Boston Trust Correlations

BTBFX Fund

USD 60.49 0.02 0.03%

The current 90-days correlation between Boston Trust Asset and Walden Asset Management is 0.92 (i.e., Almost no diversification). The correlation of Boston Trust 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 Trust Correlation With Market

Poor diversification

The correlation between Boston Trust Asset and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boston Trust Asset 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 Trust Asset. 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 census.

Moving together with Boston Mutual Fund

0.94	WAMFX	Walden Midcap	Pair Corr
0.98	WSBFX	Walden Asset Management	Pair Corr
0.95	WSEFX	Walden Equity	Pair Corr
0.92	WASMX	Walden Smid Cap	Pair Corr
0.99	BTEFX	Boston Trust Equity	Pair Corr
0.92	BTMFX	Boston Trust Midcap	Pair Corr
0.92	BTSMX	Boston Trust Smid	Pair Corr
0.88	BOSOX	Boston Trust Small	Pair Corr

Moving against Boston Mutual Fund

0.47	GF	New Germany Closed	Pair Corr
0.33	VSGDX	Vanguard Short Term	Pair Corr
0.31	PSDNX	Putnam Ultra Short	Pair Corr

Related Correlations Analysis

	WSBFX	BTMFX	BTEFX	BOSOX	AWEIX
WSBFX		0.92	0.99	0.91	0.8	WSBFX
BTMFX	0.92		0.92	0.93	0.84	BTMFX
BTEFX	0.99	0.92		0.92	0.81	BTEFX
BOSOX	0.91	0.93	0.92		0.88	BOSOX
AWEIX	0.8	0.84	0.81	0.88		AWEIX
	WSBFX	BTMFX	BTEFX	BOSOX	AWEIX

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Risk-Adjusted Indicators

There is a big difference between Boston Mutual Fund performing well and Boston Trust 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 Trust'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 Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
WSBFX	0.45	(0.04)	(0.15)	0.76	(0.92)	2.56
BTMFX	0.67	(0.06)	(0.16)	1.09	(1.31)	3.61
BTEFX	0.64	(0.06)	(0.14)	0.95	(1.41)	3.23
BOSOX	0.82	(0.12)	(0.21)	1.21	(1.56)	3.67
AWEIX	0.77	(0.12)	(0.24)	1.28	(1.66)	6.12

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