Eafe Choice Correlations

Mutual Funds USA . 
Fund . The Eafe Choice
BKGCX Fund  USD 15.67  0.09  0.58%   
The current 90-days correlation between Eafe Choice and The Eafe Pure is 0.99 (i.e., No risk reduction). 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 -0.12 (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 main economic indicators.

Moving together with Eafe Mutual Fund

  0.97BSGLX Long Term Steady GrowthPairCorr
  0.98BTLSX Baillie Gifford IntePairCorr
  0.98BTLKX Baillie Gifford IntePairCorr
  0.76BGALX Baillie Gifford GlobalPairCorr
  1.0BGCWX Baillie Gifford EafePairCorr
  0.97BGCJX Baillie Gifford EafePairCorr
  0.92BGCDX Baillie Gifford China Steady GrowthPairCorr
  0.93BGCBX Baillie Gifford China Steady GrowthPairCorr
  0.95BGEWX Baillie Gifford EmergingPairCorr
  0.99BGEVX Baillie Gifford EafePairCorr
  0.97BGETX Baillie Gifford EafePairCorr
  0.96BGEPX Baillie Gifford EmergingPairCorr
  0.99BGEKX Eafe FundPairCorr
  0.94BGELX Emerging MarketsPairCorr
  0.95BGEGX Baillie Gifford EmergingPairCorr
  0.99BGEFX Baillie Gifford EafePairCorr
  0.94BGEDX Baillie Gifford EmergingPairCorr
  0.96BGGKX Equity GrowthPairCorr
  0.99BGIUX Baillie Gifford IntePairCorr
  0.97BGIVX Baillie Gifford IntePairCorr
  0.97BGITX Baillie Gifford IntePairCorr
  0.98BGIKX The International EquityPairCorr
  0.99BGIFX Baillie Gifford IntePairCorr
  0.96BGKEX Emerging MarketsPairCorr
  0.97BGLTX Baillie Gifford Steady GrowthPairCorr
  0.97BGLKX Long Term Steady GrowthPairCorr
  0.97BGPKX Eafe PurePairCorr
  1.0BGPFX Baillie Gifford EafePairCorr
  0.96BICKX The International SmallerPairCorr
  0.94BICIX The International SmallerPairCorr
  0.97BINSX The International EquityPairCorr
  0.97RERFX Europacific GrowthPairCorr
  0.97AEPFX Europacific GrowthPairCorr
  0.98CEUAX Europacific GrowthPairCorr
  0.97CEUCX Europacific GrowthPairCorr
  0.97RERCX Europacific GrowthPairCorr
  0.97REREX 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 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BSGPX  0.60  0.18  0.04 (1.59) 0.50 
(0.72)
 1.51 
(1.11)
 4.16 
BSGLX  0.91  0.39  0.25 (5.96) 0.52 
(1.10)
 2.80 
(1.47)
 5.23 
BTLSX  0.81  0.30  0.17 (3.70) 0.49 
(0.94)
 2.59 
(1.52)
 4.52 
BTLKX  0.81  0.30  0.17 (4.45) 0.48 
(0.90)
 2.55 
(1.42)
 4.52 
BGAKX  0.70  0.30  0.18 (3.92) 0.42 
(0.85)
 2.18 
(1.35)
 5.63 
BGALX  0.22  0.04  0.00  1.79  0.00 
 0.00 
 0.56 
 0.00 
 2.51 
BGASX  0.70  0.30  0.18 (3.86) 0.44 
(0.83)
 2.11 
(1.35)
 5.62 
BGATX  0.70  0.30  0.18 (3.83) 0.41 
(0.84)
 2.16 
(1.40)
 5.66 
BGCWX  0.58  0.19  0.06 (1.77) 0.46 
(0.68)
 1.57 
(1.11)
 3.93 
BGCSX  0.57  0.19  0.06 (1.86) 0.44 
(0.67)
 1.49 
(1.11)
 3.94 

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