Baillie Gifford Correlations

BGATX Fund

USD 18.90 0.19 1.02%

The current 90-days correlation between Baillie Gifford Global and Jpmorgan Diversified Fund is 0.73 (i.e., Poor 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 weak diversification

The correlation between Baillie Gifford Global and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baillie Gifford Global 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 Global. 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 estimate.

Moving together with Baillie Mutual Fund

0.87	BSGLX	Long Term	Pair Corr
0.87	BGAKX	Global Alpha	Pair Corr
1.0	BGASX	Global Alpha	Pair Corr
0.81	BGEUX	Baillie Gifford Eafe	Pair Corr
0.81	BGEVX	Baillie Gifford Eafe	Pair Corr
0.8	BGESX	Eafe Fund	Pair Corr
0.81	BGETX	Baillie Gifford Eafe	Pair Corr
0.81	BGEKX	Eafe Fund	Pair Corr
0.81	BGEFX	Baillie Gifford Eafe	Pair Corr
0.79	BGGSX	Equity Growth	Pair Corr
0.79	BGGKX	Equity Growth	Pair Corr
0.87	BGLTX	Baillie Gifford	Pair Corr
0.87	BGLKX	Long Term	Pair Corr
0.87	FNFPX	American Funds New	Pair Corr
0.87	FFPNX	American Funds New	Pair Corr
0.92	NPFCX	New Perspective	Pair Corr
0.93	ANWPX	New Perspective	Pair Corr
0.93	NPFFX	New Perspective	Pair Corr
0.93	CNPAX	New Perspective	Pair Corr
0.93	CNPEX	New Perspective	Pair Corr
0.93	CNPFX	New Perspective	Pair Corr
0.87	CNPCX	New Perspective	Pair Corr
0.87	RNPAX	New Perspective	Pair Corr

Moving against Baillie Mutual Fund

0.51

Coca Cola Fiscal Year End 11th of February 2025

Pair Corr

Related Correlations Analysis

	JPDVX	FZABX	WCAFX	LIGFX	TFCAX	PQCNX	BICPX
JPDVX		0.31	0.65	0.94	0.54	-0.08	0.66	JPDVX
FZABX	0.31		0.63	0.01	-0.46	0.66	0.6	FZABX
WCAFX	0.65	0.63		0.51	-0.1	0.66	0.97	WCAFX
LIGFX	0.94	0.01	0.51		0.7	-0.24	0.53	LIGFX
TFCAX	0.54	-0.46	-0.1	0.7		-0.61	0.0	TFCAX
PQCNX	-0.08	0.66	0.66	-0.24	-0.61		0.64	PQCNX
BICPX	0.66	0.6	0.97	0.53	0.0	0.64		BICPX
	JPDVX	FZABX	WCAFX	LIGFX	TFCAX	PQCNX	BICPX

Click cells to compare fundamentals

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BICPX	+ 0.97	WCAFX
LIGFX	+ 0.94	JPDVX
TFCAX	+ 0.7	LIGFX
BICPX	+ 0.66	JPDVX
PQCNX	+ 0.66	FZABX
PQCNX	+ 0.66	WCAFX

High negative correlations

PQCNX	- 0.61	TFCAX
TFCAX	- 0.46	FZABX
PQCNX	- 0.24	LIGFX
TFCAX	- 0.1	WCAFX
PQCNX	- 0.08	JPDVX
BICPX	- 0.0	TFCAX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JPDVX	0.37	0.00	(0.12)	0.12	0.33	(0.41)	0.86	(0.73)	2.56
FZABX	0.65	(0.05)	(0.13)	0.02	0.79	(0.65)	1.18	(1.19)	4.32
WCAFX	0.23	(0.01)	(0.31)	0.05	0.23	(0.27)	0.46	(0.45)	1.36
LIGFX	0.24	0.00	(0.28)	0.10	0.17	(0.28)	0.55	(0.43)	1.23
TFCAX	0.03	0.00	0.00	(0.62)	0.00	0.00	0.10	0.00	0.40
PQCNX	0.23	(0.04)	0.00	(0.40)	0.00	0.00	0.35	(0.69)	1.40
BICPX	0.20	0.00	(0.37)	0.15	0.10	(0.31)	0.52	(0.43)	1.21

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