Eafe Pure Correlations

BSGPX Fund

USD 13.06 0.08 0.61%

The current 90-days correlation between Eafe Pure and The Eafe Choice is 0.98 (i.e., Almost no 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

Good diversification

The correlation between The Eafe Pure and DJI is -0.18 (i.e., Good 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 american community survey.

Moving together with Eafe Mutual Fund

0.78	BTLKX	Baillie Gifford Inte	Pair Corr
0.96	BGCWX	Baillie Gifford Eafe	Pair Corr
0.97	BGCJX	Baillie Gifford Eafe	Pair Corr
0.82	BGCDX	Baillie Gifford China	Pair Corr
0.82	BGCBX	Baillie Gifford China	Pair Corr
0.87	BGEPX	Baillie Gifford Emerging	Pair Corr
0.87	BGELX	Emerging Markets	Pair Corr
0.82	BGEGX	Baillie Gifford Emerging	Pair Corr
0.89	BGIUX	Baillie Gifford Inte	Pair Corr
0.89	BGIVX	Baillie Gifford Inte	Pair Corr
0.88	BGIFX	Baillie Gifford Inte	Pair Corr
0.87	BGKEX	Emerging Markets	Pair Corr
0.94	BGPFX	Baillie Gifford Eafe	Pair Corr
0.81	BICKX	The International Smaller	Pair Corr
0.81	BICIX	The International Smaller	Pair Corr
0.88	BINSX	The International Equity	Pair Corr
0.96	BKGCX	Eafe Choice	Pair Corr
0.87	RERFX	Europacific Growth	Pair Corr
0.86	AEPFX	Europacific Growth	Pair Corr
0.85	CEUAX	Europacific Growth	Pair Corr
0.84	CEUCX	Europacific Growth	Pair Corr
0.85	RERCX	Europacific Growth	Pair Corr
0.85	REREX	Europacific Growth	Pair Corr
0.86	RERGX	Europacific Growth	Pair Corr
0.87	CEUFX	Europacific Growth	Pair Corr

Related Correlations Analysis

	BSGPX	BKGCX	BGCSX	BGESX	BGEOX	BGEKX	BGPOX	BGPKX
BSGPX		0.96	0.84	0.52	0.0	0.54	0.0	0.86	BSGPX
BKGCX	0.96		0.9	0.7	0.0	0.61	0.0	0.87	BKGCX
BGCSX	0.84	0.9		0.68	0.0	0.72	0.0	0.88	BGCSX
BGESX	0.52	0.7	0.68		0.0	0.78	0.0	0.56	BGESX
BGEOX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BGEOX
BGEKX	0.54	0.61	0.72	0.78	0.0		0.0	0.56	BGEKX
BGPOX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	BGPOX
BGPKX	0.86	0.87	0.88	0.56	0.0	0.56	0.0		BGPKX
	BSGPX	BKGCX	BGCSX	BGESX	BGEOX	BGEKX	BGPOX	BGPKX

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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

BKGCX	+ 0.96	BSGPX
BGCSX	+ 0.9	BKGCX
BGPKX	+ 0.88	BGCSX
BGPKX	+ 0.87	BKGCX
BGPKX	+ 0.86	BSGPX
BGCSX	+ 0.84	BSGPX

High negative correlations

BGPKX	- 0.0	BGPOX
BGPOX	- 0.0	BGEKX
BGPKX	- 0.0	BGEOX
BGPOX	- 0.0	BGEOX
BGEKX	- 0.0	BGEOX
BGPOX	- 0.0	BGESX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BSGPX	0.75	0.02	0.11	(0.18)	0.94	(0.79)	1.62	(1.60)	4.64
BKGCX	0.78	(0.01)	0.07	(0.03)	1.02	(0.82)	1.56	(1.67)	4.95
BGCSX	0.78	0.13	0.15	0.12	0.95	(0.85)	1.77	(1.66)	4.86
BGESX	1.17	(0.09)	0.00	0.75	0.00	0.00	2.32	(2.93)	8.32
BGEOX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BGEKX	1.20	0.05	0.00	(0.03)	0.00	0.00	2.97	(2.92)	8.25
BGPOX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BGPKX	0.73	0.12	0.20	42.15	0.80	(0.81)	1.68	(1.48)	4.74

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