Long Term Correlations

Mutual Funds . USA . 
Fund . The Long Term
BGLKX Fund  USD 38.30  0.34  0.88%   
The current 90-days correlation between Long Term and Franklin Moderate Allocation is 0.04 (i.e., Significant diversification). The correlation of Long Term 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.

Long Term Correlation With Market

Poor diversification

The correlation between The Long Term and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Long Term 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 Long Term. 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 industry.

Moving together with Long Mutual Fund

  0.94BSGPX Eafe PurePairCorr
  0.99BSGLX Long TermPairCorr
  0.97BTLSX Baillie Gifford IntePairCorr
  0.97BTLKX Baillie Gifford IntePairCorr
  0.97BGAKX Global AlphaPairCorr
  0.68BGALX Baillie Gifford GlobalPairCorr
  0.97BGASX Global AlphaPairCorr
  0.97BGATX Baillie Gifford GlobalPairCorr
  0.95BGCWX Baillie Gifford EafePairCorr
  0.95BGCSX Eafe ChoicePairCorr
  0.96BGCJX Baillie Gifford EafePairCorr
  0.89BGCDX Baillie Gifford ChinaPairCorr
  0.89BGCBX Baillie Gifford ChinaPairCorr
  0.96BGEWX Baillie Gifford EmergingPairCorr
  0.98BGEVX Baillie Gifford EafePairCorr
  0.98BGESX Eafe FundPairCorr
  0.98BGETX Baillie Gifford EafePairCorr
  0.97BGEPX Baillie Gifford EmergingPairCorr
  0.98BGEKX Eafe FundPairCorr
  0.97BGELX Emerging MarketsPairCorr
  0.97BGEGX Baillie Gifford EmergingPairCorr
  0.97BGEHX Baillie Gifford EmergingPairCorr
  0.99BGEFX Baillie Gifford EafePairCorr
  0.97BGEDX Baillie Gifford EmergingPairCorr
  0.98BGGSX Equity GrowthPairCorr
  0.98BGGKX Equity GrowthPairCorr
  0.96BGIUX Baillie Gifford IntePairCorr
  0.98BGIVX Baillie Gifford IntePairCorr
  0.98BGITX Baillie Gifford IntePairCorr
  0.96BGIKX The International EquityPairCorr
  0.98BGIFX Baillie Gifford IntePairCorr
  0.97BGKEX Emerging MarketsPairCorr
  0.99BGLTX Baillie GiffordPairCorr
  0.93BGPKX Eafe PurePairCorr
  0.94BICKX The International SmallerPairCorr
  0.93BICIX The International SmallerPairCorr
  0.96BINSX The International EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Long Mutual Fund performing well and Long Term 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 Long Term'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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