Balter Invenomic Correlations

Mutual Funds USA . 
Fund . Balter Invenomic Fund
BIVIX Fund  USD 17.30  0.19  1.11%   
The current 90-days correlation between Balter Invenomic and Calvert Global Energy is -0.17 (i.e., Good diversification). The correlation of Balter Invenomic 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.

Balter Invenomic Correlation With Market

Good diversification

The correlation between Balter Invenomic Fund and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Balter Invenomic Fund 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 Balter Invenomic Fund. 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 Balter Mutual Fund

  1.0BIVRX Balter InvenomicPairCorr
  0.8PWLIX Pimco Rae WorldwidePairCorr
  0.8PWLMX Pimco Rae WorldwidePairCorr

Moving against Balter Mutual Fund

  0.78VTSAX Vanguard Total StockPairCorr
  0.78VSMPX Vanguard Total StockPairCorr
  0.78VSTSX Vanguard Total StockPairCorr
  0.76VFIAX Vanguard 500 IndexPairCorr
  0.75DIAYX Diamond Hill LongPairCorr
  0.73VTSMX Vanguard Total StockPairCorr
  0.73VITSX Vanguard Total StockPairCorr
  0.65ASLAX Ab Select LongshortPairCorr
  0.55QLERX Aqr Long ShortPairCorr
  0.52NLSIX Neuberger Berman LongPairCorr
  0.5NLSAX Neuberger Berman LongPairCorr
  0.49DHLSX Diamond Hill LongPairCorr
  0.48DIAMX Diamond Hill LongPairCorr
  0.46NLSCX Neuberger Berman LongPairCorr
  0.81PQTNX Pimco Trends ManagedPairCorr
  0.81KCTAX Deutsche California TaxPairCorr
  0.8VFFSX Vanguard 500 IndexPairCorr
  0.76VFINX Vanguard 500 IndexPairCorr
  0.73VGTSX Vanguard Total InterPairCorr
  0.73VTIAX Vanguard Total InterPairCorr
  0.7LIRPX Blackrock Lifepath IndexPairCorr
  0.7FEORX First Eagle OverseasPairCorr
  0.69VGPMX Vanguard Global CapitalPairCorr
  0.69FFPNX American Funds NewPairCorr
  0.67PITEX Tax Exempt BondPairCorr
  0.64DHEYX Diamond Hill ShortPairCorr
  0.61LLMRX Qs Moderate GrowthPairCorr
  0.6BLDPX Blackrock Low DurationPairCorr
  0.59STTIX Stadion Trilogy AltePairCorr
  0.56MXBQX Great West LifetimePairCorr
  0.52FXIRX Fixed Income SharesPairCorr
  0.49RGVGX Us Government SecuritiesPairCorr
  0.83FWWNX American Funds NewPairCorr
  0.8DMHIX Delaware Minnesota HighPairCorr
  0.79WXCIX William Blair EmergPairCorr
  0.78FWCCX Nuveen Wisconsin MunPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Balter Mutual Fund performing well and Balter Invenomic 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 Balter Invenomic'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.

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