Eafe Pure Correlations

Mutual Funds . USA . 
Fund . The Eafe Pure
BGPKX Fund  USD 12.63  0.38  2.92%   
The current 90-days correlation between Eafe Pure and Firsthand Alternative Energy is 0.61 (i.e., Poor diversification). The correlation of Eafe Pure 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.

Eafe Pure Correlation With Market

Very weak diversification

The correlation between The Eafe Pure and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Eafe Pure 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 Eafe Pure. 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 industry.

Moving together with Eafe Mutual Fund

  1.0BSGPX Eafe PurePairCorr
  0.93BGCWX Baillie Gifford EafePairCorr
  0.98BGCSX Eafe ChoicePairCorr
  0.99BGCJX Baillie Gifford EafePairCorr
  0.8BGEZX Baillie Gifford EmergingPairCorr
  0.8BGEWX Baillie Gifford EmergingPairCorr
  0.7BGEPX Baillie Gifford EmergingPairCorr
  0.69BGELX Emerging MarketsPairCorr
  0.69BGEGX Baillie Gifford EmergingPairCorr
  0.77BGEHX Baillie Gifford EmergingPairCorr
  0.69BGEDX Baillie Gifford EmergingPairCorr
  0.68BGHDX Baillie Gifford Health Downward RallyPairCorr
  0.72BGHBX Baillie Gifford Health Downward RallyPairCorr
  0.95BGIUX Baillie Gifford IntePairCorr
  0.88BGIVX Baillie Gifford IntePairCorr
  0.89BGITX Baillie Gifford IntePairCorr
  0.95BGIKX The International EquityPairCorr
  0.96BGIFX Baillie Gifford IntePairCorr
  0.77BGKEX Emerging MarketsPairCorr

Moving against Eafe Mutual Fund

  0.53BGGSX Equity GrowthPairCorr
  0.51BGGKX Equity GrowthPairCorr
  0.32BSGLX Long TermPairCorr
  0.51BGUKX Baillie Gifford DiscoveryPairCorr
  0.51BGUIX Baillie Gifford DiscoveryPairCorr
  0.4VTSAX Vanguard Total StockPairCorr
  0.37BGLTX Baillie GiffordPairCorr
  0.37BGLKX Long TermPairCorr

Related Correlations Analysis

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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   
SBMBX
+ 0.94
FRNRX
FIKAX
+ 0.93
FRNRX
SBMBX
+ 0.82
FIKAX
SBMBX
+ 0.74
GMOWX
ICBAX
+ 0.73
FRNRX
ICBAX
+ 0.7
FIKAX
  
High negative correlations   
ICBAX
- 0.09
ALTEX
FIKAX
- 0.07
ALTEX

Risk-Adjusted Indicators

There is a big difference between Eafe Mutual Fund performing well and Eafe Pure 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 Eafe Pure'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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