Boston Trust Correlations

BTEFX Fund

USD 42.94 0.03 0.07%

The current 90-days correlation between Boston Trust Equity and Boston Trust Asset is 0.99 (i.e., No risk reduction). 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 poor diversification

The correlation between Boston Trust Equity and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boston Trust Equity 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 Equity. 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

0.76	WAMFX	Walden Midcap	Pair Corr
0.99	WSBFX	Walden Asset Management	Pair Corr
0.98	WSEFX	Walden Equity	Pair Corr
0.74	WASMX	Walden Smid Cap	Pair Corr
0.99	BTBFX	Boston Trust Asset	Pair Corr
0.92	BTMFX	Boston Trust Midcap	Pair Corr
0.75	BTSMX	Boston Trust Smid	Pair Corr
0.92	BOSOX	Boston Trust Small	Pair Corr
0.95	VTSAX	Vanguard Total Stock	Pair Corr
0.95	VFIAX	Vanguard 500 Index	Pair Corr
0.95	VTSMX	Vanguard Total Stock	Pair Corr
0.95	VITSX	Vanguard Total Stock	Pair Corr
0.95	VSMPX	Vanguard Total Stock	Pair Corr
0.95	VSTSX	Vanguard Total Stock	Pair Corr
0.95	VFINX	Vanguard 500 Index	Pair Corr
0.95	VFFSX	Vanguard 500 Index	Pair Corr
0.94	VINIX	Vanguard Institutional	Pair Corr
0.94	VIIIX	Vanguard Institutional	Pair Corr
0.71	WHIYX	Ivy High Income	Pair Corr
0.69	IVHIX	Ivy High Income	Pair Corr
0.69	IHIFX	Ivy High Income	Pair Corr
0.7	WRHIX	Ivy High Income	Pair Corr
0.71	WHIAX	Ivy High Income	Pair Corr

Moving against Boston Mutual Fund

0.46	FSGIX	Federated Gov Sec	Pair Corr
0.37	MBLCX	Madison Diversified	Pair Corr
0.35	PPFFX	American Funds Prese	Pair Corr

Related Correlations Analysis

	BTBFX	BOSOX	WSBFX	DHTAX	WSEFX
BTBFX		0.88	0.98	0.88	0.95	BTBFX
BOSOX	0.88		0.91	0.95	0.95	BOSOX
WSBFX	0.98	0.91		0.92	0.98	WSBFX
DHTAX	0.88	0.95	0.92		0.96	DHTAX
WSEFX	0.95	0.95	0.98	0.96		WSEFX
	BTBFX	BOSOX	WSBFX	DHTAX	WSEFX

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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
BTBFX	0.48	(0.04)	(0.13)	0.83	(1.21)	2.43
BOSOX	0.82	(0.12)	(0.21)	1.21	(1.56)	3.67
WSBFX	0.45	(0.04)	(0.15)	0.76	(0.92)	2.56
DHTAX	0.83	(0.07)	(0.15)	1.45	(2.12)	3.94
WSEFX	0.65	(0.06)	(0.15)	0.98	(1.48)	3.54

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