Bts Tactical Correlations

BTFRX Fund

USD 7.86 0.01 0.13%

The current 90-days correlation between Bts Tactical Fixed and Prudential Financial Services is 0.31 (i.e., Weak 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

Weak diversification

The correlation between Bts Tactical Fixed and DJI is 0.39 (i.e., 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 metropolitan statistical area.

Moving together with Bts Mutual Fund

0.78	BTFIX	Bts Tactical Fixed	Pair Corr
0.79	BTFCX	Bts Tactical Fixed	Pair Corr
0.81	BTFAX	Bts Tactical Fixed	Pair Corr
0.72	BTSIX	Bts Managed Income	Pair Corr
0.91	BTSCX	Bts Managed Income	Pair Corr
0.92	BTSAX	Bts Managed Income	Pair Corr
0.73	BTSRX	Bts Managed Income	Pair Corr
0.82	BSIKX	Blackrock Strategic	Pair Corr
0.83	BSICX	Blackrock Strategic Opps	Pair Corr
0.84	BASIX	Blackrock Strategic Opps	Pair Corr
0.82	BSIIX	Blackrock Strategic	Pair Corr
0.8	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.68	FNSTX	Fidelity Infrastructure	Pair Corr
0.83	JPVZX	Jpmorgan International	Pair Corr
0.81	SSAIX	Ssga International Stock	Pair Corr
0.7	SRORX	Calamos Antetokounmpo	Pair Corr
0.84	VTRCX	Voya Target Retirement	Pair Corr
0.63	ALSAX	Alger Smallcap Growth	Pair Corr

Related Correlations Analysis

	PSSRX	VMRXX	AEYXX	SWGXX	JHMXX	DVFYX	GCFSX	XFINX
PSSRX		-0.47	0.0	-0.58	0.0	0.77	0.71	0.25	PSSRX
VMRXX	-0.47		0.0	0.43	0.0	-0.26	-0.12	0.32	VMRXX
AEYXX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AEYXX
SWGXX	-0.58	0.43	0.0		0.0	-0.08	-0.1	0.14	SWGXX
JHMXX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	JHMXX
DVFYX	0.77	-0.26	0.0	-0.08	0.0		0.66	0.41	DVFYX
GCFSX	0.71	-0.12	0.0	-0.1	0.0	0.66		0.15	GCFSX
XFINX	0.25	0.32	0.0	0.14	0.0	0.41	0.15		XFINX
	PSSRX	VMRXX	AEYXX	SWGXX	JHMXX	DVFYX	GCFSX	XFINX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DVFYX	+ 0.77	PSSRX
GCFSX	+ 0.71	PSSRX
GCFSX	+ 0.66	DVFYX
SWGXX	+ 0.43	VMRXX
XFINX	+ 0.41	DVFYX
XFINX	+ 0.32	VMRXX

High negative correlations

SWGXX	- 0.58	PSSRX
VMRXX	- 0.47	PSSRX
DVFYX	- 0.26	VMRXX
GCFSX	- 0.12	VMRXX
GCFSX	- 0.1	SWGXX
DVFYX	- 0.08	SWGXX

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
PSSRX	0.90	0.02	0.00	0.11	1.36	(0.97)	1.51	(1.79)	11.81
VMRXX	0.03	0.01	0.00	(0.19)	0.00	0.00	0.00	0.00	1.01
AEYXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SWGXX	0.03	0.01	0.00	(1.61)	0.00	0.00	0.00	0.00	1.01
JHMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DVFYX	0.79	0.07	0.03	0.21	0.91	(0.87)	1.35	(1.39)	9.40
GCFSX	0.62	0.07	0.04	0.21	0.73	(0.72)	1.50	(1.23)	6.27
XFINX	0.13	0.01	(0.18)	(0.31)	0.17	(0.16)	0.29	(0.28)	1.14

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