Boston Trust Correlations

Mutual Funds . USA . 
Fund . Boston Trust Asset
BTBFX Fund  USD 67.36  0.09  0.13%   
The current 90-days correlation between Boston Trust Asset and Walden Asset Management is 0.97 (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 poor diversification

The correlation between Boston Trust Asset and DJI is 0.89 (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 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
  0.9WSBFX Walden Asset ManagementPairCorr
  0.98WSEFX Walden EquityPairCorr
  0.98WASMX Walden Smid CapPairCorr
  1.0BTEFX Boston Trust EquityPairCorr
  0.98BTMFX Boston Trust MidcapPairCorr
  0.97BTSMX Boston Trust SmidPairCorr
  0.95BOSOX Boston Trust SmallPairCorr
  0.87FFIFX American FundsPairCorr
  0.87FAIFX American FundsPairCorr
  0.85IFACX Income FundPairCorr
  0.87IFAFX Income FundPairCorr
  0.87AMECX Income FundPairCorr
  0.85RIDBX Income FundPairCorr
  0.86CIMEX Income FundPairCorr
  0.87RIDFX Income FundPairCorr
  0.85CIMCX Income FundPairCorr
  0.87CIMFX Income FundPairCorr
  0.71SMPSX Semiconductor UltrasectorPairCorr
  0.72SMPIX Semiconductor UltrasectorPairCorr
  0.89LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.84RSNYX Victory Global NaturalPairCorr
  0.89LSHCX Horizon Spin OffPairCorr
  0.84RSNRX Victory Global NaturalPairCorr
  0.89LSHAX Horizon Spin Off Steady GrowthPairCorr
  0.89LSHEX Kinetics Spin OffPairCorr
  0.83RGNCX Victory Global NaturalPairCorr
  0.93RMQAX Monthly RebalancePairCorr
  0.93WCMJX Wcm Focused SmallPairCorr
  0.96NQCRX Nuveen Nwq LargePairCorr
  0.97DVIPX Davenport Value IncomePairCorr
  0.91SRFMX Sarofim EquityPairCorr
  0.93JILGX Multimanager LifestylePairCorr
  0.97AMGOX Alger Mid CapPairCorr
  0.83TRNEX T Rowe PricePairCorr
  0.94IGIVX Integrity Growth IncomePairCorr
  0.95VEVIX Victory Sycamore EstPairCorr
  0.96CSGEX Blackrock Small CapPairCorr

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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