Bats Series Correlations

BRAMX Fund

USD 8.31 0.01 0.12%

The current 90-days correlation between Bats Series M and Delaware Limited Term Diversified is 0.7 (i.e., Poor diversification). The correlation of Bats Series 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.

Bats Series Correlation With Market

Average diversification

The correlation between Bats Series M and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bats Series M 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 Bats Series M. 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 Bats Mutual Fund

0.78	MKCMX	Blackrock California	Pair Corr
0.64	MKILX	Blackrock International	Pair Corr
0.86	MKMTX	Blackrock Strategic	Pair Corr
0.96	BRACX	Bats Series C	Pair Corr
0.87	MKNKX	Blackrock New York	Pair Corr
0.66	MKNJX	Blackrock New Jersey	Pair Corr
0.79	BRCPX	Blackrock Conservative	Pair Corr
0.74	BREKX	Blackrock International	Pair Corr
0.74	BRECX	Blackrock International	Pair Corr
0.71	BREAX	Blackrock International	Pair Corr
0.96	MKWIX	Blackrock Strategic	Pair Corr
0.74	BROKX	Blackrock Advantage	Pair Corr

Moving against Bats Mutual Fund

0.85	BRBCX	Blackrock Tactical	Pair Corr
0.7	MKFOX	Blackrock Large Cap	Pair Corr
0.6	MKGCX	Blackrock Advantage	Pair Corr
0.52	MKDVX	Blackrock Equity Dividend	Pair Corr
0.41	BRAPX	Blackrock Aggressive	Pair Corr
0.69	BRGAX	Blckrck Fdsiii Rssll	Pair Corr
0.67	BRGNX	Blckrck Fdsiii Rssll	Pair Corr
0.67	BRGKX	Blckrck Fds Iii	Pair Corr
0.62	MKSPX	Blackrock Advantage Total	Pair Corr
0.5	MKSCX	Blackrock Funds	Pair Corr
0.65	BRMIX	Blackrock Midcap Index	Pair Corr
0.65	BRMAX	Blackrock Midcap Index	Pair Corr
0.65	BRMKX	Blackrock Midcap Index	Pair Corr
0.59	BACAX	Blackrock All Cap	Pair Corr
0.57	BACCX	Blackrock All Cap	Pair Corr
0.45	BAAPX	Blackrock Aggressive	Pair Corr

Related Correlations Analysis

	DTICX	PQCNX	PGFCX	EVFCX	FZABX	BICPX	XWDIX
DTICX		0.59	0.74	0.72	0.23	0.72	0.49	DTICX
PQCNX	0.59		0.28	0.43	0.5	0.75	0.92	PQCNX
PGFCX	0.74	0.28		0.94	0.45	0.78	0.31	PGFCX
EVFCX	0.72	0.43	0.94		0.57	0.89	0.49	EVFCX
FZABX	0.23	0.5	0.45	0.57		0.67	0.53	FZABX
BICPX	0.72	0.75	0.78	0.89	0.67		0.76	BICPX
XWDIX	0.49	0.92	0.31	0.49	0.53	0.76		XWDIX
	DTICX	PQCNX	PGFCX	EVFCX	FZABX	BICPX	XWDIX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Bats Mutual Fund performing well and Bats Series 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 Bats Series' 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
DTICX	0.08	0.00	(0.54)	(0.26)	0.01	(0.14)	0.13	(0.13)	0.64
PQCNX	0.23	(0.04)	0.00	(0.59)	0.00	0.00	0.46	(0.69)	1.40
PGFCX	0.23	0.02	(0.21)	0.87	0.21	(0.28)	0.48	(0.48)	1.43
EVFCX	0.16	0.00	(0.36)	0.04	0.15	(0.21)	0.40	(0.31)	1.12
FZABX	0.71	(0.06)	0.00	1.29	0.00	0.00	1.18	(1.71)	4.32
BICPX	0.19	(0.01)	0.00	(0.55)	0.00	0.00	0.44	(0.43)	1.21
XWDIX	0.16	(0.03)	0.00	(2.13)	0.00	0.00	0.32	(0.38)	1.39

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