Baillie Gifford Correlations

BGPTX Fund

USD 13.23 0.06 0.46%

The current 90-days correlation between Baillie Gifford Eafe and Franklin Adjustable Government is 0.04 (i.e., Significant 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

Weak diversification

The correlation between Baillie Gifford Eafe and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baillie Gifford Eafe 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 Eafe. 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

0.93	BSGPX	Eafe Pure	Pair Corr
1.0	BGCWX	Baillie Gifford Eafe	Pair Corr
0.99	BGCSX	Eafe Choice	Pair Corr
1.0	BGCJX	Baillie Gifford Eafe	Pair Corr
0.8	BGEZX	Baillie Gifford Emerging	Pair Corr
0.8	BGEWX	Baillie Gifford Emerging	Pair Corr
0.79	BGEPX	Baillie Gifford Emerging	Pair Corr
0.79	BGELX	Emerging Markets	Pair Corr
0.7	BGEGX	Baillie Gifford Emerging	Pair Corr
0.79	BGEHX	Baillie Gifford Emerging	Pair Corr
0.79	BGEDX	Baillie Gifford Emerging	Pair Corr
0.66	BGHDX	Baillie Gifford Health	Pair Corr
0.74	BGHBX	Baillie Gifford Health	Pair Corr
0.97	BGIUX	Baillie Gifford Inte	Pair Corr
0.97	BGIVX	Baillie Gifford Inte	Pair Corr
0.89	BGITX	Baillie Gifford Inte	Pair Corr
0.97	BGIKX	The International Equity	Pair Corr
0.97	BGIFX	Baillie Gifford Inte	Pair Corr
0.79	BGKEX	Emerging Markets	Pair Corr

Moving against Baillie Mutual Fund

0.42	BSGLX	Long Term	Pair Corr
0.4	BCANX	Baillie Gifford China	Pair Corr
0.4	BCAKX	Baillie Gifford China	Pair Corr
0.55	BGGSX	Equity Growth	Pair Corr
0.55	BGGKX	Equity Growth	Pair Corr
0.43	BGLTX	Baillie Gifford	Pair Corr
0.42	BGLKX	Long Term	Pair Corr

Related Correlations Analysis

	FISAX	DIPXX	PFGAX	TWACX	RYAQX	SNGYX	HUMXX	SMAAX
FISAX		-0.39	0.66	0.72	-0.61	0.67	0.0	0.6	FISAX
DIPXX	-0.39		-0.79	-0.75	0.79	-0.79	0.0	-0.46	DIPXX
PFGAX	0.66	-0.79		0.95	-0.96	0.98	0.0	0.78	PFGAX
TWACX	0.72	-0.75	0.95		-0.95	0.96	0.0	0.74	TWACX
RYAQX	-0.61	0.79	-0.96	-0.95		-0.95	0.0	-0.79	RYAQX
SNGYX	0.67	-0.79	0.98	0.96	-0.95		0.0	0.8	SNGYX
HUMXX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	HUMXX
SMAAX	0.6	-0.46	0.78	0.74	-0.79	0.8	0.0		SMAAX
	FISAX	DIPXX	PFGAX	TWACX	RYAQX	SNGYX	HUMXX	SMAAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

SNGYX	+ 0.98	PFGAX
SNGYX	+ 0.96	TWACX
TWACX	+ 0.95	PFGAX
SMAAX	+ 0.8	SNGYX
RYAQX	+ 0.79	DIPXX
SMAAX	+ 0.78	PFGAX

High negative correlations

RYAQX	- 0.96	PFGAX
SNGYX	- 0.95	RYAQX
RYAQX	- 0.95	TWACX
SMAAX	- 0.79	RYAQX
SNGYX	- 0.79	DIPXX
PFGAX	- 0.79	DIPXX

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
FISAX	0.06	(0.01)	0.00	0.47	0.00	0.00	0.13	(0.13)	0.66
DIPXX	0.03	0.01	0.00	(2.12)	0.00	0.00	0.00	0.00	1.01
PFGAX	0.58	(0.10)	0.00	1.03	0.00	0.00	1.14	(1.36)	3.51
TWACX	0.07	(0.02)	0.00	1.76	0.00	0.00	0.11	(0.11)	0.56
RYAQX	0.60	0.12	0.00	(1.26)	0.59	(0.71)	1.52	(1.17)	5.23
SNGYX	0.16	(0.03)	0.00	9.37	0.00	0.00	0.29	(0.29)	0.96
HUMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMAAX	0.12	(0.01)	(0.41)	(0.15)	0.18	(0.17)	0.20	(0.30)	0.99

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC