Baillie Gifford Correlations

BGEDX Fund  USD 23.89  0.09  0.38%   
The current 90-days correlation between Baillie Gifford Emerging and Global Gold Fund is 0.24 (i.e., Modest 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

Very poor diversification

The correlation between Baillie Gifford Emerging and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baillie Gifford Emerging 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 Emerging. 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

  0.95BSGPX Eafe PurePairCorr
  0.97BSGLX Long TermPairCorr
  0.96BTLSX Baillie Gifford IntePairCorr
  0.96BTLKX Baillie Gifford IntePairCorr
  0.99BGAKX Global AlphaPairCorr
  0.75BGALX Baillie Gifford GlobalPairCorr
  0.99BGASX Global AlphaPairCorr
  0.99BGATX Baillie Gifford GlobalPairCorr
  0.96BGCWX Baillie Gifford EafePairCorr
  0.96BGCSX Eafe ChoicePairCorr
  0.96BGCJX Baillie Gifford EafePairCorr
  0.89BGCDX Baillie Gifford ChinaPairCorr
  0.89BGCBX Baillie Gifford ChinaPairCorr
  0.99BGEZX Baillie Gifford EmergingPairCorr
  0.99BGEWX Baillie Gifford EmergingPairCorr
  0.98BGEVX Baillie Gifford EafePairCorr
  0.98BGESX Eafe FundPairCorr
  0.98BGETX Baillie Gifford EafePairCorr
  1.0BGEPX Baillie Gifford EmergingPairCorr
  0.98BGEKX Eafe FundPairCorr
  1.0BGELX Emerging MarketsPairCorr
  1.0BGEGX Baillie Gifford EmergingPairCorr
  1.0BGEHX Baillie Gifford EmergingPairCorr
  0.98BGEFX Baillie Gifford EafePairCorr
  0.97BGGSX Equity GrowthPairCorr
  0.98BGGKX Equity GrowthPairCorr
  0.96BGIUX Baillie Gifford IntePairCorr
  0.96BGIVX Baillie Gifford IntePairCorr
  0.96BGITX Baillie Gifford IntePairCorr
  0.96BGIFX Baillie Gifford IntePairCorr
  1.0BGKEX Emerging MarketsPairCorr
  0.97BGLTX Baillie GiffordPairCorr
  0.95BGPKX Eafe PurePairCorr
  0.95BGPFX Baillie Gifford EafePairCorr
  0.91BICKX The International SmallerPairCorr
  0.9BICIX The International SmallerPairCorr
  0.96BINSX The International EquityPairCorr

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.