Bts Tactical Correlations

Mutual Funds . USA . 
Fund . Bts Tactical Fixed
BTFIX Fund  USD 7.65  0.01  0.13%   
The current 90-days correlation between Bts Tactical Fixed and Bts Tactical Fixed is 0.91 (i.e., Almost no diversification). The correlation of Bts Tactical 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 Tactical Correlation With Market

Good diversification

The correlation between Bts Tactical Fixed and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bts Tactical Fixed 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 Tactical Fixed. 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

  1.0BTFRX Bts Tactical FixedPairCorr
  0.99BTFCX Bts Tactical FixedPairCorr
  0.73BTSRX Bts Managed IncomePairCorr
  0.89EEQAX Bts Enhanced EquityPairCorr
  0.94BSIKX Blackrock StrategicPairCorr
  0.94BSICX Blackrock Strategic OppsPairCorr
  0.95BASIX Blackrock Strategic OppsPairCorr
  0.94BSIIX Blackrock StrategicPairCorr
  0.92JSORX Jpmorgan Strategic IncomePairCorr
  0.91JSOZX Jpmorgan Strategic IncomePairCorr
  0.9JSOCX Jpmorgan Strategic IncomePairCorr
  0.91JSOSX Jpmorgan Strategic IncomePairCorr
  0.91JSOAX Jpmorgan Strategic IncomePairCorr
  0.87PMZCX Pimco Mortgage OpporPairCorr
  0.86PDI Pimco Dynamic IncomePairCorr
  0.94FTCAX Templeton Strained BondPairCorr
  0.9LSIIX Loomis Sayles InvestmentPairCorr
  0.89CSGCX Calvert Balanced PorPairCorr
  0.87TILCX T Rowe PricePairCorr
  0.9PRSIX Trowe Price PersonalPairCorr
  0.88TEMUX Emerging Markets EquityPairCorr
  0.95KAMCX Kensington Managed IncomePairCorr
  0.89BEQAX Equity GrowthPairCorr
  0.94BUBSX Baird Ultra ShortPairCorr
  0.81WEGRX Allspring Emerging GrowthPairCorr
  0.76FICMX Federated GovernmentPairCorr
  0.88FTZFX Fuller Thaler BehavioralPairCorr
  0.9QGRPX Ubs Quality GrowthPairCorr
  0.88LGLFX Lord Abbett GrowthPairCorr
  0.64FIBLX American Funds InflationPairCorr
  0.84ATECX Ab Sustainable GlobalPairCorr
  0.87OPTIX Oppenheimer CapitalPairCorr

Moving against Bts Mutual Fund

  0.82USPSX Profunds UltrashortPairCorr
  0.71TCTGX Transamerica CleartrackPairCorr
  0.71TCTJX Transamerica CleartrackPairCorr
  0.7TDKTX Cleartrack 2015 ClassPairCorr
  0.7TCSUX Cleartrack 2020 ClassPairCorr
  0.82USPIX Profunds UltrashortPairCorr
  0.81UIPIX Ultrashort Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Bts Mutual Fund performing well and Bts Tactical 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 Tactical'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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