Boston Trust Correlations

Mutual Funds USA . 
Fund . Boston Trust Asset
BTBFX Fund  USD 62.62  0.23  0.37%   
The current 90-days correlation between Boston Trust Asset and Walden Asset Management is 0.94 (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

Very weak diversification

The correlation between Boston Trust Asset and DJI is 0.41 (i.e., Very weak 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

  0.98WAMFX Walden MidcapPairCorr
  0.99WSBFX Walden Asset ManagementPairCorr
  0.99WSEFX Walden EquityPairCorr
  0.95WASMX Walden Smid CapPairCorr
  0.92BTEFX Boston Trust EquityPairCorr
  0.97BTMFX Boston Trust MidcapPairCorr
  0.96BTSMX Boston Trust Smid Potential GrowthPairCorr
  0.97BOSOX Boston Trust SmallPairCorr
  0.72FAIFX American FundsPairCorr
  0.75IFACX Income FundPairCorr
  0.72IFAFX Income FundPairCorr
  0.73AMECX Income FundPairCorr
  0.75RIDBX Income FundPairCorr
  0.74CIMEX Income FundPairCorr
  0.72RIDFX Income FundPairCorr
  0.75CIMCX Income FundPairCorr
  0.73CIMFX Income FundPairCorr
  0.72RYCCX Nasdaq 100 2xPairCorr
  0.78BIPIX Biotechnology UltrasectorPairCorr

Related Correlations Analysis

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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.

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