Long Term Correlations
| BGLKX Fund | USD 32.95 0.15 0.45% |
The current 90-days correlation between Long Term and Vanguard Small Cap Value is 0.73 (i.e., Poor diversification). The correlation of Long Term 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.
Long Term Correlation With Market
Very weak diversification
The correlation between The Long Term and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Long Term and DJI in the same portfolio, assuming nothing else is changed.
Long |
Moving together with Long Mutual Fund
| 0.93 | BSGLX | Long Term | PairCorr |
| 0.67 | BTLSX | Baillie Gifford Inte | PairCorr |
| 0.66 | BTLKX | Baillie Gifford Inte | PairCorr |
| 0.62 | BGALX | Baillie Gifford Global | PairCorr |
| 0.72 | BGEZX | Baillie Gifford Emerging | PairCorr |
| 0.72 | BGEWX | Baillie Gifford Emerging | PairCorr |
| 0.9 | BGGSX | Equity Growth | PairCorr |
| 0.9 | BGGKX | Equity Growth | PairCorr |
| 0.93 | BGLTX | Baillie Gifford | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Long Mutual Fund performing well and Long Term 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 Long Term'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VISVX | 0.82 | (0.08) | 0.00 | (0.17) | 0.00 | 1.38 | 3.80 | |||
| GSXPX | 1.14 | (0.31) | 0.00 | (0.38) | 0.00 | 1.48 | 13.28 | |||
| MXLSX | 0.81 | (0.12) | 0.00 | (0.21) | 0.00 | 1.37 | 3.97 | |||
| PCSVX | 1.06 | (0.32) | 0.00 | (0.37) | 0.00 | 1.41 | 14.66 | |||
| HRVIX | 0.99 | (0.17) | 0.00 | (0.25) | 0.00 | 1.50 | 4.67 | |||
| RYTRX | 0.88 | (0.24) | 0.00 | 1.57 | 0.00 | 1.19 | 5.48 | |||
| ABYSX | 1.03 | (0.26) | 0.00 | (0.35) | 0.00 | 1.38 | 11.64 | |||
| MAVKX | 0.90 | (0.18) | 0.00 | (0.28) | 0.00 | 1.24 | 5.26 |