Baillie Gifford Correlations

Mutual Funds . USA . 
Fund . Baillie Gifford International
BTLKX Fund  USD 8.02  0.02  0.25%   
The current 90-days correlation between Baillie Gifford Inte and Allianzgi Technology Fund is 0.67 (i.e., Poor 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 industry.

Moving together with Baillie Mutual Fund

  0.79BSGLX Long TermPairCorr
  1.0BTLSX Baillie Gifford IntePairCorr
  0.86BCANX Baillie Gifford ChinaPairCorr
  0.86BCAKX Baillie Gifford ChinaPairCorr
  0.88BGAKX Global AlphaPairCorr
  0.88BGALX Baillie Gifford GlobalPairCorr
  0.88BGASX Global AlphaPairCorr
  0.88BGATX Baillie Gifford GlobalPairCorr
  0.89BGCDX Baillie Gifford ChinaPairCorr
  0.89BGCBX Baillie Gifford ChinaPairCorr
  0.96BGEUX Baillie Gifford EafePairCorr
  0.95BGEVX Baillie Gifford EafePairCorr
  0.96BGESX Eafe FundPairCorr
  0.96BGETX Baillie Gifford EafePairCorr
  0.71BGEPX Baillie Gifford EmergingPairCorr
  0.95BGEKX Eafe FundPairCorr
  0.72BGELX Emerging MarketsPairCorr
  0.72BGEGX Baillie Gifford EmergingPairCorr
  0.72BGEHX Baillie Gifford EmergingPairCorr
  0.95BGEFX Baillie Gifford EafePairCorr
  0.72BGEDX Baillie Gifford EmergingPairCorr
  0.72BGKEX Emerging MarketsPairCorr
  0.79BGLTX Baillie GiffordPairCorr
  0.79BGLKX Long TermPairCorr

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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