Boston Partners Correlations

BPRRX Fund

USD 15.02 0.03 0.20%

The current 90-days correlation between Boston Partners Longshort and Marketfield Fund Marketfield is 0.83 (i.e., Very poor 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

Very poor diversification

The correlation between Boston Partners Longshort and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boston Partners Longshort 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 Longshort. 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 metropolitan statistical area.

Moving together with Boston Mutual Fund

0.96	OPTCX	Rbb Fund	Pair Corr
0.97	BPAVX	Boston Partners All	Pair Corr
0.97	BPAIX	Boston Partners All	Pair Corr
0.85	WPGSX	Rbb Fund	Pair Corr
1.0	BPIRX	Boston Partners Longshort	Pair Corr
0.93	BPLEX	Boston Partners Longshort	Pair Corr
0.94	BPLSX	Boston Partners Longshort	Pair Corr
0.93	BPSCX	Boston Partners Small	Pair Corr
0.96	NLSCX	Neuberger Berman Long	Pair Corr
0.96	NLSAX	Neuberger Berman Long	Pair Corr
0.97	NLSIX	Neuberger Berman Long	Pair Corr
0.89	QLERX	Aqr Long Short	Pair Corr
0.98	ASLAX	Ab Select Longshort	Pair Corr
0.98	VTSAX	Vanguard Total Stock	Pair Corr
0.98	VFIAX	Vanguard 500 Index	Pair Corr
0.98	VTSMX	Vanguard Total Stock	Pair Corr
0.98	VSMPX	Vanguard Total Stock	Pair Corr
0.98	VSTSX	Vanguard Total Stock	Pair Corr
0.98	VITSX	Vanguard Total Stock	Pair Corr
0.98	VFINX	Vanguard 500 Index	Pair Corr
0.98	VFFSX	Vanguard 500 Index	Pair Corr
0.95	CII	Blackrock Enhanced	Pair Corr
0.91	BDJ	Blackrock Enhanced Equity	Pair Corr
0.9	BAC	Bank of America Aggressive Push	Pair Corr
0.85	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.97	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.86	WMT	Walmart Aggressive Push	Pair Corr

Moving against Boston Mutual Fund

0.74	BGRSX	Boston Partners Global	Pair Corr
0.77	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.62	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	MFLDX	BPLEX	BPIRX	BGRSX	NLSAX
MFLDX		0.91	0.96	-0.69	0.97	MFLDX
BPLEX	0.91		0.94	-0.81	0.9	BPLEX
BPIRX	0.96	0.94		-0.74	0.97	BPIRX
BGRSX	-0.69	-0.81	-0.74		-0.72	BGRSX
NLSAX	0.97	0.9	0.97	-0.72		NLSAX
	MFLDX	BPLEX	BPIRX	BGRSX	NLSAX

Click cells to compare fundamentals

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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

NLSAX	+ 0.97	MFLDX
NLSAX	+ 0.97	BPIRX
BPIRX	+ 0.96	MFLDX
BPIRX	+ 0.94	BPLEX
BPLEX	+ 0.91	MFLDX
NLSAX	+ 0.9	BPLEX

High negative correlations

BGRSX	- 0.81	BPLEX
BGRSX	- 0.74	BPIRX
NLSAX	- 0.72	BGRSX
BGRSX	- 0.69	MFLDX

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
MFLDX	0.45	(0.03)	(0.10)	0.08	0.57	(0.48)	0.91	(1.19)	4.06
BPLEX	0.42	(0.01)	(0.14)	0.11	0.36	(0.51)	0.84	(0.81)	2.47
BPIRX	0.32	0.00	(0.17)	0.12	0.21	(0.38)	0.78	(0.46)	2.22
BGRSX	0.38	(0.13)	0.00	1.34	0.00	0.00	0.53	(0.66)	9.07
NLSAX	0.21	0.00	(0.29)	0.11	0.22	(0.23)	0.44	(0.55)	1.21

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