Baillie Gifford Correlations

Mutual Funds . USA . 
Fund . Baillie Gifford International
BGIVX Fund  USD 14.50  0.22  1.49%   
The current 90-days correlation between Baillie Gifford Inte and T Rowe Price 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

Good diversification

The correlation between Baillie Gifford International and DJI is -0.13 (i.e., Good 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 real.

Moving together with Baillie Mutual Fund

  0.92BSGPX Eafe PurePairCorr
  0.73BTLSX Baillie Gifford IntePairCorr
  0.73BTLKX Baillie Gifford Inte Potential GrowthPairCorr
  0.97BGCWX Baillie Gifford EafePairCorr
  0.89BGCSX Eafe ChoicePairCorr
  0.89BGCJX Baillie Gifford EafePairCorr
  0.86BGCDX Baillie Gifford ChinaPairCorr
  0.86BGCBX Baillie Gifford ChinaPairCorr
  0.73BGEUX Baillie Gifford EafePairCorr
  0.74BGEVX Baillie Gifford EafePairCorr
  0.73BGESX Eafe FundPairCorr
  0.73BGETX Baillie Gifford EafePairCorr
  0.9BGEPX Baillie Gifford EmergingPairCorr
  0.73BGEKX Eafe FundPairCorr
  0.9BGELX Emerging MarketsPairCorr
  0.83BGEGX Baillie Gifford EmergingPairCorr
  0.74BGEFX Baillie Gifford EafePairCorr
  0.83BGEDX Baillie Gifford EmergingPairCorr
  1.0BGIUX Baillie Gifford IntePairCorr
  1.0BGITX Baillie Gifford IntePairCorr
  0.93BGIKX The International EquityPairCorr
  1.0BGIFX Baillie Gifford IntePairCorr
  0.9BGKEX Emerging MarketsPairCorr
  0.92BGPKX Eafe PurePairCorr
  0.84BGPFX Baillie Gifford EafePairCorr
  0.92BGPTX Baillie Gifford EafePairCorr
  0.71BICKX The International SmallerPairCorr
  0.71BICIX The International SmallerPairCorr

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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