Baillie Gifford Correlations

Mutual Funds . USA . 
Fund . Baillie Gifford Global
BGALX Fund  USD 16.65  0.00  0.00%   
The current 90-days correlation between Baillie Gifford Global and Gmo High Yield is 0.42 (i.e., Very weak 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

Significant diversification

The correlation between Baillie Gifford Global and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baillie Gifford Global 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 Global. 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 bureau of economic analysis.

Moving together with Baillie Mutual Fund

  0.72BSGPX Eafe PurePairCorr
  0.69BSGLX Long TermPairCorr
  0.72BTLSX Baillie Gifford IntePairCorr
  0.71BTLKX Baillie Gifford IntePairCorr
  0.65BGAKX Global AlphaPairCorr
  0.65BGASX Global AlphaPairCorr
  0.65BGATX Baillie Gifford GlobalPairCorr
  0.72BGCWX Baillie Gifford EafePairCorr
  0.72BGCSX Eafe ChoicePairCorr
  0.7BGCJX Baillie Gifford EafePairCorr
  0.7BGCDX Baillie Gifford ChinaPairCorr
  0.7BGCBX Baillie Gifford ChinaPairCorr
  0.61BGEWX Baillie Gifford EmergingPairCorr
  0.71BGEVX Baillie Gifford EafePairCorr
  0.72BGESX Eafe FundPairCorr
  0.72BGETX Baillie Gifford EafePairCorr
  0.63BGEPX Baillie Gifford EmergingPairCorr
  0.72BGEKX Eafe FundPairCorr
  0.64BGELX Emerging MarketsPairCorr
  0.64BGEGX Baillie Gifford EmergingPairCorr
  0.63BGEHX Baillie Gifford EmergingPairCorr
  0.71BGEFX Baillie Gifford EafePairCorr
  0.63BGEDX Baillie Gifford EmergingPairCorr
  0.67BGGSX Equity GrowthPairCorr
  0.67BGGKX Equity GrowthPairCorr
  0.71BGIUX Baillie Gifford IntePairCorr
  0.71BGIVX Baillie Gifford IntePairCorr
  0.71BGITX Baillie Gifford IntePairCorr
  0.71BGIKX The International EquityPairCorr
  0.71BGIFX Baillie Gifford IntePairCorr
  0.63BGKEX Emerging MarketsPairCorr
  0.69BGLTX Baillie GiffordPairCorr
  0.68BGLKX Long TermPairCorr
  0.7BGPKX Eafe PurePairCorr
  0.7BGPFX Baillie Gifford EafePairCorr
  0.77BICKX 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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