Boston Trust Correlations

BTMFX Fund

USD 25.55 0.04 0.16%

The current 90-days correlation between Boston Trust Midcap and Lord Abbett Convertible is -0.16 (i.e., Good 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

Good diversification

The correlation between Boston Trust Midcap and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boston Trust Midcap 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 Midcap. 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 price.

Moving together with Boston Mutual Fund

1.0	WAMFX	Walden Midcap	Pair Corr
0.93	WASMX	Walden Smid Cap	Pair Corr
0.94	BTSMX	Boston Trust Smid	Pair Corr
0.74	BOSOX	Boston Trust Small	Pair Corr

Moving against Boston Mutual Fund

0.49	VSEMX	Vanguard Extended Market	Pair Corr
0.42	SMPSX	Semiconductor Ultrasector	Pair Corr
0.44	LZEMX	Lazard Emerging Markets	Pair Corr
0.43	SMPIX	Semiconductor Ultrasector	Pair Corr
0.37	PDNIX	Pimco Diversified Income	Pair Corr
0.32	PFONX	Pimco International Bond	Pair Corr
0.31	RSNYX	Victory Global Natural	Pair Corr

Related Correlations Analysis

	LCFYX	XNCVX	CCD	FSAWX	PCNTX	GCV	NCIDX
LCFYX		0.96	0.9	0.93	0.85	0.94	0.98	LCFYX
XNCVX	0.96		0.94	0.82	0.94	0.93	0.98	XNCVX
CCD	0.9	0.94		0.76	0.89	0.91	0.93	CCD
FSAWX	0.93	0.82	0.76		0.63	0.86	0.88	FSAWX
PCNTX	0.85	0.94	0.89	0.63		0.87	0.91	PCNTX
GCV	0.94	0.93	0.91	0.86	0.87		0.96	GCV
NCIDX	0.98	0.98	0.93	0.88	0.91	0.96		NCIDX
	LCFYX	XNCVX	CCD	FSAWX	PCNTX	GCV	NCIDX

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LCFYX	0.72	0.06	0.05	0.13	0.82	(0.82)	1.31	(1.69)	4.63
XNCVX	0.72	0.03	0.02	0.09	0.96	(0.75)	1.20	(1.74)	5.47
CCD	0.82	0.04	0.03	0.10	1.10	(0.82)	1.75	(2.09)	4.71
FSAWX	0.12	0.04	(0.06)	0.51	0.00	(0.17)	0.27	(0.17)	1.04
PCNTX	0.64	(0.01)	(0.02)	0.06	0.90	(0.61)	1.20	(1.51)	4.49
GCV	0.79	0.08	0.03	0.27	0.92	(0.85)	1.49	(1.71)	4.54
NCIDX	0.69	0.05	0.04	0.12	0.90	(0.68)	1.32	(1.79)	4.80

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