Boston Partners Correlations

BPSIX Fund

USD 24.66 0.23 0.92%

The current 90-days correlation between Boston Partners Small and Boston Partners Small is 1.0 (i.e., No risk reduction). 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 Small and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boston Partners Small 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 Small. 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

0.93	WPGHX	Wpg Partners Select	Pair Corr
0.93	WPGTX	Wpg Partners Smallmicro	Pair Corr
0.92	WPGSX	Rbb Fund	Pair Corr
0.73	BPIRX	Boston Partners Longshort	Pair Corr
0.73	BPRRX	Boston Partners Longshort	Pair Corr
1.0	BPSCX	Boston Partners Small	Pair Corr
0.98	VSIIX	Vanguard Small Cap	Pair Corr
0.98	VISVX	Vanguard Small Cap	Pair Corr
0.96	DFSVX	Us Small Cap	Pair Corr
0.97	DFFVX	Us Targeted Value	Pair Corr
0.96	UBVCX	Undiscovered Managers	Pair Corr
0.96	UBVAX	Undiscovered Managers	Pair Corr
0.96	UBVSX	Undiscovered Managers	Pair Corr
0.86	AVFIX	American Beacon Small	Pair Corr

Moving against Boston Mutual Fund

0.4	BPGIX	Boston Partners Global	Pair Corr
0.33	OPTCX	Rbb Fund	Pair Corr
0.33	BPGSX	Rbb Fund	Pair Corr
0.47	VDMCX	Virtus Kar Developing	Pair Corr
0.46	FIAIX	Fidelity Advisor Sus	Pair Corr
0.43	SWRSX	Schwab Treasury Inflation	Pair Corr
0.41	CCWFX	Capital World Bond	Pair Corr
0.38	BTMPX	Ishares Msci Eafe	Pair Corr
0.38	BTMKX	Blackrock International	Pair Corr
0.38	MDIIX	Blackrock Intern Index	Pair Corr

Related Correlations Analysis

	BPSCX	WSCRX	HWSIX	BPAIX	WMICX
BPSCX		0.9	0.99	0.52	0.87	BPSCX
WSCRX	0.9		0.91	0.26	0.93	WSCRX
HWSIX	0.99	0.91		0.52	0.88	HWSIX
BPAIX	0.52	0.26	0.52		0.09	BPAIX
WMICX	0.87	0.93	0.88	0.09		WMICX
	BPSCX	WSCRX	HWSIX	BPAIX	WMICX

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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
BPSCX	0.83	(0.08)	0.00	(0.16)	0.00	0.00	1.51	(2.10)	4.06
WSCRX	1.08	(0.28)	0.00	(0.34)	0.00	0.00	1.60	(2.76)	10.00
HWSIX	0.91	(0.10)	0.00	(0.18)	0.00	0.00	1.63	(2.12)	4.53
BPAIX	0.63	0.04	0.06	(0.01)	0.87	(0.62)	1.30	(1.50)	2.92
WMICX	1.01	(0.25)	0.00	(0.34)	0.00	0.00	1.45	(2.61)	5.41

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