Bts Managed Correlations

BTSCX Fund

USD 9.63 0.01 0.10%

The current 90-days correlation between Bts Managed Income and John Hancock Financial is 0.64 (i.e., Poor diversification). The correlation of Bts Managed 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 Managed Correlation With Market

Almost no diversification

The correlation between Bts Managed Income and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bts Managed Income 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 Managed Income. 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 unemployment.

Moving together with Bts Mutual Fund

0.97	BTFRX	Bts Tactical Fixed	Pair Corr
0.98	BTFIX	Bts Tactical Fixed	Pair Corr
0.97	BTFCX	Bts Tactical Fixed	Pair Corr
0.98	BTFAX	Bts Tactical Fixed	Pair Corr
1.0	BTSIX	Bts Managed Income	Pair Corr
1.0	BTSAX	Bts Managed Income	Pair Corr
1.0	BTSRX	Bts Managed Income	Pair Corr
0.97	EEQAX	Bts Enhanced Equity	Pair Corr
0.97	EEQIX	Bts Enhanced Equity	Pair Corr
0.91	BSICX	Blackrock Strategic Opps	Pair Corr
0.92	BASIX	Blackrock Strategic Opps	Pair Corr
0.93	BSIIX	Blackrock Strategic	Pair Corr
0.93	BSIKX	Blackrock Strategic	Pair Corr
0.9	JSORX	Jpmorgan Strategic Income	Pair Corr
0.9	PMZNX	Pimco Mortgage Oppor	Pair Corr
0.89	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.88	PMZAX	Pimco Mortgage Oppor	Pair Corr
0.89	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.91	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.79	SMPSX	Semiconductor Ultrasector	Pair Corr
0.74	SMPIX	Semiconductor Ultrasector	Pair Corr
0.94	RSNRX	Victory Global Natural Steady Growth	Pair Corr
0.94	RSNYX	Victory Global Natural Steady Growth	Pair Corr
0.94	RGNCX	Victory Global Natural Steady Growth	Pair Corr
0.78	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.83	FIKGX	Fidelity Advisor Sem	Pair Corr
0.83	FSELX	Fidelity Select Semi	Pair Corr
0.69	FELAX	Fidelity Advisor Sem	Pair Corr
0.75	FELTX	Fidelity Advisor Sem	Pair Corr
0.92	PQTNX	Pimco Trends Managed	Pair Corr
0.87	DAMDX	Dunham Monthly Distr	Pair Corr
0.91	EPLIX	Mainstay Epoch Equity	Pair Corr
0.93	RBHTX	American Funds 2045	Pair Corr
0.95	MAGWX	Mfs Growth Allocation	Pair Corr
0.75	BRKVX	Mfs Blended Research	Pair Corr
0.89	PRIUX	T Rowe Price	Pair Corr
0.92	JVTAX	Janus Venture	Pair Corr
0.88	DCIBX	Dfa Ca Int	Pair Corr
0.68	PDEQX	Prudential Jennison	Pair Corr

Related Correlations Analysis

	ICFAX	PSSRX	FIDAX	VFAIX	BTO
ICFAX		0.84	-0.56	0.9	0.9	ICFAX
PSSRX	0.84		-0.89	0.9	0.84	PSSRX
FIDAX	-0.56	-0.89		-0.63	-0.59	FIDAX
VFAIX	0.9	0.9	-0.63		0.86	VFAIX
BTO	0.9	0.84	-0.59	0.86		BTO
	ICFAX	PSSRX	FIDAX	VFAIX	BTO

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

VFAIX	+ 0.9	ICFAX
BTO	+ 0.9	ICFAX
VFAIX	+ 0.9	PSSRX
BTO	+ 0.86	VFAIX
PSSRX	+ 0.84	ICFAX
BTO	+ 0.84	PSSRX

High negative correlations

FIDAX	- 0.89	PSSRX
VFAIX	- 0.63	FIDAX
BTO	- 0.59	FIDAX
FIDAX	- 0.56	ICFAX

Risk-Adjusted Indicators

There is a big difference between Bts Mutual Fund performing well and Bts Managed 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 Managed'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
ICFAX	0.86	0.15	0.20	0.22	0.44	(1.19)	1.66	(0.98)	14.63
PSSRX	0.88	0.14	0.14	0.19	0.72	(1.00)	1.90	(1.75)	12.65
FIDAX	1.30	(0.44)	0.00	(0.53)	0.00	0.00	1.78	(1.82)	33.76
VFAIX	0.67	(0.05)	(0.05)	0.02	0.92	(0.65)	1.35	(1.72)	4.39
BTO	0.91	0.07	0.06	0.14	0.96	(0.97)	2.95	(1.84)	4.62

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