Boston Partners Correlations

BPAIX Fund

USD 35.09 0.28 0.80%

The current 90-days correlation between Boston Partners All and Boston Partners All Cap is 1.0 (i.e., No risk reduction). The correlation of Boston Partners 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 Partners Correlation With Market

Almost no diversification

The correlation between Boston Partners All Cap and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boston Partners All Cap 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 Partners All Cap. 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 gross domestic product.

Moving together with Boston Mutual Fund

0.87	OPTCX	Rbb Fund	Pair Corr
1.0	BPAVX	Boston Partners All	Pair Corr
0.91	WPGTX	Wpg Partners Smallmicro	Pair Corr
0.85	WPGSX	Rbb Fund	Pair Corr
0.96	BPIRX	Boston Partners Longshort	Pair Corr
0.91	BPLEX	Boston Partners Longshort	Pair Corr
0.79	BPLSX	Boston Partners Longshort	Pair Corr
0.96	BPRRX	Boston Partners Longshort	Pair Corr
0.94	BPSCX	Boston Partners Small	Pair Corr
0.85	VVIAX	Vanguard Value Index	Pair Corr
0.89	DOXGX	Dodge Cox Stock	Pair Corr
0.88	AFMFX	American Mutual	Pair Corr
0.78	FFMMX	American Funds American	Pair Corr
0.78	FFFMX	American Funds American	Pair Corr
0.87	AMRMX	American Mutual	Pair Corr
0.78	AMFFX	American Mutual	Pair Corr
0.78	AMFCX	American Mutual	Pair Corr
0.97	DODGX	Dodge Stock Fund	Pair Corr
0.94	VIVAX	Vanguard Value Index	Pair Corr
0.93	VNSNX	Vaughan Nelson Select	Pair Corr
0.87	FXAIX	Fidelity 500 Index	Pair Corr
0.94	VTSAX	Vanguard Total Stock	Pair Corr
0.95	GRSPX	Greenspring Fund Retail	Pair Corr
0.89	SCRYX	Small Cap Core	Pair Corr
0.95	WBCIX	William Blair Small	Pair Corr

Moving against Boston Mutual Fund

0.66	BGLSX	Boston Partners Global	Pair Corr
0.66	BGRSX	Boston Partners Global	Pair Corr

Related Correlations Analysis

	BPAVX	PRILX	BPSIX	DHLRX	AWEIX
BPAVX		0.91	0.0	0.87	0.93	BPAVX
PRILX	0.91		0.0	0.82	0.98	PRILX
BPSIX	0.0	0.0		0.0	0.0	BPSIX
DHLRX	0.87	0.82	0.0		0.89	DHLRX
AWEIX	0.93	0.98	0.0	0.89		AWEIX
	BPAVX	PRILX	BPSIX	DHLRX	AWEIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

AWEIX	+ 0.98	PRILX
AWEIX	+ 0.93	BPAVX
PRILX	+ 0.91	BPAVX
AWEIX	+ 0.89	DHLRX
DHLRX	+ 0.87	BPAVX
DHLRX	+ 0.82	PRILX

High negative correlations

AWEIX	- 0.0	BPSIX
DHLRX	- 0.0	BPSIX
BPSIX	- 0.0	PRILX
BPSIX	- 0.0	BPAVX

Risk-Adjusted Indicators

There is a big difference between Boston Mutual Fund performing well and Boston Partners 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 Partners' 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
BPAVX	0.60	(0.04)	(0.06)	0.08	0.56	(0.71)	1.23	(1.00)	4.34
PRILX	0.55	(0.01)	(0.05)	0.11	0.68	(0.56)	1.15	(1.44)	3.75
BPSIX	0.84	0.12	0.01	2.12	0.76	(1.01)	1.79	(1.29)	7.50
DHLRX	0.53	0.07	(0.10)	(0.93)	0.47	(0.56)	1.13	(0.93)	3.24
AWEIX	0.50	(0.02)	(0.05)	0.10	0.67	(0.51)	1.03	(1.42)	3.88

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC