Bts Managed Correlations

BTSRX Fund

USD 9.71 0.02 0.21%

The current 90-days correlation between Bts Managed Income and Aqr Long Short Equity is 0.49 (i.e., Very weak 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

Poor diversification

The correlation between Bts Managed Income and DJI is 0.62 (i.e., Poor 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 metropolitan statistical area.

Moving together with Bts Mutual Fund

0.85	BSIKX	Blackrock Strategic	Pair Corr
0.87	BSICX	Blackrock Strategic Opps	Pair Corr
0.86	BASIX	Blackrock Strategic Opps	Pair Corr
0.85	BSIIX	Blackrock Strategic	Pair Corr
0.62	JSORX	Jpmorgan Strategic Income	Pair Corr
0.63	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.64	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.76	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.83	FTYPX	Fidelity Freedom Index	Pair Corr
0.77	FFBTX	Fidelity Freedom Blend	Pair Corr
0.79	GQLOX	Gmo Quality Fund	Pair Corr
0.83	GHVIX	Gmo High Yield	Pair Corr
0.73	T	ATT Inc	Pair Corr
0.66	KO	Coca Cola	Pair Corr
0.71	CVX	Chevron Corp	Pair Corr
0.63	VZ	Verizon Communications Aggressive Push	Pair Corr
0.82	GE	GE Aerospace	Pair Corr
0.65	INTC	Intel	Pair Corr
0.73	IBM	International Business	Pair Corr
0.68	WMT	Walmart	Pair Corr
0.75	MMM	3M Company	Pair Corr
0.78	JNJ	Johnson Johnson	Pair Corr
0.76	CSCO	Cisco Systems	Pair Corr

Moving against Bts Mutual Fund

0.61	MRK	Merck Company Aggressive Push	Pair Corr
0.4	MSFT	Microsoft Aggressive Push	Pair Corr

Related Correlations Analysis

	QLENX	PIEFX	PWEAX	CDHIX	TEDMX	ZEMIX
QLENX		0.67	0.52	0.81	0.67	0.78	QLENX
PIEFX	0.67		0.95	0.87	0.98	0.86	PIEFX
PWEAX	0.52	0.95		0.84	0.95	0.76	PWEAX
CDHIX	0.81	0.87	0.84		0.89	0.8	CDHIX
TEDMX	0.67	0.98	0.95	0.89		0.85	TEDMX
ZEMIX	0.78	0.86	0.76	0.8	0.85		ZEMIX
	QLENX	PIEFX	PWEAX	CDHIX	TEDMX	ZEMIX

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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
QLENX	0.42	0.16	0.44	0.40	0.24	(0.48)	0.83	(0.65)	2.31
PIEFX	0.86	0.10	0.14	0.29	1.08	(0.85)	1.64	(1.98)	4.52
PWEAX	0.64	0.06	0.15	0.16	0.75	(0.70)	1.19	(1.49)	3.27
CDHIX	0.61	0.13	0.19	0.16	0.71	(0.65)	1.23	(1.24)	3.59
TEDMX	0.74	0.09	0.16	0.16	0.85	(0.79)	1.47	(1.64)	3.66
ZEMIX	0.75	0.09	0.16	14.61	0.82	(0.85)	1.70	(1.57)	4.37

Trending Assets

ZEMIX

Investec Emerging Markets

11.31 0.35 3.19

PIEFX

Pnc Emerging Markets

16.36 -0.1 -0.61

TEDMX

Templeton Developing

20.18 -0.15 -0.74

CDHIX

Calvert Developed Market

31.86 -0.36 -1.12

QLENX

Aqr Long Short

16.81 -0.08 -0.47

PWEAX

Pace International

13.55 -0.06 -0.44

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