Boston Common Correlations

BCAMX Fund

USD 74.98 0.19 0.25%

The current 90-days correlation between Boston Mon Equity and Rbc Ultra Short Fixed is -0.28 (i.e., Very good diversification). The correlation of Boston Common 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 Common Correlation With Market

Poor diversification

The correlation between Boston Mon Equity and DJI is 0.78 (i.e., 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 population.

Moving together with Boston Mutual Fund

0.99	VTSAX	Vanguard Total Stock	Pair Corr
0.95	VFIAX	Vanguard 500 Index	Pair Corr
0.99	VTSMX	Vanguard Total Stock	Pair Corr
0.99	VITSX	Vanguard Total Stock	Pair Corr
0.99	VSMPX	Vanguard Total Stock	Pair Corr
0.99	VSTSX	Vanguard Total Stock	Pair Corr
0.95	VFINX	Vanguard 500 Index	Pair Corr
1.0	VFFSX	Vanguard 500 Index	Pair Corr
1.0	VINIX	Vanguard Institutional	Pair Corr
1.0	VIIIX	Vanguard Institutional	Pair Corr
0.81	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.81	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.99	VIPAX	Index Plus Largecap	Pair Corr
0.83	PEO	Adams Natural Resources	Pair Corr
0.76	SGPGX	Sgi Prudent Growth	Pair Corr
0.9	AALTX	American Funds 2050	Pair Corr
0.96	AMGOX	Alger Mid Cap	Pair Corr
0.99	PRWAX	T Rowe Price	Pair Corr
0.97	USA	Liberty All Star	Pair Corr
0.72	PFN	Pimco Income Strategy	Pair Corr
0.99	FSKAX	Fidelity Total Market	Pair Corr
0.99	AMEIX	Equity Growth	Pair Corr
0.99	VLISX	Vanguard Large Cap	Pair Corr
0.73	TRBUX	T Rowe Price	Pair Corr
0.72	SBCPX	Qs Defensive Growth	Pair Corr

Moving against Boston Mutual Fund

0.6	BCAIX	Boston Mon International	Pair Corr
0.53	BTMPX	Ishares Msci Eafe	Pair Corr
0.53	BTMKX	Blackrock International	Pair Corr
0.53	MDIIX	Blackrock Intern Index	Pair Corr
0.48	FMFFX	Fs Managed Futures	Pair Corr

Related Correlations Analysis

	RUSIX	TTRBX	PBXIX	MFIRX	ANAZX	PRVBX	CCD
RUSIX		-0.42	0.85	0.24	-0.55	0.59	0.43	RUSIX
TTRBX	-0.42		-0.48	0.65	0.97	0.24	0.21	TTRBX
PBXIX	0.85	-0.48		0.26	-0.57	0.54	0.48	PBXIX
MFIRX	0.24	0.65	0.26		0.56	0.78	0.57	MFIRX
ANAZX	-0.55	0.97	-0.57	0.56		0.09	0.06	ANAZX
PRVBX	0.59	0.24	0.54	0.78	0.09		0.75	PRVBX
CCD	0.43	0.21	0.48	0.57	0.06	0.75		CCD
	RUSIX	TTRBX	PBXIX	MFIRX	ANAZX	PRVBX	CCD

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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

ANAZX	+ 0.97	TTRBX
PBXIX	+ 0.85	RUSIX
PRVBX	+ 0.78	MFIRX
CCD	+ 0.75	PRVBX
MFIRX	+ 0.65	TTRBX
PRVBX	+ 0.59	RUSIX

High negative correlations

ANAZX	- 0.57	PBXIX
ANAZX	- 0.55	RUSIX
PBXIX	- 0.48	TTRBX
TTRBX	- 0.42	RUSIX

Risk-Adjusted Indicators

There is a big difference between Boston Mutual Fund performing well and Boston Common 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 Common'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
RUSIX	0.04	0.01	0.00	(1.06)	0.00	0.00	0.10	0.00	0.50
TTRBX	0.13	(0.01)	(0.61)	(0.37)	0.16	(0.17)	0.30	(0.30)	0.70
PBXIX	0.31	0.05	(0.06)	0.23	0.00	(0.41)	0.87	(0.55)	1.94
MFIRX	0.09	0.00	(0.51)	0.13	0.00	(0.24)	0.19	(0.19)	0.76
ANAZX	0.18	(0.02)	0.00	(0.70)	0.00	0.00	0.29	(0.29)	1.01
PRVBX	0.09	0.00	(0.93)	0.33	0.00	(0.10)	0.20	(0.20)	0.53
CCD	0.75	(0.03)	(0.10)	0.06	0.92	(0.83)	1.88	(1.68)	4.88

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