Boston Trust Correlations

Mutual Funds . USA . 
Fund . Boston Trust Equity
BTEFX Fund  USD 47.18  0.10  0.21%   
The current 90-days correlation between Boston Trust Equity and Boston Trust Asset is 0.98 (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 Equity 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 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

  0.98WAMFX Walden MidcapPairCorr
  0.88WSBFX Walden Asset ManagementPairCorr
  0.99WSEFX Walden EquityPairCorr
  0.98WASMX Walden Smid CapPairCorr
  1.0BTBFX Boston Trust AssetPairCorr
  0.98BTMFX Boston Trust MidcapPairCorr
  0.97BTSMX Boston Trust SmidPairCorr
  0.96BOSOX Boston Trust SmallPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.96VITSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.95VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.99VINIX Vanguard InstitutionalPairCorr
  0.99VIIIX Vanguard InstitutionalPairCorr
  0.9OSPPX Oppenheimer Steelpath MlpPairCorr
  0.89SPMPX Invesco Steelpath MlpPairCorr
  0.89SPMJX Invesco Steelpath MlpPairCorr
  0.89MLPNX Oppenheimer Steelpath MlpPairCorr
  0.89MLPLX Oppenheimer Steelpath MlpPairCorr
  0.89MLPMX Oppenheimer Steelpath MlpPairCorr
  0.62SMPSX Semiconductor UltrasectorPairCorr
  0.91LSHUX Horizon Spin OffPairCorr
  0.93EMO Clearbridge Energy MlpPairCorr
  0.83AMECX Income FundPairCorr
  0.73HIX Western Asset HighPairCorr
  0.98FIVUX First Investors OppoPairCorr
  0.97ELFNX Elfun Trusts ElfunPairCorr
  0.96FZROX Fidelity Zero TotalPairCorr
  0.81ACP Aberdeen Income CreditPairCorr
  0.8RGGEX American Funds GlobalPairCorr

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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