Boston Mon Correlations

BCAMX Fund

USD 74.61 1.14 1.50%

The current 90-days correlation between Boston Mon Equity and California Intermediate Term Tax Free is -0.03 (i.e., Good diversification). The correlation of Boston Mon 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 Mon Correlation With Market

Very poor diversification

The correlation between Boston Mon 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 Mon 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 Mon 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 state.

Moving together with Boston Mutual Fund

0.8	BCAIX	Boston Mon International	Pair Corr
0.66	BCEMX	Boston Common Esg	Pair Corr
0.81	VTSAX	Vanguard Total Stock	Pair Corr
0.82	VFIAX	Vanguard 500 Index	Pair Corr
0.84	VTSMX	Vanguard Total Stock	Pair Corr
0.81	VITSX	Vanguard Total Stock	Pair Corr
0.84	VSMPX	Vanguard Total Stock	Pair Corr
0.81	VSTSX	Vanguard Total Stock	Pair Corr
0.83	VFINX	Vanguard 500 Index	Pair Corr
0.8	VFFSX	Vanguard 500 Index	Pair Corr
0.82	VINIX	Vanguard Institutional	Pair Corr
0.82	VIIIX	Vanguard Institutional	Pair Corr
0.79	SWERX	Schwab Target 2040	Pair Corr
0.8	RNNEX	New Economy Fund	Pair Corr
0.86	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.87	UIHIX	High Income Fund	Pair Corr
0.82	SWDSX	Schwab Dividend Equity	Pair Corr
0.88	EPVIX	Europac International	Pair Corr
0.71	WIAEX	Wasatch Small Cap	Pair Corr
0.81	FADZX	Fadzx	Pair Corr
0.82	DIVHX	Cutler Equity	Pair Corr
0.76	GCIEX	Gabelli Equity	Pair Corr
0.86	CAMOX	Cambiar Opportunity	Pair Corr
0.9	GCPCX	Gateway Equity Call	Pair Corr
0.94	MRSPX	Blackrock Value Opps	Pair Corr
0.8	INIVX	International Investors Steady Growth	Pair Corr
0.8	VTWAX	Vanguard Total World	Pair Corr
0.66	LSPAX	Locorr Spectrum Income	Pair Corr
0.8	SAWMX	Sa Worldwide Moderate	Pair Corr
0.98	SABCX	Salient Alternative Beta	Pair Corr

Moving against Boston Mutual Fund

0.92	TCTGX	Transamerica Cleartrack	Pair Corr
0.92	TDKTX	Cleartrack 2015 Class	Pair Corr
0.92	TCTJX	Transamerica Cleartrack	Pair Corr
0.87	TCSUX	Cleartrack 2020 Class	Pair Corr
0.45	USPSX	Profunds Ultrashort	Pair Corr
0.85	UIPIX	Ultrashort Mid Cap	Pair Corr
0.55	CESGX	Coho Relative Value	Pair Corr
0.43	USPIX	Profunds Ultrashort	Pair Corr

Related Correlations Analysis

	BCAIX	BCEMX	DBLTX	AVEEX	ERBAX	BBALX	PYLBX	PEYAX	BCITX
BCAIX		0.96	0.8	0.95	0.95	0.98	0.93	0.96	0.91	BCAIX
BCEMX	0.96		0.77	0.98	0.91	0.94	0.91	0.9	0.94	BCEMX
DBLTX	0.8	0.77		0.75	0.72	0.81	0.77	0.79	0.85	DBLTX
AVEEX	0.95	0.98	0.75		0.93	0.92	0.9	0.91	0.94	AVEEX
ERBAX	0.95	0.91	0.72	0.93		0.95	0.9	0.97	0.86	ERBAX
BBALX	0.98	0.94	0.81	0.92	0.95		0.92	0.96	0.89	BBALX
PYLBX	0.93	0.91	0.77	0.9	0.9	0.92		0.94	0.93	PYLBX
PEYAX	0.96	0.9	0.79	0.91	0.97	0.96	0.94		0.9	PEYAX
BCITX	0.91	0.94	0.85	0.94	0.86	0.89	0.93	0.9		BCITX
	BCAIX	BCEMX	DBLTX	AVEEX	ERBAX	BBALX	PYLBX	PEYAX	BCITX

Risk-Adjusted Indicators

There is a big difference between Boston Mutual Fund performing well and Boston Mon 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 Mon'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
BCAIX	0.65	0.10	0.09	0.20	0.66	(0.70)	1.44	(1.13)	3.75
BCEMX	0.69	0.14	0.15	0.30	0.45	(0.79)	1.55	(1.00)	3.90
DBLTX	0.14	0.01	(0.30)	0.56	0.00	(0.19)	0.34	(0.22)	0.57
AVEEX	0.61	0.19	0.18	5.55	0.37	(0.72)	1.33	(1.11)	3.88
ERBAX	0.57	0.11	0.05	1.79	0.64	(0.60)	1.17	(1.19)	3.25
BBALX	0.36	0.04	0.00	0.15	0.31	(0.40)	0.83	(0.71)	1.90
PYLBX	0.04	0.01	0.00	0.52	0.00	0.00	0.11	0.00	0.53
PEYAX	0.55	0.15	0.13	3.02	0.41	(0.60)	1.38	(1.05)	3.29
BCITX	0.07	0.02	(0.35)	(1.90)	0.00	(0.14)	0.18	(0.09)	0.62

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