Boston Trust Correlations

BTSMX Fund

USD 27.37 0.08 0.29%

The current 90-days correlation between Boston Trust Smid and Walden Midcap Fund 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 Smid and DJI is 0.88 (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 Smid 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 Smid. 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 population.

Moving together with Boston Mutual Fund

1.0	WAMFX	Walden Midcap	Pair Corr
0.88	WSBFX	Walden Asset Management	Pair Corr
0.95	WSEFX	Walden Equity	Pair Corr
1.0	WASMX	Walden Smid Cap	Pair Corr
0.97	BTBFX	Boston Trust Asset	Pair Corr
0.97	BTEFX	Boston Trust Equity	Pair Corr
1.0	BTMFX	Boston Trust Midcap	Pair Corr
0.94	BOSOX	Boston Trust Small	Pair Corr
0.98	VIMAX	Vanguard Mid Cap	Pair Corr
0.98	VIMSX	Vanguard Mid Cap	Pair Corr
0.95	VMCPX	Vanguard Mid Cap	Pair Corr
0.98	VMCIX	Vanguard Mid Cap	Pair Corr
0.95	VEXAX	Vanguard Extended Market	Pair Corr
0.98	VEMPX	Vanguard Extended Market	Pair Corr
0.95	VIEIX	Vanguard Extended Market	Pair Corr
0.98	VSEMX	Vanguard Extended Market	Pair Corr
0.98	VEXMX	Vanguard Extended Market	Pair Corr
0.95	FSMAX	Fidelity Extended Market	Pair Corr
0.62	PFN	Pimco Income Strategy	Pair Corr
0.73	XNKGX	Nuveen Georgia Quality	Pair Corr
0.88	XPPRX	Voya Prime Rate Steady Growth	Pair Corr
0.84	PCF	Putnam High Income	Pair Corr
0.92	TINRX	Tiaa Cref Equity	Pair Corr
0.95	VSMAX	Vanguard Small Cap	Pair Corr
0.82	JAAAX	Alternative Asset	Pair Corr
0.97	NQCRX	Nuveen Nwq Large	Pair Corr
0.76	LPXIX	Cohen Steers Low	Pair Corr
0.89	DNSPX	Dunham Enhanced Market	Pair Corr
0.79	CDJAX	American Funds College	Pair Corr
0.91	VLISX	Vanguard Large Cap	Pair Corr

Moving against Boston Mutual Fund

0.49	XNXJX	Nuveen New Jersey	Pair Corr
0.46	XNBHX	Neuberger Berman Int	Pair Corr
0.39	NXJ	Nuveen New Jersey	Pair Corr

Related Correlations Analysis

	WAMFX	WSBFX	WSEFX	WASMX	BTBFX	BTEFX	BTMFX	BOSOX
WAMFX		0.89	0.96	0.99	0.98	0.98	1.0	0.94	WAMFX
WSBFX	0.89		0.92	0.88	0.9	0.88	0.9	0.79	WSBFX
WSEFX	0.96	0.92		0.96	0.98	0.98	0.96	0.9	WSEFX
WASMX	0.99	0.88	0.96		0.98	0.98	0.99	0.93	WASMX
BTBFX	0.98	0.9	0.98	0.98		1.0	0.98	0.94	BTBFX
BTEFX	0.98	0.88	0.98	0.98	1.0		0.98	0.94	BTEFX
BTMFX	1.0	0.9	0.96	0.99	0.98	0.98		0.94	BTMFX
BOSOX	0.94	0.79	0.9	0.93	0.94	0.94	0.94		BOSOX
	WAMFX	WSBFX	WSEFX	WASMX	BTBFX	BTEFX	BTMFX	BOSOX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WAMFX	0.54	0.03	0.00	0.15	0.38	(0.65)	1.41	(0.87)	3.44
WSBFX	0.33	(0.02)	(0.18)	0.08	0.31	(0.40)	0.57	(0.81)	2.35
WSEFX	0.47	(0.03)	(0.08)	0.08	0.52	(0.51)	0.81	(1.07)	3.79
WASMX	0.64	0.03	0.03	0.14	0.48	(0.73)	1.62	(1.12)	4.39
BTBFX	0.35	0.00	(0.11)	0.12	0.31	(0.42)	0.61	(0.77)	2.74
BTEFX	0.47	0.00	(0.04)	0.12	0.46	(0.55)	0.82	(1.03)	3.77
BTMFX	0.53	0.02	(0.01)	0.14	0.38	(0.63)	1.35	(0.86)	3.33
BOSOX	0.80	0.17	0.09	1.43	0.58	(0.99)	1.62	(1.07)	7.59

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