Bts Managed Correlations

BTSCX Fund

USD 9.71 0.01 0.10%

The current 90-days correlation between Bts Managed Income and Bts Tactical Fixed is 0.91 (i.e., Almost no 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 -0.08 (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 private.

Moving together with Bts Mutual Fund

0.98	BTFRX	Bts Tactical Fixed	Pair Corr
0.98	BTFIX	Bts Tactical Fixed	Pair Corr
0.98	BTFCX	Bts Tactical Fixed	Pair Corr
0.92	BTFAX	Bts Tactical Fixed	Pair Corr
0.92	BTSIX	Bts Managed Income	Pair Corr
0.92	BTSAX	Bts Managed Income	Pair Corr
0.92	BTSRX	Bts Managed Income	Pair Corr
0.89	EEQAX	Bts Enhanced Equity	Pair Corr
0.89	EEQIX	Bts Enhanced Equity	Pair Corr
0.85	BSIKX	Blackrock Strategic	Pair Corr
0.62	BSICX	Blackrock Strategic Opps	Pair Corr
0.86	BASIX	Blackrock Strategic Opps	Pair Corr
0.85	JSORX	Jpmorgan Strategic Income	Pair Corr
0.85	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.87	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.85	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.87	JSOAX	Jpmorgan Strategic Income	Pair Corr
0.93	VTSAX	Vanguard Total Stock	Pair Corr
0.89	VFIAX	Vanguard 500 Index	Pair Corr
0.9	VTSMX	Vanguard Total Stock	Pair Corr
0.9	VSMPX	Vanguard Total Stock	Pair Corr
0.93	VSTSX	Vanguard Total Stock	Pair Corr
0.9	VITSX	Vanguard Total Stock	Pair Corr
0.89	VFINX	Vanguard 500 Index	Pair Corr
0.92	VFFSX	Vanguard 500 Index	Pair Corr
0.89	VGTSX	Vanguard Total Inter	Pair Corr
0.89	VTIAX	Vanguard Total Inter	Pair Corr
0.92	PRMYX	Putnam Retirement Incm	Pair Corr
0.76	AHLAX	American Beacon Ahl	Pair Corr
0.82	ISTFX	Invesco Short Term	Pair Corr
0.91	TRZRX	T Rowe Price	Pair Corr
0.81	GSMIX	Goldman Sachs Dynamic	Pair Corr
0.93	FSNVX	Fidelity Freedom 2040	Pair Corr
0.67	FXAIX	Fidelity 500 Index	Pair Corr
0.87	ELCIX	Eaton Vance Lgcap	Pair Corr
0.63	THGCX	Thornburg International	Pair Corr
0.9	RBEJX	American Funds 2015	Pair Corr

Related Correlations Analysis

	BTFRX	BTFIX	BTFCX	BTFAX	BTSIX	BTSCX	BTSAX	BTSRX	EEQAX	EEQIX
BTFRX		1.0	1.0	0.94	0.93	0.98	0.91	0.93	0.91	0.91	BTFRX
BTFIX	1.0		1.0	0.94	0.94	0.98	0.91	0.94	0.91	0.91	BTFIX
BTFCX	1.0	1.0		0.93	0.93	0.98	0.9	0.92	0.9	0.9	BTFCX
BTFAX	0.94	0.94	0.93		0.91	0.92	0.98	0.9	0.96	0.96	BTFAX
BTSIX	0.93	0.94	0.93	0.91		0.92	0.89	1.0	0.88	0.88	BTSIX
BTSCX	0.98	0.98	0.98	0.92	0.92		0.92	0.92	0.89	0.89	BTSCX
BTSAX	0.91	0.91	0.9	0.98	0.89	0.92		0.88	0.96	0.96	BTSAX
BTSRX	0.93	0.94	0.92	0.9	1.0	0.92	0.88		0.87	0.87	BTSRX
EEQAX	0.91	0.91	0.9	0.96	0.88	0.89	0.96	0.87		1.0	EEQAX
EEQIX	0.91	0.91	0.9	0.96	0.88	0.89	0.96	0.87	1.0		EEQIX
	BTFRX	BTFIX	BTFCX	BTFAX	BTSIX	BTSCX	BTSAX	BTSRX	EEQAX	EEQIX

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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
BTFRX	0.19	0.01	(0.20)	(0.83)	0.16	(0.25)	0.40	(0.39)	1.57
BTFIX	0.18	0.01	(0.19)	(1.63)	0.12	(0.27)	0.40	(0.39)	1.57
BTFCX	0.19	0.01	(0.20)	(0.42)	0.16	(0.24)	0.40	(0.39)	1.58
BTFAX	0.19	0.01	(0.21)	(2.59)	0.17	(0.23)	0.39	(0.39)	1.43
BTSIX	0.15	0.00	(0.21)	0.07	0.00	(0.20)	0.41	(0.31)	1.24
BTSCX	0.15	0.01	(0.25)	(0.22)	0.13	(0.20)	0.31	(0.31)	1.24
BTSAX	0.15	0.01	(0.25)	1.05	0.10	(0.21)	0.31	(0.31)	1.34
BTSRX	0.14	0.00	(0.22)	0.06	0.04	(0.19)	0.31	(0.21)	1.24
EEQAX	0.40	0.03	(0.07)	(0.72)	0.46	(0.49)	1.14	(0.92)	3.07
EEQIX	0.40	0.03	(0.07)	(1.90)	0.46	(0.47)	1.18	(0.87)	3.06

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Bts Managed Correlations

Bts Managed Correlation With Market

Good diversification

Moving together with Bts Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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