Us Equity Correlations

Mutual Funds . USA . 
Fund . The Equity Growth
BGGKX Fund  USD 28.72  0.14  0.49%   
The current 90-days correlation between Equity Growth and Small Pany Growth is 0.93 (i.e., Almost no diversification). The correlation of Us Equity 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.

Us Equity Correlation With Market

Almost no diversification

The correlation between The Equity Growth and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Equity Growth 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 Equity Growth. 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 BGGKX Mutual Fund

  0.91BSGPX Eafe PurePairCorr
  0.99BSGLX Long TermPairCorr
  0.97BTLSX Baillie Gifford IntePairCorr
  0.97BTLKX Baillie Gifford IntePairCorr
  0.99BGAKX Global AlphaPairCorr
  0.99BGASX Global AlphaPairCorr
  0.99BGATX Baillie Gifford GlobalPairCorr
  0.93BGCWX Baillie Gifford EafePairCorr
  0.93BGCSX Eafe ChoicePairCorr
  0.93BGCJX Baillie Gifford EafePairCorr
  0.98BGEZX Baillie Gifford EmergingPairCorr
  0.98BGEWX Baillie Gifford EmergingPairCorr
  0.97BGEVX Baillie Gifford EafePairCorr
  0.97BGESX Eafe FundPairCorr
  0.97BGETX Baillie Gifford EafePairCorr
  0.95BGEPX Baillie Gifford EmergingPairCorr
  0.97BGEKX Eafe FundPairCorr
  0.95BGELX Emerging MarketsPairCorr
  0.89BGEGX Baillie Gifford EmergingPairCorr
  0.95BGEHX Baillie Gifford EmergingPairCorr
  0.97BGEFX Baillie Gifford EafePairCorr
  0.95BGEDX Baillie Gifford EmergingPairCorr
  1.0BGGSX Equity GrowthPairCorr
  0.93BGIUX Baillie Gifford IntePairCorr
  0.96BGIVX Baillie Gifford IntePairCorr
  0.96BGITX Baillie Gifford IntePairCorr
  0.96BGIKX The International EquityPairCorr
  0.96BGIFX Baillie Gifford IntePairCorr
  0.95BGKEX Emerging MarketsPairCorr
  0.99BGLTX Baillie GiffordPairCorr
  0.99BGLKX Long TermPairCorr
  0.91BGPKX Eafe PurePairCorr
  0.91BICKX The International SmallerPairCorr
  0.91BICIX The International SmallerPairCorr
  0.96BINSX The International EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between BGGKX Mutual Fund performing well and Us Equity 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 Us Equity'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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