Boyd Watterson Correlations

BWDIX Fund

USD 9.74 0.01 0.10%

The current 90-days correlation between Boyd Watterson and Federated Government Income is 0.54 (i.e., Very weak 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

Significant diversification

The correlation between Boyd Watterson Limited and DJI is 0.01 (i.e., Significant 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

1.0	BWDTX	Boyd Watterson	Pair Corr
0.91	PONAX	Pimco Income	Pair Corr
0.9	PONCX	Pimco Income	Pair Corr
0.91	PIPNX	Pimco Income	Pair Corr
0.89	PONRX	Pimco Income	Pair Corr
0.9	PONPX	Pimco Incme Fund	Pair Corr
0.91	PIINX	Pimco Income	Pair Corr
0.91	PIMIX	Pimco Income	Pair Corr
0.99	LBNDX	Lord Abbett Bond	Pair Corr
0.99	FSTAX	Fidelity Advisor Str	Pair Corr
0.98	FSRIX	Fidelity Advisor Str	Pair Corr
0.97	PFN	Pimco Income Strategy	Pair Corr
0.96	CIF	Mfs Intermediate High	Pair Corr
0.94	PCF	Putnam High Income	Pair Corr
0.94	TIQIX	Touchstone Sustainability	Pair Corr
0.99	LHYVX	Lord Abbett High	Pair Corr
0.97	FAEGX	Fidelity Advisor Equity	Pair Corr
0.98	RGAEX	Growth Fund	Pair Corr
0.78	ABNCX	Ab Bond Inflation	Pair Corr
0.98	JSGIX	John Hancock Strategic	Pair Corr
0.98	DAADX	Dfa Emerging Markets	Pair Corr
0.98	MMFLX	Massmutual Select	Pair Corr
0.74	IFBFX	Intermediate Bond	Pair Corr
0.97	IPSHX	Pinnacle Sherman Multi	Pair Corr
0.98	LCEVX	Invesco Diversified	Pair Corr
0.97	SCGCX	Qs Moderate Growth	Pair Corr
0.95	WNYIX	Wilmington New York	Pair Corr
0.97	DODGX	Dodge Stock Fund	Pair Corr
0.62	FSTGX	Fidelity Intermediate	Pair Corr
0.99	PMAIX	Pioneer Multi Asset	Pair Corr
0.91	CCGIX	Chautauqua Global Growth	Pair Corr
0.94	FTBRX	Fidelity Advisor	Pair Corr
0.7	FTRLX	Federated Total Return	Pair Corr
0.71	NMKYX	North Square Mckee	Pair Corr

Moving against Boyd Mutual Fund

0.48	XDSMX	Dreyfus Strategic	Pair Corr
0.56	XNBHX	Neuberger Berman Int	Pair Corr

Related Correlations Analysis

	FICMX	PYUSX	SSAGX	DPIGX	DNCGX	SIGVX	ELMXX	UGSDX
FICMX		0.92	0.68	0.9	0.83	0.69	0.32	0.53	FICMX
PYUSX	0.92		0.87	0.98	0.88	0.88	0.4	0.73	PYUSX
SSAGX	0.68	0.87		0.9	0.84	0.99	0.56	0.85	SSAGX
DPIGX	0.9	0.98	0.9		0.91	0.91	0.42	0.73	DPIGX
DNCGX	0.83	0.88	0.84	0.91		0.85	0.44	0.64	DNCGX
SIGVX	0.69	0.88	0.99	0.91	0.85		0.57	0.88	SIGVX
ELMXX	0.32	0.4	0.56	0.42	0.44	0.57		0.63	ELMXX
UGSDX	0.53	0.73	0.85	0.73	0.64	0.88	0.63		UGSDX
	FICMX	PYUSX	SSAGX	DPIGX	DNCGX	SIGVX	ELMXX	UGSDX

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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
FICMX	0.31	0.01	(0.27)	0.57	0.35	(0.34)	0.56	(0.68)	1.49
PYUSX	0.14	0.00	(0.68)	0.36	0.07	(0.19)	0.32	(0.21)	0.75
SSAGX	0.06	0.01	(1.22)	2.26	0.00	(0.18)	0.10	(0.10)	0.61
DPIGX	0.09	0.00	(0.97)	0.40	0.00	(0.13)	0.11	(0.21)	0.63
DNCGX	0.19	0.01	(0.43)	0.25	0.15	(0.23)	0.32	(0.41)	1.05
SIGVX	0.06	0.01	(1.15)	0.79	0.00	(0.20)	0.10	(0.10)	0.61
ELMXX	0.03	0.00	0.00	2.12	0.00	0.00	0.00	0.00	1.01
UGSDX	0.03	0.00	0.00	0.75	0.00	0.00	0.00	0.00	0.52

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