Boston Partners Correlations
| BPIRX Fund | USD 13.76 0.05 0.36% |
The current 90-days correlation between Boston Partners Longshort and Aqr Managed Futures is -0.03 (i.e., Good 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
Good diversification
The correlation between Boston Partners Longshort and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boston Partners Longshort and DJI in the same portfolio, assuming nothing else is changed.
Boston |
Moving together with Boston Mutual Fund
| 0.86 | BPAVX | Boston Partners All | PairCorr |
| 0.62 | WPGTX | Wpg Partners Smallmicro | PairCorr |
| 0.76 | BPLEX | Boston Partners Longshort | PairCorr |
| 0.77 | BPLSX | Boston Partners Longshort | PairCorr |
| 0.94 | BPRRX | Boston Partners Longshort | PairCorr |
| 0.78 | BPSIX | Boston Partners Small | PairCorr |
| 0.73 | BPSCX | Boston Partners Small | PairCorr |
| 0.89 | NLSCX | Neuberger Berman Long | PairCorr |
| 0.89 | NLSAX | Neuberger Berman Long | PairCorr |
| 0.92 | NLSIX | Neuberger Berman Long | PairCorr |
| 0.64 | DHLSX | Diamond Hill Long | PairCorr |
| 0.65 | DIAMX | Diamond Hill Long | PairCorr |
| 0.81 | ASLAX | Ab Select Longshort | PairCorr |
| 0.63 | GPAAX | Grant Park Multi | PairCorr |
| 0.67 | PAETX | Putnam Retirement | PairCorr |
| 0.71 | RLRPX | American Funds Retirement | PairCorr |
Moving against Boston Mutual Fund
Related Correlations Analysis
| -0.07 | -0.54 | -0.23 | -0.17 | AQMIX | ||
| -0.07 | 0.44 | 0.88 | 0.64 | NLSIX | ||
| -0.54 | 0.44 | 0.58 | 0.06 | ASFYX | ||
| -0.23 | 0.88 | 0.58 | 0.51 | MFLDX | ||
| -0.17 | 0.64 | 0.06 | 0.51 | DHLSX | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AQMIX | 0.54 | 0.07 | 0.12 | 0.91 | 0.52 | 1.02 | 2.46 | |||
| NLSIX | 0.30 | (0.01) | 0.00 | (0.04) | 0.00 | 0.58 | 1.57 | |||
| ASFYX | 0.68 | (0.11) | 0.00 | (0.81) | 0.00 | 1.16 | 4.07 | |||
| MFLDX | 0.69 | (0.03) | 0.00 | 0.16 | 0.00 | 1.20 | 3.51 | |||
| DHLSX | 0.39 | 0.05 | 0.10 | (0.46) | 0.41 | 0.86 | 2.34 |