Boston Trust Correlations

Mutual Funds . USA . 
Fund . Boston Trust Equity
BTEFX Fund  USD 45.51  0.06  0.13%   
The current 90-days correlation between Boston Trust Equity and Boston Trust Asset is 0.99 (i.e., No risk reduction). 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

Almost no diversification

The correlation between Boston Trust Equity and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boston Trust Equity 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 Equity. 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

  0.97WAMFX Walden MidcapPairCorr
  1.0WSBFX Walden Asset ManagementPairCorr
  1.0WSEFX Walden EquityPairCorr
  0.95WASMX Walden Smid CapPairCorr
  1.0BTBFX Boston Trust AssetPairCorr
  0.97BTMFX Boston Trust MidcapPairCorr
  0.96BTSMX Boston Trust SmidPairCorr
  0.94BOSOX Boston Trust SmallPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.99VINIX Vanguard InstitutionalPairCorr
  0.99VIIIX Vanguard InstitutionalPairCorr
  0.96CPAYX Columbia Pacific/asiaPairCorr
  0.97CASAX Columbia Pacific/asiaPairCorr
  0.97CASCX Columbia PacificasiaPairCorr
  0.97MGHRX Morgan Stanley Insti Steady GrowthPairCorr
  0.97MSEQX Growth Portfolio Class Steady GrowthPairCorr
  0.97MSHLX Growth Portfolio ClassPairCorr
  0.99QCEQIX Cref Equity IndexPairCorr
  0.98ACAZX Alger Capital ApprecPairCorr
  0.99FLSPX Spectrum Fund RetailPairCorr
  0.99IRMAX Voya Russelltm MidPairCorr
  0.98ALSAX Alger Smallcap GrowthPairCorr
  0.63SEATX Stet Tax AdvantagedPairCorr
  0.95FFC Flaherty CrumrinePairCorr
  0.99MBAGX Mfs Aggressive GrowthPairCorr
  0.98NSFBX Natixis SustainablePairCorr
  0.97JCNRX Janus ContrarianPairCorr
  0.75SQIFX Sit Quality IncomePairCorr
  0.9GDICX Goldman Sachs ShortPairCorr
  0.95CIOAX Calvert InternationalPairCorr
  0.99PARKX T Rowe PricePairCorr

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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