Bts Tactical Correlations

BTFAX Fund

USD 7.94 0.01 0.13%

The current 90-days correlation between Bts Tactical Fixed and Bts Managed Income is 0.77 (i.e., Poor diversification). The correlation of Bts Tactical 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.

Bts Tactical Correlation With Market

Very weak diversification

The correlation between Bts Tactical Fixed and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bts Tactical Fixed 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 Bts Tactical Fixed. 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 nation.

Moving together with Bts Mutual Fund

1.0	BTFRX	Bts Tactical Fixed	Pair Corr
0.99	BTFIX	Bts Tactical Fixed	Pair Corr
0.99	BTFCX	Bts Tactical Fixed	Pair Corr
0.84	BTSIX	Bts Managed Income	Pair Corr
0.86	BTSCX	Bts Managed Income	Pair Corr
0.84	BTSAX	Bts Managed Income	Pair Corr
0.85	BTSRX	Bts Managed Income	Pair Corr
0.63	VFINX	Vanguard 500 Index	Pair Corr
0.79	FSAHX	Fidelity Short Duration	Pair Corr
0.64	JDCAX	Janus Forty Fund	Pair Corr
0.69	FAGIX	Fidelity Capital Income	Pair Corr
0.76	RIDAX	Income Fund	Pair Corr
0.62	VSMAX	Vanguard Small Cap	Pair Corr
0.74	FIUIX	Fidelity Telecom And	Pair Corr
0.64	AMDVX	Mid Cap Value	Pair Corr
0.7	VVIAX	Vanguard Value Index	Pair Corr

Moving against Bts Mutual Fund

0.57

Korea Closed

Pair Corr

Related Correlations Analysis

	BTSAX	VEIPX	VWELX	RCILX	VMIAX	CSQ	PAHHX
BTSAX		0.89	0.92	0.77	0.65	0.88	0.83	BTSAX
VEIPX	0.89		0.96	0.79	0.82	0.96	0.9	VEIPX
VWELX	0.92	0.96		0.77	0.78	0.96	0.93	VWELX
RCILX	0.77	0.79	0.77		0.58	0.82	0.63	RCILX
VMIAX	0.65	0.82	0.78	0.58		0.73	0.91	VMIAX
CSQ	0.88	0.96	0.96	0.82	0.73		0.85	CSQ
PAHHX	0.83	0.9	0.93	0.63	0.91	0.85		PAHHX
	BTSAX	VEIPX	VWELX	RCILX	VMIAX	CSQ	PAHHX

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Risk-Adjusted Indicators

There is a big difference between Bts Mutual Fund performing well and Bts Tactical 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 Bts Tactical'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
BTSAX	0.16	0.00	(0.39)	0.14	0.00	(0.20)	0.31	(0.31)	0.94
VEIPX	0.50	0.00	(0.04)	0.12	0.37	(0.58)	1.07	(0.82)	3.73
VWELX	0.37	(0.02)	(0.13)	0.08	0.48	(0.39)	0.81	(0.82)	2.48
RCILX	0.12	0.01	(0.18)	0.39	0.26	(0.18)	0.10	(0.21)	3.59
VMIAX	0.71	(0.03)	(0.05)	0.08	0.76	(0.80)	1.61	(1.19)	4.23
CSQ	0.59	0.03	0.01	0.16	0.66	(0.65)	1.33	(1.29)	3.77
PAHHX	0.40	(0.03)	(0.15)	0.06	0.48	(0.44)	0.85	(0.84)	2.54

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