Baillie Gifford Correlations

Mutual Funds . USA . 
Fund . Baillie Gifford International
BGIFX Fund  USD 14.06  0.05  0.36%   
The current 90-days correlation between Baillie Gifford Inte and The Long Term is 0.7 (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

Significant diversification

The correlation between Baillie Gifford International and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baillie Gifford International 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 International. 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 census.

Moving together with Baillie Mutual Fund

  0.94BSGPX Eafe PurePairCorr
  0.91BGCWX Baillie Gifford EafePairCorr
  0.91BGCSX Eafe ChoicePairCorr
  0.9BGCJX Baillie Gifford EafePairCorr
  0.91BGEZX Baillie Gifford EmergingPairCorr
  0.91BGEWX Baillie Gifford EmergingPairCorr
  0.62BGEUX Baillie Gifford EafePairCorr
  0.64BGEVX Baillie Gifford EafePairCorr
  0.66BGESX Eafe FundPairCorr
  0.64BGETX Baillie Gifford EafePairCorr
  0.87BGEPX Baillie Gifford EmergingPairCorr
  0.68BGEKX Eafe FundPairCorr
  0.87BGELX Emerging MarketsPairCorr
  0.89BGEGX Baillie Gifford EmergingPairCorr
  0.89BGEHX Baillie Gifford EmergingPairCorr
  0.64BGEFX Baillie Gifford EafePairCorr
  0.87BGEDX Baillie Gifford EmergingPairCorr
  1.0BGIUX Baillie Gifford IntePairCorr
  0.92BGIVX Baillie Gifford IntePairCorr
  0.92BGITX Baillie Gifford IntePairCorr
  0.93BGIKX The International EquityPairCorr
  0.89BGKEX Emerging MarketsPairCorr

Moving against Baillie Mutual Fund

  0.31BGGSX Equity GrowthPairCorr

Related Correlations Analysis

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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   
BGCSX
+ 1.0
BGCWX
BGALX
+ 0.98
BGAKX
BCANX
+ 0.86
BTLKX
BGALX
+ 0.82
BSGLX
BGAKX
+ 0.82
BTLKX
BGALX
+ 0.81
BTLKX
  
High negative correlations   
BGCSX
- 0.36
BSGLX
BGCWX
- 0.35
BSGLX
BGCSX
- 0.07
BCANX
BGCWX
- 0.05
BCANX

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.

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