Boyd Watterson Correlations

BWDIX Fund

USD 9.82 0.01 0.10%

The current 90-days correlation between Boyd Watterson and Artisan Emerging Markets is 0.17 (i.e., Average diversification). The correlation of Boyd Watterson 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.

Boyd Watterson Correlation With Market

Very poor diversification

The correlation between Boyd Watterson Limited 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 Boyd Watterson Limited 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 Boyd Watterson Limited. 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 Boyd Mutual Fund

0.99	BWDTX	Boyd Watterson	Pair Corr
0.95	PONAX	Pimco Income	Pair Corr
0.95	PONCX	Pimco Income	Pair Corr
0.95	PONRX	Pimco Income	Pair Corr
0.83	SMPIX	Semiconductor Ultrasector	Pair Corr
0.86	SMPSX	Semiconductor Ultrasector	Pair Corr
0.95	RSNRX	Victory Global Natural	Pair Corr
0.95	RSNYX	Victory Global Natural	Pair Corr
0.95	RGNCX	Victory Global Natural	Pair Corr
0.86	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.86	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.86	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.86	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.91	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.92	GMXRX	Nationwide Mid Cap	Pair Corr
0.89	SVOAX	Simt Managed Volatility	Pair Corr
0.91	FRBWX	Fidelity Freedom Index	Pair Corr
0.87	VOSCX	Collegeadvantage 529	Pair Corr
0.87	TEQLX	Tiaa Cref Emerging	Pair Corr
0.86	FREGX	Nuveen Real Estate	Pair Corr
0.94	FNSBX	Fidelity Freedom 2050	Pair Corr
0.84	USLYX	Us Global Leaders	Pair Corr
0.84	ARTTX	Artisan Thematic	Pair Corr

Related Correlations Analysis

	DBELX	TEOJX	PYEIX	REMVX	ANGCX	APDOX
DBELX		0.95	0.95	0.96	0.91	0.98	DBELX
TEOJX	0.95		0.9	0.99	0.87	0.95	TEOJX
PYEIX	0.95	0.9		0.9	0.94	0.98	PYEIX
REMVX	0.96	0.99	0.9		0.88	0.96	REMVX
ANGCX	0.91	0.87	0.94	0.88		0.95	ANGCX
APDOX	0.98	0.95	0.98	0.96	0.95		APDOX
	DBELX	TEOJX	PYEIX	REMVX	ANGCX	APDOX

Risk-Adjusted Indicators

There is a big difference between Boyd Mutual Fund performing well and Boyd Watterson 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 Boyd Watterson'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
DBELX	0.22	0.09	0.02	(2.90)	0.00	(0.29)	0.61	(0.32)	2.02
TEOJX	0.66	0.17	0.10	4.29	0.61	(0.76)	1.62	(1.27)	4.27
PYEIX	0.13	0.04	(0.15)	0.51	0.00	(0.18)	0.28	(0.27)	1.08
REMVX	0.63	0.25	0.29	5.39	0.00	(0.86)	1.57	(0.84)	3.28
ANGCX	0.07	0.01	(0.60)	0.85	0.00	(0.15)	0.12	(0.12)	0.58
APDOX	0.10	0.07	(0.06)	2.06	0.00	(0.15)	0.28	(0.18)	0.56

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

2026 Macroaxis LLC

Boyd Watterson Correlations

Boyd Watterson Correlation With Market

Very poor diversification

Moving together with Boyd Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY