Baillie Gifford Correlations

BGCDX Fund

USD 6.08 0.01 0.16%

The current 90-days correlation between Baillie Gifford China and California Municipal Portfolio is 0.05 (i.e., Significant 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

Good diversification

The correlation between Baillie Gifford China and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baillie Gifford China 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 China. 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 unemployment.

Moving together with Baillie Mutual Fund

0.94	BSGPX	Eafe Pure	Pair Corr
0.91	BSGLX	Long Term	Pair Corr
0.93	BTLSX	Baillie Gifford Inte	Pair Corr
0.93	BTLKX	Baillie Gifford Inte	Pair Corr
0.89	BGAKX	Global Alpha	Pair Corr
0.79	BGALX	Baillie Gifford Global	Pair Corr
0.89	BGASX	Global Alpha	Pair Corr
0.89	BGATX	Baillie Gifford Global	Pair Corr
0.93	BGCWX	Baillie Gifford Eafe	Pair Corr
0.93	BGCSX	Eafe Choice	Pair Corr
0.95	BGCJX	Baillie Gifford Eafe	Pair Corr
0.94	BGCBX	Baillie Gifford China Steady Growth	Pair Corr
0.9	BGEZX	Baillie Gifford Emerging	Pair Corr
0.9	BGEWX	Baillie Gifford Emerging	Pair Corr
0.93	BGEVX	Baillie Gifford Eafe	Pair Corr
0.94	BGESX	Eafe Fund	Pair Corr
0.93	BGETX	Baillie Gifford Eafe	Pair Corr
0.92	BGEPX	Baillie Gifford Emerging	Pair Corr
0.93	BGEKX	Eafe Fund	Pair Corr
0.92	BGELX	Emerging Markets	Pair Corr
0.92	BGEGX	Baillie Gifford Emerging	Pair Corr
0.92	BGEHX	Baillie Gifford Emerging	Pair Corr
0.93	BGEFX	Baillie Gifford Eafe	Pair Corr
0.92	BGEDX	Baillie Gifford Emerging	Pair Corr
0.89	BGGSX	Equity Growth	Pair Corr
0.89	BGGKX	Equity Growth	Pair Corr
0.93	BGIUX	Baillie Gifford Inte	Pair Corr
0.92	BGIVX	Baillie Gifford Inte	Pair Corr
0.92	BGITX	Baillie Gifford Inte	Pair Corr
0.92	BGIKX	The International Equity	Pair Corr
0.92	BGIFX	Baillie Gifford Inte	Pair Corr
0.92	BGKEX	Emerging Markets	Pair Corr
0.91	BGLTX	Baillie Gifford	Pair Corr
0.91	BGLKX	Long Term	Pair Corr
0.93	BGPKX	Eafe Pure	Pair Corr
0.93	BGPFX	Baillie Gifford Eafe	Pair Corr
0.9	BICKX	The International Smaller	Pair Corr

Moving against Baillie Mutual Fund

0.57	GPMFX	Guidepath Managed Futures	Pair Corr
0.56	PQTAX	Pimco Trends Managed	Pair Corr

Related Correlations Analysis

	SNCAX	PRVBX	ARTFX	TPYYX	BXHCX	PBNAX	SGYAX
SNCAX		0.9	0.94	0.86	0.95	0.93	0.95	SNCAX
PRVBX	0.9		0.82	0.66	0.85	0.95	0.87	PRVBX
ARTFX	0.94	0.82		0.95	1.0	0.86	0.98	ARTFX
TPYYX	0.86	0.66	0.95		0.93	0.74	0.91	TPYYX
BXHCX	0.95	0.85	1.0	0.93		0.89	0.99	BXHCX
PBNAX	0.93	0.95	0.86	0.74	0.89		0.9	PBNAX
SGYAX	0.95	0.87	0.98	0.91	0.99	0.9		SGYAX
	SNCAX	PRVBX	ARTFX	TPYYX	BXHCX	PBNAX	SGYAX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SNCAX	0.11	0.01	(0.59)	1.17	0.09	(0.13)	0.22	(0.15)	0.89
PRVBX	0.09	0.03	(0.96)	(1.74)	0.00	(0.11)	0.21	(0.17)	0.82
ARTFX	0.15	0.08	(0.54)	(2.37)	0.00	(0.24)	0.57	(0.11)	0.92
TPYYX	0.69	0.15	0.10	0.41	0.39	(0.87)	1.93	(1.10)	3.81
BXHCX	0.17	0.09	(0.40)	(2.43)	0.00	(0.27)	0.63	(0.13)	1.16
PBNAX	0.23	0.03	(0.48)	(0.86)	0.18	(0.25)	0.52	(0.42)	1.31
SGYAX	0.17	0.06	(0.43)	0.62	0.00	(0.31)	0.59	(0.14)	1.04

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