Bts Managed Correlations

BTSIX Fund

USD 9.64 0.01 0.10%

The current 90-days correlation between Bts Managed Income and T Rowe Price is 0.04 (i.e., Significant 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

Good diversification

The correlation between Bts Managed Income and DJI is -0.03 (i.e., Good 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

0.75	BTFIX	Bts Tactical Fixed	Pair Corr
0.83	BTFCX	Bts Tactical Fixed	Pair Corr
0.75	BTSAX	Bts Managed Income	Pair Corr
1.0	BTSRX	Bts Managed Income	Pair Corr

Moving against Bts Mutual Fund

0.45	BSIIX	Blackrock Strategic	Pair Corr
0.49	NHS	Neuberger Berman High	Pair Corr
0.48	EMFIX	Ashmore Emerging Markets	Pair Corr
0.48	EDIRX	Eaton Vance Global	Pair Corr
0.4	RPFIX	Royce Premier	Pair Corr
0.35	TRPSX	Tiaa Cref Social	Pair Corr
0.32	FSCJX	Fidelity Sai Canada	Pair Corr
0.45	VEIPX	Vanguard Equity Income	Pair Corr
0.42	FIUSX	First Investors Oppo	Pair Corr
0.38	MGTIX	Massachusetts Investors	Pair Corr
0.33	IAGAX	Voya Solution Moderately	Pair Corr

Related Correlations Analysis

	PARCX	BOSVX	SCYVX	AUERX	EICVX	OPTCX	FLDFX	USCBX
PARCX		0.9	0.88	0.85	0.81	0.81	0.92	0.47	PARCX
BOSVX	0.9		0.96	0.96	0.93	0.88	0.94	0.37	BOSVX
SCYVX	0.88	0.96		0.93	0.91	0.83	0.93	0.31	SCYVX
AUERX	0.85	0.96	0.93		0.93	0.87	0.93	0.27	AUERX
EICVX	0.81	0.93	0.91	0.93		0.9	0.89	0.26	EICVX
OPTCX	0.81	0.88	0.83	0.87	0.9		0.91	0.44	OPTCX
FLDFX	0.92	0.94	0.93	0.93	0.89	0.91		0.41	FLDFX
USCBX	0.47	0.37	0.31	0.27	0.26	0.44	0.41		USCBX
	PARCX	BOSVX	SCYVX	AUERX	EICVX	OPTCX	FLDFX	USCBX

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
PARCX	0.39	0.07	0.04	0.24	0.00	(0.46)	0.82	(0.65)	4.41
BOSVX	0.96	0.26	0.26	0.40	0.43	(1.16)	2.20	(1.37)	8.85
SCYVX	0.78	0.10	0.10	0.21	0.70	(0.90)	2.27	(1.56)	4.47
AUERX	0.97	0.27	0.23	0.53	0.57	(1.24)	2.06	(1.68)	12.63
EICVX	0.69	0.17	0.10	2.04	0.39	(0.84)	1.36	(0.87)	8.80
OPTCX	0.15	0.01	(0.35)	0.35	0.10	(0.21)	0.40	(0.40)	1.01
FLDFX	0.47	0.08	(0.04)	1.52	0.44	(0.54)	0.93	(0.96)	3.75
USCBX	0.10	0.02	(0.66)	1.42	0.00	(0.16)	0.29	(0.19)	0.59

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