Eafe Choice Correlations

Mutual Funds . USA . 
Fund . The Eafe Choice
BGCSX Fund  USD 15.86  0.02  0.13%   
The current 90-days correlation between Eafe Choice and Nuveen Winslow Large Cap is 0.04 (i.e., Significant diversification). The correlation of Eafe Choice 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.

Eafe Choice Correlation With Market

Good diversification

The correlation between The Eafe Choice 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 The Eafe Choice 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 Eafe Choice. 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 state.

Moving together with Eafe Mutual Fund

  0.96BSGPX Eafe PurePairCorr
  0.93BSGLX Long TermPairCorr
  0.94BTLSX Baillie Gifford IntePairCorr
  0.94BTLKX Baillie Gifford IntePairCorr
  0.77BGALX Baillie Gifford GlobalPairCorr
  0.95BGASX Global AlphaPairCorr
  0.95BGATX Baillie Gifford GlobalPairCorr
  1.0BGCWX Baillie Gifford EafePairCorr
  0.96BGCJX Baillie Gifford EafePairCorr
  0.84BGCDX Baillie Gifford ChinaPairCorr
  0.84BGCBX Baillie Gifford ChinaPairCorr
  0.93BGEZX Baillie Gifford EmergingPairCorr
  0.96BGEWX Baillie Gifford EmergingPairCorr
  0.95BGEVX Baillie Gifford EafePairCorr
  0.95BGESX Eafe FundPairCorr
  0.95BGETX Baillie Gifford EafePairCorr
  0.96BGEPX Baillie Gifford EmergingPairCorr
  0.95BGEKX Eafe FundPairCorr
  0.96BGELX Emerging MarketsPairCorr
  0.95BGEGX Baillie Gifford EmergingPairCorr
  0.96BGEDX Baillie Gifford EmergingPairCorr
  0.91BGGSX Equity GrowthPairCorr
  0.94BGGKX Equity GrowthPairCorr
  0.99BGIUX Baillie Gifford IntePairCorr
  0.99BGIVX Baillie Gifford IntePairCorr
  0.99BGITX Baillie Gifford IntePairCorr
  0.95BGKEX Emerging MarketsPairCorr
  0.96BGLKX Long TermPairCorr
  0.96BGPKX Eafe PurePairCorr
  0.96BGPFX Baillie Gifford EafePairCorr
  0.97BICKX The International SmallerPairCorr
  0.97BICIX The International SmallerPairCorr
  0.96BINSX The International EquityPairCorr
  1.0BKGCX Eafe ChoicePairCorr
  0.96RERFX Europacific GrowthPairCorr
  0.96AEPFX Europacific GrowthPairCorr
  0.99CEUAX Europacific GrowthPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
TRBCX
+ 1.0
NWCAX
AMONX
+ 1.0
LGPSX
LGPSX
+ 0.97
NWCAX
AMONX
+ 0.96
NWCAX
TRBCX
+ 0.96
LGPSX
AMONX
+ 0.96
TRBCX
  
High negative correlations   
LSAAX
- 0.11
TRBCX
LSAAX
- 0.11
NWCAX
AMONX
- 0.09
LSAAX
LSAIX
- 0.06
TRBCX
LSAAX
- 0.06
LGPSX
LSAIX
- 0.06
NWCAX

Risk-Adjusted Indicators

There is a big difference between Eafe Mutual Fund performing well and Eafe Choice 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 Eafe Choice'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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