Boston Trust Correlations

Mutual Funds . USA . 
Fund . Boston Trust Asset
BTBFX Fund  USD 66.51  0.22  0.33%   
The current 90-days correlation between Boston Trust Asset and Walden Asset Management is -0.02 (i.e., Good 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 Asset 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 Asset 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 Asset. 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
  0.79WSBFX Walden Asset ManagementPairCorr
  0.97WSEFX Walden EquityPairCorr
  0.97WASMX Walden Smid CapPairCorr
  1.0BTEFX Boston Trust EquityPairCorr
  0.98BTMFX Boston Trust MidcapPairCorr
  0.97BTSMX Boston Trust SmidPairCorr
  0.91BOSOX Boston Trust SmallPairCorr
  0.84FFIFX American FundsPairCorr
  0.84FAIFX American FundsPairCorr
  0.86IFACX Income FundPairCorr
  0.83IFAFX Income FundPairCorr
  0.83AMECX Income FundPairCorr
  0.82RIDBX Income FundPairCorr
  0.87CIMEX Income FundPairCorr
  0.88RIDFX Income FundPairCorr
  0.82CIMCX Income FundPairCorr
  0.87CIMFX Income FundPairCorr
  0.66WRHIX Ivy High IncomePairCorr
  0.66WHIAX Ivy High IncomePairCorr
  0.69IHIFX Ivy High IncomePairCorr
  0.7IVHIX Ivy High IncomePairCorr
  0.92VWELX Vanguard WellingtonPairCorr
  0.94FPURX Fidelity PuritanPairCorr
  0.88PAHHX T Rowe PricePairCorr
  0.92LLPFX Longleaf PartnersPairCorr
  0.94VIGAX Vanguard Growth IndexPairCorr
  0.93FBALX Fidelity BalancedPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.93LTFOX Lord Abbett AffiliatedPairCorr
  0.93RWSIX Redwood Systematic MacroPairCorr
  0.93VFINX Vanguard 500 IndexPairCorr
  0.88SMERX Invesco Small CapPairCorr
  0.87GAB Gabelli Equity TrustPairCorr
  0.79DPG Duff And PhelpsPairCorr

Moving against Boston Mutual Fund

  0.44LIIAX Columbia Porate IncomePairCorr
  0.43SRINX Columbia Porate IncomePairCorr
  0.39CIFRX Columbia Porate IncomePairCorr

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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