Bridge Builder Correlations

Mutual Funds . USA . 
Fund . Bridge Builder E
BBCPX Fund  USD 8.79  0.02  0.23%   
The current 90-days correlation between Bridge Builder E and Shelton Emerging Markets is -0.03 (i.e., Good diversification). The correlation of Bridge Builder 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.

Bridge Builder Correlation With Market

Modest diversification

The correlation between Bridge Builder E and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bridge Builder E 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 Bridge Builder E. 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 Bridge Mutual Fund

  0.98BBTBX Bridge Builder EPairCorr
  0.65BBVLX Bridge Builder LargePairCorr
  0.84MWTNX Metropolitan West TotalPairCorr
  0.9MWTSX Metropolitan West TotalPairCorr
  0.86PTTPX Pimco Total ReturnPairCorr
  0.89PTRRX Total ReturnPairCorr
  0.89PTRAX Total ReturnPairCorr
  0.89PTTRX Total ReturnPairCorr
  0.87FIWGX Strategic AdvisersPairCorr
  0.79DODIX Dodge IncomePairCorr
  0.9MWTIX Metropolitan West TotalPairCorr
  0.81MWTRX Metropolitan West TotalPairCorr
  0.64FTCAX Templeton Strained BondPairCorr
  0.62ACVIX Small Cap ValuePairCorr
  0.83NHIRX Neuberger Berman HighPairCorr
  0.66MSEIX Amg Managers Special Steady GrowthPairCorr
  0.67FRQAX Fidelity Income ReplPairCorr

Moving against Bridge Mutual Fund

  0.45USPSX Profunds UltrashortPairCorr
  0.45USPIX Profunds UltrashortPairCorr
  0.44TCSUX Cleartrack 2020 ClassPairCorr
  0.4TCTGX Transamerica CleartrackPairCorr
  0.4TCTJX Transamerica CleartrackPairCorr
  0.4UIPIX Ultrashort Mid CapPairCorr
  0.39TDKTX Cleartrack 2015 ClassPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Bridge Mutual Fund performing well and Bridge Builder 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 Bridge Builder'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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