Balter Invenomic Correlations

BIVIX Fund

USD 18.00 0.29 1.59%

The current 90-days correlation between Balter Invenomic and Nuveen Ohio Municipal is 0.13 (i.e., Average diversification). The correlation of Balter Invenomic 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.

Balter Invenomic Correlation With Market

Modest diversification

The correlation between Balter Invenomic Fund and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Balter Invenomic Fund 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 Balter Invenomic Fund. 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 Balter Mutual Fund

0.8

BIVRX

Balter Invenomic

Pair Corr

Moving against Balter Mutual Fund

0.62	NLSCX	Neuberger Berman Long	Pair Corr
0.62	NLSAX	Neuberger Berman Long	Pair Corr
0.61	NLSIX	Neuberger Berman Long	Pair Corr
0.43	PCF	Putnam High Income	Pair Corr

Related Correlations Analysis

	PATFX	MDMTX	TOHIX	SWSFX	BBINX	FAFMX
PATFX		0.99	0.99	0.85	0.99	0.99	PATFX
MDMTX	0.99		0.98	0.8	0.97	0.98	MDMTX
TOHIX	0.99	0.98		0.87	0.99	0.99	TOHIX
SWSFX	0.85	0.8	0.87		0.89	0.83	SWSFX
BBINX	0.99	0.97	0.99	0.89		0.97	BBINX
FAFMX	0.99	0.98	0.99	0.83	0.97		FAFMX
	PATFX	MDMTX	TOHIX	SWSFX	BBINX	FAFMX

Risk-Adjusted Indicators

There is a big difference between Balter Mutual Fund performing well and Balter Invenomic 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 Balter Invenomic'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PATFX	0.10	0.02	(0.26)	1.96	(0.14)	0.27	(0.18)	0.81
MDMTX	0.09	0.01	(0.24)	(1.86)	(0.16)	0.19	(0.10)	0.87
TOHIX	0.08	0.01	(0.26)	(1.98)	(0.13)	0.19	(0.09)	0.65
SWSFX	0.04	0.01	0.00	0.88	0.00	0.10	0.00	0.49
BBINX	0.07	0.02	0.00	(9.77)	0.00	0.19	(0.10)	0.48
FAFMX	0.07	0.01	(0.27)	2.02	(0.12)	0.19	(0.19)	0.75

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