Eafe Pure Correlations

Mutual Funds . USA . 
Fund . The Eafe Pure
BSGPX Fund  USD 13.52  0.06  0.45%   
The current 90-days correlation between Eafe Pure and The Long Term is 0.55 (i.e., Very weak diversification). The correlation of Eafe Pure 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.

Eafe Pure Correlation With Market

Good diversification

The correlation between The Eafe Pure and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Eafe Pure 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 Eafe Pure. 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 american community survey.

Moving together with Eafe Mutual Fund

  0.95BSGLX Long TermPairCorr
  0.97BTLSX Baillie Gifford IntePairCorr
  0.97BTLKX Baillie Gifford IntePairCorr
  0.72BGALX Baillie Gifford GlobalPairCorr
  1.0BGCWX Baillie Gifford EafePairCorr
  0.96BGCJX Baillie Gifford EafePairCorr
  0.88BGCDX Baillie Gifford ChinaPairCorr
  0.88BGCBX Baillie Gifford ChinaPairCorr
  0.92BGEWX Baillie Gifford EmergingPairCorr
  0.95BGEVX Baillie Gifford EafePairCorr
  0.98BGETX Baillie Gifford EafePairCorr
  0.91BGEPX Baillie Gifford EmergingPairCorr
  0.98BGEKX Eafe FundPairCorr
  0.93BGELX Emerging MarketsPairCorr
  0.93BGEGX Baillie Gifford EmergingPairCorr
  0.95BGEFX Baillie Gifford EafePairCorr
  0.91BGEDX Baillie Gifford EmergingPairCorr
  0.94BGGKX Equity GrowthPairCorr
  0.99BGIUX Baillie Gifford IntePairCorr
  0.96BGIVX Baillie Gifford IntePairCorr
  0.96BGITX Baillie Gifford IntePairCorr
  0.98BGIKX The International EquityPairCorr
  0.96BGIFX Baillie Gifford IntePairCorr
  0.91BGKEX Emerging MarketsPairCorr
  0.95BGLTX Baillie GiffordPairCorr
  0.94BGLKX Long TermPairCorr
  0.96BGPKX Eafe PurePairCorr
  0.96BGPFX Baillie Gifford EafePairCorr
  0.94BICKX The International SmallerPairCorr
  0.93BICIX The International SmallerPairCorr
  0.99BINSX The International EquityPairCorr
  0.95RERFX Europacific GrowthPairCorr
  0.95AEPFX Europacific GrowthPairCorr
  0.97CEUAX Europacific GrowthPairCorr
  0.95CEUCX Europacific GrowthPairCorr
  0.95RERCX Europacific GrowthPairCorr
  0.95REREX Europacific GrowthPairCorr
  0.95RERGX Europacific GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Eafe Mutual Fund performing well and Eafe Pure 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 Eafe Pure'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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