Baillie Gifford Correlations

Mutual Funds . USA . 
Fund . Baillie Gifford Emerging
BGEWX Fund  USD 10.00  0.13  1.28%   
The current 90-days correlation between Baillie Gifford Emerging and Davis Government Bond is -0.18 (i.e., Good 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 poor diversification

The correlation between Baillie Gifford Emerging and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baillie Gifford Emerging 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 Emerging. 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 housing.

Moving together with Baillie Mutual Fund

  0.95BSGPX Eafe PurePairCorr
  0.99BSGLX Long TermPairCorr
  0.98BTLSX Baillie Gifford IntePairCorr
  0.98BTLKX Baillie Gifford IntePairCorr
  0.99BGAKX Global AlphaPairCorr
  0.98BGASX Global AlphaPairCorr
  0.99BGATX Baillie Gifford GlobalPairCorr
  0.97BGCWX Baillie Gifford EafePairCorr
  0.97BGCSX Eafe ChoicePairCorr
  0.97BGCJX Baillie Gifford EafePairCorr
  1.0BGEZX Baillie Gifford EmergingPairCorr
  0.98BGEVX Baillie Gifford EafePairCorr
  0.98BGESX Eafe FundPairCorr
  0.98BGETX Baillie Gifford EafePairCorr
  0.97BGEPX Baillie Gifford EmergingPairCorr
  0.98BGEKX Eafe FundPairCorr
  0.97BGELX Emerging MarketsPairCorr
  0.97BGEGX Baillie Gifford EmergingPairCorr
  0.97BGEHX Baillie Gifford EmergingPairCorr
  0.98BGEFX Baillie Gifford EafePairCorr
  0.97BGEDX Baillie Gifford EmergingPairCorr
  0.98BGGSX Equity GrowthPairCorr
  0.98BGGKX Equity GrowthPairCorr
  0.98BGIUX Baillie Gifford IntePairCorr
  0.98BGIVX Baillie Gifford IntePairCorr
  0.98BGITX Baillie Gifford IntePairCorr
  0.98BGIKX The International EquityPairCorr
  0.98BGIFX Baillie Gifford IntePairCorr
  0.97BGKEX Emerging MarketsPairCorr
  0.99BGLTX Baillie GiffordPairCorr
  0.99BGLKX Long TermPairCorr
  0.95BGPKX Eafe PurePairCorr
  0.95BGPFX Baillie Gifford EafePairCorr
  0.94BICKX 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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