Baillie Gifford Correlations

BGEWX Fund

USD 9.54 0.08 0.85%

The current 90-days correlation between Baillie Gifford Emerging and Tekla Healthcare Opportunities is 0.1 (i.e., Average 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

Average diversification

The correlation between Baillie Gifford Emerging and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baillie Gifford Emerging 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 Emerging. 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 housing.

Moving together with Baillie Mutual Fund

0.84	BSGPX	Eafe Pure	Pair Corr
0.83	BGCWX	Baillie Gifford Eafe	Pair Corr
0.83	BGCSX	Eafe Choice	Pair Corr
0.84	BGCJX	Baillie Gifford Eafe	Pair Corr
1.0	BGEZX	Baillie Gifford Emerging	Pair Corr
0.81	BGEPX	Baillie Gifford Emerging	Pair Corr
0.81	BGELX	Emerging Markets	Pair Corr
0.84	BGEGX	Baillie Gifford Emerging	Pair Corr
0.84	BGEHX	Baillie Gifford Emerging	Pair Corr
0.81	BGEDX	Baillie Gifford Emerging	Pair Corr
0.9	BGIUX	Baillie Gifford Inte	Pair Corr
0.85	BGIVX	Baillie Gifford Inte	Pair Corr
0.85	BGITX	Baillie Gifford Inte	Pair Corr
0.85	BGIKX	The International Equity	Pair Corr
0.91	BGIFX	Baillie Gifford Inte	Pair Corr
0.84	BGKEX	Emerging Markets	Pair Corr

Moving against Baillie Mutual Fund

0.31	BGGSX	Equity Growth	Pair Corr
0.47	FSMMX	Fs Multi Strategy	Pair Corr

Related Correlations Analysis

	THQ	SHPCX	AHSCX	ETAHX	FHCCX	SHISX
THQ		0.43	0.32	0.61	0.76	0.81	THQ
SHPCX	0.43		0.6	0.56	0.81	0.84	SHPCX
AHSCX	0.32	0.6		0.69	0.66	0.53	AHSCX
ETAHX	0.61	0.56	0.69		0.74	0.64	ETAHX
FHCCX	0.76	0.81	0.66	0.74		0.89	FHCCX
SHISX	0.81	0.84	0.53	0.64	0.89		SHISX
	THQ	SHPCX	AHSCX	ETAHX	FHCCX	SHISX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
THQ	0.81	(0.12)	(0.08)	1.41	(1.67)	5.19
SHPCX	0.61	(0.16)	(0.19)	0.96	(1.23)	4.21
AHSCX	0.57	(0.07)	(0.04)	0.82	(1.25)	4.55
ETAHX	1.05	(0.18)	(0.06)	2.27	(2.32)	7.54
FHCCX	0.69	(0.10)	(0.04)	1.05	(1.31)	4.04
SHISX	0.58	(0.15)	(0.15)	0.90	(1.31)	3.38

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