Eafe Fund Correlations

Mutual Funds USA . 
Fund . The Eafe Fund
BGESX Fund  USD 14.32  0.01  0.07%   
The current 90-days correlation between Eafe Fund and The Eafe Pure is -0.33 (i.e., Very good diversification). The correlation of Eafe Fund 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 Fund Correlation With Market

Very poor diversification

The correlation between The Eafe Fund and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Eafe Fund 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 Fund. 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

  0.97BSGLX Long TermPairCorr
  1.0BTLSX Baillie Gifford IntePairCorr
  0.97BTLKX Baillie Gifford IntePairCorr
  0.78BGALX Baillie Gifford GlobalPairCorr
  0.96BGCWX Baillie Gifford EafePairCorr
  0.96BGCJX Baillie Gifford EafePairCorr
  0.93BGCDX Baillie Gifford ChinaPairCorr
  0.93BGCBX Baillie Gifford ChinaPairCorr
  0.96BGEWX Baillie Gifford EmergingPairCorr
  0.98BGEVX Baillie Gifford EafePairCorr
  0.98BGETX Baillie Gifford EafePairCorr
  0.99BGEPX Baillie Gifford EmergingPairCorr
  0.98BGEKX Eafe FundPairCorr
  0.99BGELX Emerging MarketsPairCorr
  0.97BGEGX Baillie Gifford EmergingPairCorr
  0.98BGEFX Baillie Gifford EafePairCorr
  0.97BGEDX Baillie Gifford EmergingPairCorr
  0.96BGGKX Equity GrowthPairCorr
  0.97BGIUX Baillie Gifford IntePairCorr
  0.97BGIVX Baillie Gifford IntePairCorr
  0.97BGITX Baillie Gifford IntePairCorr
  0.97BGIKX The International EquityPairCorr
  0.97BGIFX Baillie Gifford IntePairCorr
  0.97BGKEX Emerging MarketsPairCorr
  0.97BGLTX Baillie GiffordPairCorr
  0.97BGLKX Long TermPairCorr
  0.95BGPKX Eafe PurePairCorr
  0.95BGPFX Baillie Gifford EafePairCorr
  0.94BICKX The International SmallerPairCorr
  0.94BICIX The International SmallerPairCorr
  0.97BINSX The International EquityPairCorr
  0.97RERFX Europacific GrowthPairCorr
  0.99AEPFX Europacific GrowthPairCorr
  0.97CEUAX Europacific GrowthPairCorr
  0.99CEUCX Europacific GrowthPairCorr
  0.99RERCX Europacific GrowthPairCorr
  0.99REREX Europacific GrowthPairCorr
  0.97RERGX Europacific GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Eafe Mutual Fund performing well and Eafe Fund 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 Fund'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BSGPX  0.73  0.34  0.03 (1.11) 0.37 
(0.94)
 1.66 
(1.11)
 8.50 
BSGLX  1.15  0.54  0.14 (1.06) 0.77 
(1.39)
 3.06 
(1.59)
 15.17 
BTLSX  1.06  0.12  0.13  0.36  0.67 
(1.26)
 2.80 
(1.56)
 14.31 
BTLKX  1.07  0.48  0.11 (1.09) 0.72 
(1.23)
 2.75 
(1.54)
 14.36 
BGAKX  0.93  0.12  0.12  0.36  0.60 
(1.11)
 2.40 
(1.72)
 13.21 
BGALX  0.55  0.22  0.00 (0.44) 0.00 
 0.00 
 2.10 
(1.45)
 13.18 
BGASX  0.94  0.47  0.10 (0.98) 0.68 
(1.11)
 2.40 
(1.72)
 13.12 
BGATX  0.94  0.47  0.10 (0.98) 0.69 
(1.14)
 2.38 
(1.71)
 13.19 
BGCWX  0.72  0.35  0.05 (1.19) 0.25 
(0.89)
 1.76 
(1.11)
 8.42 
BGCSX  0.70  0.12  0.05  0.44  0.23 
(0.88)
 1.76 
(1.11)
 8.36 

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