Baillie Gifford Correlations
| BGHBX Fund | USD 5.46 0.36 6.19% |
The current 90-days correlation between Baillie Gifford Health and Maryland Tax Free Bond is 0.16 (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 Health and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baillie Gifford Health and DJI in the same portfolio, assuming nothing else is changed.
Baillie |
Moving together with Baillie Mutual Fund
| 0.72 | BSGPX | Eafe Pure | PairCorr |
| 0.68 | BGCWX | Baillie Gifford Eafe | PairCorr |
| 0.7 | BGCSX | Eafe Choice | PairCorr |
| 0.67 | BGCJX | Baillie Gifford Eafe | PairCorr |
| 1.0 | BGHDX | Baillie Gifford Health | PairCorr |
Moving against Baillie Mutual Fund
| 0.62 | BGGKX | Equity Growth | PairCorr |
| 0.59 | BGGSX | Equity Growth | PairCorr |
| 0.57 | BSGLX | Long Term | PairCorr |
| 0.42 | BCANX | Baillie Gifford China | PairCorr |
| 0.42 | BCAKX | Baillie Gifford China | PairCorr |
| 0.56 | BGLTX | Baillie Gifford | PairCorr |
| 0.55 | BGLKX | Long Term | PairCorr |
| 0.52 | VTSAX | Vanguard Total Stock | PairCorr |
| 0.43 | BGUKX | Baillie Gifford Discovery | PairCorr |
| 0.43 | BGUIX | Baillie Gifford Discovery | PairCorr |
Related Correlations Analysis
| 0.37 | 0.92 | 0.47 | 0.09 | 0.85 | TFBIX | ||
| 0.37 | 0.19 | 0.4 | 0.68 | 0.43 | GMOZX | ||
| 0.92 | 0.19 | 0.52 | -0.1 | 0.76 | LTXFX | ||
| 0.47 | 0.4 | 0.52 | 0.07 | 0.41 | TPYYX | ||
| 0.09 | 0.68 | -0.1 | 0.07 | 0.12 | XFINX | ||
| 0.85 | 0.43 | 0.76 | 0.41 | 0.12 | USCBX | ||
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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
| High negative correlations
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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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TFBIX | 0.16 | 0.01 | (0.23) | 0.28 | 0.20 | 0.40 | 1.58 | |||
| GMOZX | 0.13 | 0.01 | (0.40) | 0.19 | 0.00 | 0.28 | 0.72 | |||
| LTXFX | 0.09 | 0.00 | (0.42) | 0.05 | 0.11 | 0.20 | 0.78 | |||
| TPYYX | 0.70 | 0.03 | (0.08) | (0.29) | 0.95 | 1.40 | 5.39 | |||
| XFINX | 0.11 | 0.02 | (0.22) | 1.03 | 0.14 | 0.22 | 1.00 | |||
| USCBX | 0.16 | 0.02 | (0.21) | (0.09) | 0.22 | 0.39 | 1.74 |