Boston Partners Correlations

BGRSX Fund

USD 15.12 0.00 0.00%

The current 90-days correlation between Boston Partners Global and Aqr Long Short Equity is -0.17 (i.e., Good diversification). 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

Good diversification

The correlation between Boston Partners Global and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boston Partners Global 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 Global. 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 state.

Moving together with Boston Mutual Fund

1.0

BGLSX

Boston Partners Global

Pair Corr

Moving against Boston Mutual Fund

0.81	BPLEX	Boston Partners Longshort	Pair Corr
0.81	BPLSX	Boston Partners Longshort	Pair Corr
0.77	OPTCX	Rbb Fund	Pair Corr
0.75	BPIRX	Boston Partners Longshort	Pair Corr
0.75	BPRRX	Boston Partners Longshort	Pair Corr
0.73	NLSAX	Neuberger Berman Long	Pair Corr
0.73	NLSIX	Neuberger Berman Long	Pair Corr
0.72	NLSCX	Neuberger Berman Long	Pair Corr
0.65	BPAVX	Boston Partners All	Pair Corr
0.65	BPAIX	Boston Partners All	Pair Corr
0.57	QLERX	Aqr Long Short	Pair Corr
0.55	WPGTX	Wpg Partners Smallmicro	Pair Corr
0.53	BPSIX	Boston Partners Small	Pair Corr
0.53	BPSCX	Boston Partners Small	Pair Corr
0.4	WPGSX	Rbb Fund	Pair Corr
0.93	RSNYX	Victory Global Natural	Pair Corr
0.93	RSNRX	Victory Global Natural	Pair Corr
0.93	RGNCX	Victory Global Natural	Pair Corr
0.8	CSQ	Calamos Strategic Total	Pair Corr
0.79	ASLAX	Ab Select Longshort	Pair Corr
0.79	VFINX	Vanguard 500 Index	Pair Corr
0.79	PCF	Putnam High Income	Pair Corr
0.77	VTSAX	Vanguard Total Stock	Pair Corr
0.75	SMPSX	Semiconductor Ultrasector	Pair Corr
0.75	SMPIX	Semiconductor Ultrasector	Pair Corr
0.74	WCPSX	Mobile Telecommunicatio	Pair Corr
0.66	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.66	LSHEX	Kinetics Spin Off	Pair Corr
0.66	LSHCX	Horizon Spin Off	Pair Corr
0.66	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.64	WWNPX	Kinetics Paradigm	Pair Corr
0.62	GQLOX	Gmo Quality Fund	Pair Corr
0.42	NADCX	Nationwide Investor	Pair Corr

Related Correlations Analysis

	QLERX	DHLSX	DIAYX	DIAMX	PWLMX
QLERX		-0.3	-0.29	-0.33	0.15	QLERX
DHLSX	-0.3		1.0	1.0	0.33	DHLSX
DIAYX	-0.29	1.0		1.0	0.34	DIAYX
DIAMX	-0.33	1.0	1.0		0.33	DIAMX
PWLMX	0.15	0.33	0.34	0.33		PWLMX
	QLERX	DHLSX	DIAYX	DIAMX	PWLMX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DIAYX	+ 1.0	DHLSX
DIAMX	+ 1.0	DHLSX
DIAMX	+ 1.0	DIAYX
PWLMX	+ 0.34	DIAYX
PWLMX	+ 0.33	DHLSX
PWLMX	+ 0.33	DIAMX

High negative correlations

DIAMX	- 0.33	QLERX
DHLSX	- 0.3	QLERX
DIAYX	- 0.29	QLERX

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
QLERX	0.32	0.04	(0.08)	0.24	0.20	(0.38)	0.74	(0.61)	2.22
DHLSX	0.33	(0.07)	0.00	(0.06)	0.00	0.00	0.70	(0.74)	2.22
DIAYX	0.33	(0.07)	0.00	(0.05)	0.00	0.00	0.70	(0.74)	2.23
DIAMX	0.33	(0.07)	0.00	(0.06)	0.00	0.00	0.73	(0.74)	2.23
PWLMX	0.27	0.01	(0.25)	0.23	0.25	(0.35)	0.61	(0.49)	1.84

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