Boston Partners Correlations

BPGIX Fund

USD 25.26 0.11 0.44%

The current 90-days correlation between Boston Partners Global and Pnc International Growth is 0.78 (i.e., Poor diversification). The correlation of Boston Partners 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.

Boston Partners Correlation With Market

Poor diversification

The correlation between Boston Partners Global and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boston Partners Global 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 Boston Partners Global. 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 gross domestic product.

Moving together with Boston Mutual Fund

0.91	BELSX	Boston Partners Emerging	Pair Corr
0.78	OPTCX	Rbb Fund	Pair Corr
0.97	BPGSX	Rbb Fund	Pair Corr
0.68	BPLEX	Boston Partners Longshort	Pair Corr
0.69	BPLSX	Boston Partners Longshort	Pair Corr
0.83	TEDRX	Franklin Mutual Global	Pair Corr
0.85	FMDRX	Franklin Mutual Global	Pair Corr
0.75	DOXWX	Dodge Cox Global	Pair Corr
0.74	DODWX	Dodge Global Stock	Pair Corr
0.83	TRZRX	T Rowe Price	Pair Corr
0.84	TEDIX	Franklin Mutual Global	Pair Corr
0.85	MDISX	Franklin Mutual Global	Pair Corr
0.84	TEDSX	Franklin Mutual Global	Pair Corr
0.82	PRAFX	T Rowe Price	Pair Corr
0.86	BEGRX	Franklin Mutual Beacon	Pair Corr
0.9	NHS	Neuberger Berman High	Pair Corr
0.72	DCXCX	Catalystmillburn Dyn	Pair Corr
0.72	GAB	Gabelli Equity Trust	Pair Corr
0.92	MWTTX	Metropolitan West Total	Pair Corr
0.7	PCMFX	California Municipal	Pair Corr
0.96	VSCSX	Vanguard Short Term	Pair Corr
0.92	VFIJX	Vanguard Gnma	Pair Corr
0.68	AQRNX	Aqr Risk Parity	Pair Corr
0.98	JIGRX	Janus Overseas	Pair Corr
0.91	VICSX	Vanguard Intermediate-ter	Pair Corr
0.98	VTIAX	Vanguard Total Inter	Pair Corr
0.69	LMHIX	Western Asset Municipal	Pair Corr
0.95	PDI	Pimco Dynamic Income Sell-off Trend	Pair Corr
0.99	JIEZX	Jpmorgan International	Pair Corr

Moving against Boston Mutual Fund

0.7	WPGSX	Rbb Fund	Pair Corr
0.6	WPGTX	Wpg Partners Smallmicro	Pair Corr
0.5	WPGHX	Wpg Partners Select	Pair Corr
0.42	BPSCX	Boston Partners Small	Pair Corr
0.41	BPSIX	Boston Partners Small	Pair Corr

Related Correlations Analysis

	PIGDX	SRGAX	AUERX	CDGCX	FGTZX	BGGKX	NEAIX
PIGDX		0.46	-0.15	0.39	0.41	0.04	-0.31	PIGDX
SRGAX	0.46		0.63	0.61	0.99	0.82	0.6	SRGAX
AUERX	-0.15	0.63		0.1	0.66	0.74	0.94	AUERX
CDGCX	0.39	0.61	0.1		0.62	0.42	0.13	CDGCX
FGTZX	0.41	0.99	0.66	0.62		0.82	0.65	FGTZX
BGGKX	0.04	0.82	0.74	0.42	0.82		0.77	BGGKX
NEAIX	-0.31	0.6	0.94	0.13	0.65	0.77		NEAIX
	PIGDX	SRGAX	AUERX	CDGCX	FGTZX	BGGKX	NEAIX

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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

FGTZX	+ 0.99	SRGAX
NEAIX	+ 0.94	AUERX
BGGKX	+ 0.82	SRGAX
BGGKX	+ 0.82	FGTZX
NEAIX	+ 0.77	BGGKX
BGGKX	+ 0.74	AUERX

High negative correlations

NEAIX	- 0.31	PIGDX
AUERX	- 0.15	PIGDX

Risk-Adjusted Indicators

There is a big difference between Boston Mutual Fund performing well and Boston Partners 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 Boston Partners' 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
PIGDX	0.82	0.08	0.07	0.09	1.13	(0.83)	1.84	(1.68)	7.09
SRGAX	0.66	(0.01)	0.00	(0.04)	0.00	0.00	1.25	(1.51)	3.64
AUERX	0.86	(0.05)	0.00	(0.10)	0.00	0.00	1.59	(2.24)	4.19
CDGCX	0.67	(0.05)	0.00	(0.11)	0.00	0.00	1.12	(1.61)	7.00
FGTZX	0.62	(0.01)	0.00	(0.05)	0.00	0.00	1.08	(1.25)	3.38
BGGKX	1.54	(0.17)	0.00	0.79	0.00	0.00	2.77	(4.38)	8.15
NEAIX	1.42	(0.11)	0.00	(0.13)	0.00	0.00	2.28	(4.03)	7.47

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