Eafe Pure Correlations

Mutual Funds . USA . 
Fund . The Eafe Pure
BGPKX Fund  USD 13.72  0.08  0.59%   
The current 90-days correlation between Eafe Pure and The Eafe Pure is -0.2 (i.e., Good diversification). The correlation of Eafe Pure 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 Pure Correlation With Market

Very weak diversification

The correlation between The Eafe Pure and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Eafe Pure 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 Pure. 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 Eafe Mutual Fund

  0.94BSGLX Long TermPairCorr
  0.97BTLSX Baillie Gifford IntePairCorr
  0.97BTLKX Baillie Gifford IntePairCorr
  0.75BGALX Baillie Gifford GlobalPairCorr
  1.0BGCWX Baillie Gifford EafePairCorr
  0.97BGCJX Baillie Gifford EafePairCorr
  0.93BGCDX Baillie Gifford China Steady GrowthPairCorr
  0.93BGCBX Baillie Gifford China Steady GrowthPairCorr
  0.92BGEWX Baillie Gifford EmergingPairCorr
  0.98BGEVX Baillie Gifford EafePairCorr
  0.98BGETX Baillie Gifford EafePairCorr
  0.95BGEPX Baillie Gifford EmergingPairCorr
  0.98BGEKX Eafe FundPairCorr
  0.95BGELX Emerging MarketsPairCorr
  0.95BGEGX Baillie Gifford EmergingPairCorr
  0.98BGEFX Baillie Gifford EafePairCorr
  0.95BGEDX Baillie Gifford EmergingPairCorr
  0.94BGGKX Equity GrowthPairCorr
  0.97BGIUX Baillie Gifford IntePairCorr
  0.99BGIVX Baillie Gifford IntePairCorr
  0.99BGITX Baillie Gifford IntePairCorr
  0.99BGIKX The International EquityPairCorr
  0.99BGIFX Baillie Gifford IntePairCorr
  0.95BGKEX Emerging MarketsPairCorr
  0.96BGLTX Baillie GiffordPairCorr
  0.94BGLKX Long TermPairCorr
  1.0BGPFX Baillie Gifford EafePairCorr
  0.96BICKX The International SmallerPairCorr
  0.95BICIX The International SmallerPairCorr
  0.99BINSX The International EquityPairCorr
  0.98RERFX Europacific GrowthPairCorr
  0.98AEPFX Europacific GrowthPairCorr
  0.96CEUAX Europacific GrowthPairCorr
  0.98CEUCX Europacific GrowthPairCorr
  0.98RERCX Europacific GrowthPairCorr
  0.98REREX Europacific GrowthPairCorr
  0.98RERGX 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 Pure 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 Pure'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  0.64  0.19  0.01 (1.80) 0.49 
(0.77)
 1.56 
(1.11)
 4.16 
BSGLX  0.97  0.34  0.12 (2.21) 0.89 
(1.12)
 2.80 
(1.59)
 5.23 
BTLSX  0.84  0.18  0.16  0.40  0.47 
(0.98)
 2.59 
(1.52)
 4.75 
BTLKX  0.84  0.19  0.16  0.40  0.46 
(0.94)
 2.55 
(1.42)
 4.81 
BGAKX  0.78  0.28  0.08 (1.72) 0.77 
(0.90)
 2.18 
(1.72)
 5.63 
BGALX  0.29  0.03  0.00 (0.48) 0.00 
 0.00 
 1.94 
(0.12)
 4.05 
BGASX  0.72  0.16  0.17  0.33  0.41 
(0.86)
 2.11 
(1.35)
 5.62 
BGATX  0.72  0.16  0.17  0.33  0.38 
(0.88)
 2.16 
(1.40)
 5.66 
BGCWX  0.60  0.12  0.05  0.40  0.41 
(0.72)
 1.59 
(1.11)
 4.04 
BGCSX  0.59  0.12  0.05  0.41  0.40 
(0.71)
 1.59 
(1.11)
 3.94 

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