Global Alpha Correlations

Mutual Funds . USA . 
Fund . The Global Alpha
BGAKX Fund  USD 18.05  0.10  0.56%   
The current 90-days correlation between Global Alpha and The Eafe Pure is 0.7 (i.e., Poor diversification). The correlation of Global Alpha 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.

Global Alpha Correlation With Market

Good diversification

The correlation between The Global Alpha and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Global Alpha 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 The Global Alpha. 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 industry.

Moving together with Global Mutual Fund

  0.95BSGPX Eafe PurePairCorr
  0.99BSGLX Long Term Steady GrowthPairCorr
  0.97BTLSX Baillie Gifford IntePairCorr
  0.97BTLKX Baillie Gifford IntePairCorr
  0.69BGALX Baillie Gifford GlobalPairCorr
  1.0BGASX Global AlphaPairCorr
  1.0BGATX Baillie Gifford GlobalPairCorr
  0.96BGCWX Baillie Gifford EafePairCorr
  0.96BGCSX Eafe ChoicePairCorr
  0.95BGCJX Baillie Gifford EafePairCorr
  0.9BGCDX Baillie Gifford China Steady GrowthPairCorr
  0.9BGCBX Baillie Gifford China Steady GrowthPairCorr
  0.99BGEZX Baillie Gifford EmergingPairCorr
  0.99BGEWX Baillie Gifford EmergingPairCorr
  0.99BGEVX Baillie Gifford EafePairCorr
  0.99BGESX Eafe FundPairCorr
  0.97BGETX Baillie Gifford EafePairCorr
  0.99BGEPX Baillie Gifford EmergingPairCorr
  0.99BGEKX Eafe FundPairCorr
  0.98BGELX Emerging MarketsPairCorr
  0.99BGEHX Baillie Gifford EmergingPairCorr
  0.99BGEFX Baillie Gifford EafePairCorr
  0.98BGEDX Baillie Gifford EmergingPairCorr
  0.99BGGSX Equity GrowthPairCorr
  0.99BGGKX Equity GrowthPairCorr
  0.96BGIVX Baillie Gifford IntePairCorr
  0.96BGITX Baillie Gifford IntePairCorr
  0.99BGKEX Emerging MarketsPairCorr
  0.99BGLTX Baillie Gifford Steady GrowthPairCorr
  0.99BGLKX Long Term Steady GrowthPairCorr
  0.93BGPKX Eafe PurePairCorr
  0.9BICKX The International SmallerPairCorr
  0.96BINSX The International EquityPairCorr
  0.96BKGCX Eafe ChoicePairCorr
  1.0FNFPX American Funds NewPairCorr
  0.99FFPNX American Funds NewPairCorr
  0.99NPFCX New PerspectivePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Alpha 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 Global Alpha'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BSGPX  0.60  0.18  0.04 (1.59) 0.50 
(0.72)
 1.51 
(1.11)
 4.16 
BSGLX  0.91  0.39  0.25 (5.96) 0.52 
(1.10)
 2.80 
(1.47)
 5.23 
BTLSX  0.81  0.30  0.17 (3.70) 0.49 
(0.94)
 2.59 
(1.52)
 4.52 
BTLKX  0.81  0.30  0.17 (4.45) 0.48 
(0.90)
 2.55 
(1.42)
 4.52 
BGAKX  0.70  0.30  0.18 (3.92) 0.42 
(0.85)
 2.18 
(1.35)
 5.63 
BGALX  0.22  0.04  0.00  1.79  0.00 
 0.00 
 0.56 
 0.00 
 2.51 
BGASX  0.70  0.30  0.18 (3.86) 0.44 
(0.83)
 2.11 
(1.35)
 5.62 
BGATX  0.70  0.30  0.18 (3.83) 0.41 
(0.84)
 2.16 
(1.40)
 5.66 
BGCWX  0.58  0.19  0.06 (1.77) 0.46 
(0.68)
 1.57 
(1.11)
 3.93 
BGCSX  0.57  0.19  0.06 (1.86) 0.44 
(0.67)
 1.49 
(1.11)
 3.94 

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
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY