairCorr
  0.91BGCJX Baillie Gifford EafePairCorr
  0.66BGCDX Baillie Gifford ChinaPairCorr
  0.71BGCBX Baillie Gifford ChinaPairCorr
  0.65BGEZX Baillie Gifford EmergingPairCorr
  0.65BGEWX Baillie Gifford EmergingPairCorr
  0.96BGEUX Baillie Gifford EafePairCorr
  0.9BGEVX Baillie Gifford EafePairCorr
  0.96BGESX Eafe FundPairCorr
  0.9BGETX Baillie Gifford EafePairCorr
  0.86BGEPX Baillie Gifford EmergingPairCorr
  0.89BGEKX Eafe FundPairCorr
  0.86BGELX Emerging MarketsPairCorr
  0.86BGEGX Baillie Gifford EmergingPairCorr
  0.82BGEHX Baillie Gifford EmergingPairCorr
  0.9BGEFX Baillie Gifford EafePairCorr
  0.86BGEDX Baillie Gifford EmergingPairCorr
  0.61BGGSX Equity GrowthPairCorr
  0.67BGGKX Equity GrowthPairCorr
  1.0BGIUX Baillie Gifford IntePairCorr
  1.0BGIVX Baillie Gifford IntePairCorr
  1.0BGIKX The International EquityPairCorr
  1.0BGIFX Baillie Gifford IntePairCorr
  0.86BGKEX Emerging MarketsPairCorr
  0.7BGLTX Baillie GiffordPairCorr
  0.7BGLKX Long TermPairCorr
  0.8BGPKX Eafe PurePairCorr
  0.74BGPFX Baillie Gifford EafePairCorr

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.

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