Boston Trust Correlations

Mutual Funds . USA . 
Fund . Boston Trust Smid
BTSMX Fund  USD 24.80  0.06  0.24%   
The current 90-days correlation between Boston Trust Smid and Blackrock Total Stock is 0.86 (i.e., Very poor 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 Smid 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 Boston Trust Smid 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 Smid. 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 population.

Moving together with Boston Mutual Fund

  0.99WAMFX Walden MidcapPairCorr
  0.95WSEFX Walden EquityPairCorr
  1.0WASMX Walden Smid CapPairCorr
  0.67BTBFX Boston Trust AssetPairCorr
  0.96BTEFX Boston Trust EquityPairCorr
  0.62BTMFX Boston Trust MidcapPairCorr
  0.99BOSOX Boston Trust SmallPairCorr
  0.65VIMAX Vanguard Mid CapPairCorr
  0.96VMCPX Vanguard Mid CapPairCorr
  0.65VMCIX Vanguard Mid CapPairCorr
  0.64VEMPX Vanguard Extended MarketPairCorr
  0.64VIEIX Vanguard Extended MarketPairCorr
  0.64VEXMX Vanguard Extended MarketPairCorr
  0.75ASG Liberty All StarPairCorr
  0.62IIF Morgan Stanley IndiaPairCorr
  0.68CII Blackrock EnhancedPairCorr
  0.7IFN India ClosedPairCorr
  0.67ETV Eaton Vance TaxPairCorr
  0.61CRF Cornerstone StrategicPairCorr
  0.73USA Liberty All StarPairCorr
  0.67ETY Eaton Vance TaxPairCorr
  0.8CFNTX California Tax FreePairCorr
  0.93DDDRX Delaware Wealth BuilderPairCorr
  0.98FNPIX Financials UltrasectorPairCorr
  0.89JNVMX Jpmorgan InternationalPairCorr
  0.96GMVAX Goldman Sachs SmallmidPairCorr
  0.9HNSGX Harbor Small CapPairCorr
  0.78FKSTX Nuveen Flagship KansasPairCorr
  0.95JRSDX Intech Managed VolatilityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BASMX  0.67  0.11  0.11  0.25  0.56 
(0.76)
 2.08 
(1.20)
 4.96 
BOSOX  0.83 (0.03)(0.04) 0.09  0.91 
(0.96)
 1.96 
(1.85)
 5.20 
BTMFX  0.66  0.15  0.01 (1.59) 0.63 
(0.77)
 1.72 
(1.23)
 4.63 
WSEFX  0.64  0.01 (0.01) 0.14  0.62 
(0.75)
 1.44 
(1.34)
 4.54 
WAMFX  0.73  0.00 (0.01) 0.13  0.78 
(0.79)
 1.81 
(1.47)
 4.68 
WSBFX  0.38  0.12 (0.03) 11.63  0.19 
(0.46)
 0.81 
(0.66)
 2.89 
WASMX  0.84 (0.03)(0.03) 0.10  0.89 
(0.98)
 1.94 
(1.79)
 5.48 
BTBFX  0.41  0.13  0.00 (24.75) 0.00 
(0.50)
 0.83 
(0.62)
 3.10 
BTEFX  0.63  0.01 (0.01) 0.15  0.59 
(0.72)
 1.48 
(0.99)
 4.27 
BTSMX  0.79 (0.02)(0.02) 0.11  0.83 
(0.93)
 1.83 
(1.63)
 5.00 

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