Bts Managed Correlations

BTSIX Fund

USD 9.71 0.01 0.10%

The current 90-days correlation between Bts Managed Income and Bts Enhanced Equity is -0.11 (i.e., Good 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 0.92 (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 gross domestic product.

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
0.96	BTFAX	Bts Tactical Fixed	Pair Corr
1.0	BTSCX	Bts Managed Income	Pair Corr
0.98	BTSAX	Bts Managed Income	Pair Corr
1.0	BTSRX	Bts Managed Income	Pair Corr
0.93	EEQAX	Bts Enhanced Equity	Pair Corr
0.94	EEQIX	Bts Enhanced Equity	Pair Corr
0.97	BSICX	Blackrock Strategic Opps	Pair Corr
0.97	BASIX	Blackrock Strategic Opps	Pair Corr
0.97	BSIIX	Blackrock Strategic	Pair Corr
0.97	BSIKX	Blackrock Strategic	Pair Corr
0.93	PMZNX	Pimco Mortgage Oppor	Pair Corr
0.93	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.92	PMZAX	Pimco Mortgage Oppor	Pair Corr
0.96	JSORX	Jpmorgan Strategic Income	Pair Corr
0.96	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.97	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.86	SMPIX	Semiconductor Ultrasector	Pair Corr
0.86	SMPSX	Semiconductor Ultrasector	Pair Corr
0.91	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.91	PMPSX	Precious Metals Ultr Steady Growth	Pair Corr
0.93	FGADX	Franklin Gold Precious Steady Growth	Pair Corr
0.93	OCMAX	Ocm Mutual Fund Steady Growth	Pair Corr
0.93	INIIX	International Investors Steady Growth	Pair Corr
0.93	GOLDX	Gabelli Gold Steady Growth	Pair Corr
0.93	IIGCX	International Investors Steady Growth	Pair Corr
0.92	ACGGX	Global Gold Fund Steady Growth	Pair Corr
0.84	GARIX	Gotham Absolute Return	Pair Corr
0.87	GSCOX	Goldman Sachs Small	Pair Corr
0.92	VLEQX	Villere Equity	Pair Corr
0.96	PRQAX	Pimco Realpath Blend	Pair Corr
0.96	VPMCX	Vanguard Primecap	Pair Corr
0.98	SSBYX	State Street Target	Pair Corr
0.94	IMCVX	Voya Multi Manager	Pair Corr
0.96	FEREX	First Eagle Funds	Pair Corr
0.92	OSIIX	Oppenheimer Global Strtgc	Pair Corr
0.96	VWINX	Vanguard Wellesley Income	Pair Corr

Related Correlations Analysis

	BTFIX	BTFCX	BTFAX	BTSIX	BTSCX	BTSAX	BTSRX	EEQAX	EEQIX
BTFIX		0.99	0.96	0.98	0.99	0.95	0.98	0.89	0.89	BTFIX
BTFCX	0.99		0.95	0.97	0.98	0.94	0.97	0.87	0.87	BTFCX
BTFAX	0.96	0.95		0.96	0.96	0.98	0.96	0.9	0.9	BTFAX
BTSIX	0.98	0.97	0.96		1.0	0.98	1.0	0.93	0.94	BTSIX
BTSCX	0.99	0.98	0.96	1.0		0.97	1.0	0.93	0.93	BTSCX
BTSAX	0.95	0.94	0.98	0.98	0.97		0.97	0.95	0.95	BTSAX
BTSRX	0.98	0.97	0.96	1.0	1.0	0.97		0.93	0.93	BTSRX
EEQAX	0.89	0.87	0.9	0.93	0.93	0.95	0.93		1.0	EEQAX
EEQIX	0.89	0.87	0.9	0.94	0.93	0.95	0.93	1.0		EEQIX
	BTFIX	BTFCX	BTFAX	BTSIX	BTSCX	BTSAX	BTSRX	EEQAX	EEQIX

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
BTFIX	0.15	0.01	(0.31)	0.12	0.00	(0.21)	0.40	(0.26)	0.92
BTFCX	0.14	0.01	(0.36)	0.13	0.00	(0.21)	0.39	(0.26)	1.06
BTFAX	0.13	0.02	(0.36)	(3.26)	0.00	(0.19)	0.39	(0.26)	0.92
BTSIX	0.15	0.02	(0.27)	0.20	0.00	(0.21)	0.32	(0.21)	1.05
BTSCX	0.16	0.02	(0.29)	0.18	0.00	(0.22)	0.42	(0.21)	1.05
BTSAX	0.16	0.04	(0.27)	(2.58)	0.00	(0.23)	0.42	(0.31)	0.94
BTSRX	0.16	0.02	(0.26)	0.17	0.00	(0.21)	0.42	(0.31)	1.05
EEQAX	0.40	0.13	0.05	(1.91)	0.05	(0.53)	1.06	(0.69)	2.59
EEQIX	0.40	0.13	0.05	(1.51)	0.06	(0.50)	1.06	(0.69)	2.48

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Bts Managed Correlations

Bts Managed Correlation With Market

Almost no diversification

Moving together with Bts Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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