Boston Partners Correlations

BPIRX Fund

USD 15.31 0.10 0.65%

The current 90-days correlation between Boston Partners Longshort and Scout E Bond is 0.3 (i.e., Weak diversification). 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

Poor diversification

The correlation between Boston Partners Longshort and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boston Partners Longshort 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 Longshort. 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 real.

Moving together with Boston Mutual Fund

0.76	OPTCX	Rbb Fund	Pair Corr
0.92	BPAVX	Boston Partners All	Pair Corr
0.76	BPAIX	Boston Partners All	Pair Corr
0.84	WPGSX	Rbb Fund	Pair Corr
0.62	BPGSX	Rbb Fund	Pair Corr
0.82	BPGIX	Boston Partners Global	Pair Corr
1.0	BPRRX	Boston Partners Longshort	Pair Corr
0.73	DHLSX	Diamond Hill Long	Pair Corr
0.64	DIAYX	Diamond Hill Long	Pair Corr
0.73	DIAMX	Diamond Hill Long	Pair Corr
0.68	ASLAX	Ab Select Longshort	Pair Corr
0.77	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.64	RYVLX	Nasdaq 100 2x	Pair Corr
0.64	RYVYX	Nasdaq 100 2x	Pair Corr
0.78	UOPIX	Ultra Nasdaq 100	Pair Corr
0.77	RYCCX	Nasdaq 100 2x	Pair Corr
0.79	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.75	HHHYX	Hartford Schroders	Pair Corr
0.68	LBISX	Legg Mason Bw	Pair Corr
0.86	ZGFIX	Investec Global Franchise	Pair Corr
0.76	IICAX	Large Cap Equity	Pair Corr
0.63	VTRWX	Voya Target In	Pair Corr

Moving against Boston Mutual Fund

0.49	PWLIX	Pimco Rae Worldwide	Pair Corr
0.46	PWLMX	Pimco Rae Worldwide	Pair Corr

Related Correlations Analysis

	SCCIX	TIMTX	PCSIX	JAFLX	MBSAX	BBINX	AAEZX
SCCIX		0.89	0.98	0.94	0.91	0.89	0.86	SCCIX
TIMTX	0.89		0.89	0.86	0.81	1.0	0.92	TIMTX
PCSIX	0.98	0.89		0.91	0.93	0.9	0.84	PCSIX
JAFLX	0.94	0.86	0.91		0.83	0.85	0.82	JAFLX
MBSAX	0.91	0.81	0.93	0.83		0.83	0.81	MBSAX
BBINX	0.89	1.0	0.9	0.85	0.83		0.9	BBINX
AAEZX	0.86	0.92	0.84	0.82	0.81	0.9		AAEZX
	SCCIX	TIMTX	PCSIX	JAFLX	MBSAX	BBINX	AAEZX

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
SCCIX	0.20	0.01	(0.14)	0.18	0.17	(0.24)	0.46	(0.28)	1.01
TIMTX	0.10	0.04	(0.10)	2.03	0.00	(0.16)	0.29	(0.10)	0.67
PCSIX	0.16	0.01	(0.20)	0.16	0.07	(0.20)	0.34	(0.26)	1.01
JAFLX	0.15	0.02	(0.17)	1.18	0.00	(0.20)	0.30	(0.29)	0.99
MBSAX	0.21	0.02	(0.15)	0.24	0.14	(0.26)	0.42	(0.48)	1.19
BBINX	0.09	0.03	(0.20)	1.60	0.00	(0.17)	0.29	(0.10)	0.59
AAEZX	0.18	0.03	(0.11)	0.39	0.00	(0.27)	0.39	(0.38)	1.07

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