Boston Partners Correlations

BPLSX Fund

USD 14.84 0.04 0.27%

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

Significant diversification

The correlation between Boston Partners Longshort and DJI is 0.06 (i.e., Significant 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 main economic indicators.

Moving together with Boston Mutual Fund

0.68	BELSX	Boston Partners Emerging	Pair Corr
0.73	OPTCX	Rbb Fund	Pair Corr
0.7	BPAVX	Boston Partners All	Pair Corr
0.61	BPAIX	Boston Partners All	Pair Corr
0.66	WPGSX	Rbb Fund	Pair Corr
0.64	BPGSX	Rbb Fund	Pair Corr
0.62	BPGIX	Boston Partners Global	Pair Corr
1.0	BPLEX	Boston Partners Longshort	Pair Corr
0.63	BPRRX	Boston Partners Longshort	Pair Corr
0.74	NLSCX	Neuberger Berman Long	Pair Corr
0.74	NLSAX	Neuberger Berman Long	Pair Corr
0.73	NLSIX	Neuberger Berman Long	Pair Corr
0.73	QLERX	Aqr Long Short	Pair Corr
0.69	DHLSX	Diamond Hill Long	Pair Corr
0.69	DIAYX	Diamond Hill Long	Pair Corr
0.63	ASLAX	Ab Select Longshort	Pair Corr
0.73	RYMEX	Commodities Strategy	Pair Corr
0.71	RYMJX	Commodities Strategy	Pair Corr
0.67	TSARX	Tiaa Cref Lifestyle	Pair Corr
0.64	RWBEX	Capital World Growth	Pair Corr
0.64	GOICX	Goldman Sachs Growth	Pair Corr
0.74	ACYIX	High Yield Fund	Pair Corr

Moving against Boston Mutual Fund

0.33

PWLIX

Pimco Rae Worldwide

Pair Corr

Related Correlations Analysis

	BSVSX	MSSVX	SSIFX	SIFZX	DLCMX	ARFFX	CYPIX	PCM	JASCX	EIPFX
BSVSX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BSVSX
MSSVX	0.0		0.84	0.84	0.2	0.47	0.18	0.35	0.3	0.24	MSSVX
SSIFX	0.0	0.84		1.0	0.29	0.25	0.25	0.3	-0.11	0.44	SSIFX
SIFZX	0.0	0.84	1.0		0.29	0.24	0.25	0.3	-0.11	0.44	SIFZX
DLCMX	0.0	0.2	0.29	0.29		-0.01	-0.18	0.07	-0.01	0.59	DLCMX
ARFFX	0.0	0.47	0.25	0.24	-0.01		-0.22	0.81	0.79	0.03	ARFFX
CYPIX	0.0	0.18	0.25	0.25	-0.18	-0.22		-0.25	-0.32	-0.07	CYPIX
PCM	0.0	0.35	0.3	0.3	0.07	0.81	-0.25		0.48	0.08	PCM
JASCX	0.0	0.3	-0.11	-0.11	-0.01	0.79	-0.32	0.48		-0.21	JASCX
EIPFX	0.0	0.24	0.44	0.44	0.59	0.03	-0.07	0.08	-0.21		EIPFX
	BSVSX	MSSVX	SSIFX	SIFZX	DLCMX	ARFFX	CYPIX	PCM	JASCX	EIPFX

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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

SIFZX	+ 1.0	SSIFX
SSIFX	+ 0.84	MSSVX
SIFZX	+ 0.84	MSSVX
PCM	+ 0.81	ARFFX
JASCX	+ 0.79	ARFFX
EIPFX	+ 0.59	DLCMX

High negative correlations

JASCX	- 0.32	CYPIX
PCM	- 0.25	CYPIX
CYPIX	- 0.22	ARFFX
EIPFX	- 0.21	JASCX
CYPIX	- 0.18	DLCMX
JASCX	- 0.11	SIFZX

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
BSVSX	0.00	0.00	0.00	0.00	0.00	0.00	1.76	(2.52)	7.42
MSSVX	1.21	(0.01)	0.01	0.03	1.66	(1.23)	2.50	(2.56)	9.50
SSIFX	0.84	0.02	0.02	0.05	1.11	(0.86)	1.61	(1.60)	5.85
SIFZX	0.85	0.03	0.02	0.06	1.11	(0.87)	1.60	(1.55)	5.85
DLCMX	0.43	0.04	0.01	0.76	0.48	(0.49)	0.85	(0.83)	2.79
ARFFX	0.61	(0.01)	(0.02)	0.02	0.87	(0.62)	1.10	(1.13)	5.22
CYPIX	1.18	0.12	0.06	(0.98)	1.44	(1.23)	2.92	(2.11)	8.69
PCM	0.58	(0.04)	0.00	(0.07)	0.00	0.00	1.38	(1.45)	5.94
JASCX	0.70	(0.04)	0.00	(0.01)	0.00	0.00	1.79	(1.44)	5.71
EIPFX	0.43	0.05	0.02	(4.27)	0.46	(0.43)	0.91	(0.75)	2.26

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