Bts Enhanced Correlations

EEQAX Fund

9.82 0.03 0.31%

The current 90-days correlation between Bts Enhanced Equity and Angel Oak Financial is -0.01 (i.e., Good diversification). The correlation of Bts Enhanced 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 Enhanced Correlation With Market

Good diversification

The correlation between Bts Enhanced Equity and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bts Enhanced Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Bts Enhanced Equity. 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 nation.

Moving together with Bts Mutual Fund

0.89	BTFRX	Bts Tactical Fixed	Pair Corr
0.89	BTFIX	Bts Tactical Fixed	Pair Corr
0.87	BTFCX	Bts Tactical Fixed	Pair Corr
0.89	BTFAX	Bts Tactical Fixed	Pair Corr
0.94	BTSIX	Bts Managed Income	Pair Corr
0.94	BTSCX	Bts Managed Income	Pair Corr
0.94	BTSAX	Bts Managed Income	Pair Corr
0.94	BTSRX	Bts Managed Income	Pair Corr
1.0	EEQIX	Bts Enhanced Equity	Pair Corr
0.92	VVIAX	Vanguard Value Index	Pair Corr
0.92	DOXGX	Dodge Cox Stock	Pair Corr
0.92	AFMFX	American Mutual	Pair Corr
0.92	FFMMX	American Funds American	Pair Corr
0.92	FFFMX	American Funds American	Pair Corr
0.95	AMRMX	American Mutual	Pair Corr
0.95	AMFFX	American Mutual	Pair Corr
0.95	AMFCX	American Mutual	Pair Corr
0.96	DODGX	Dodge Stock Fund	Pair Corr
0.92	VIVAX	Vanguard Value Index	Pair Corr
0.68	NHS	Neuberger Berman High	Pair Corr
0.89	EMRIX	Emerging Markets	Pair Corr
0.93	RYTAX	Technology Fund Class	Pair Corr
0.91	RRTBX	Trowe Price Retirement	Pair Corr
0.94	ISNHX	Voya Solution 2030	Pair Corr
0.88	PRFSX	T Rowe Price	Pair Corr
0.9	FPTKX	Fidelity Freedom 2015	Pair Corr
0.87	SEPCX	Energy Basic Materials	Pair Corr
0.91	GWPCX	American Funds Growth	Pair Corr
0.61	IIBZX	Voya Intermediate Bond	Pair Corr
0.85	QLEIX	Aqr Long Short	Pair Corr
0.63	FSIGX	Fidelity Series Inve	Pair Corr
0.94	LTINX	Principal Lifetime 2015	Pair Corr
0.91	TRRFX	T Rowe Price	Pair Corr
0.92	VFINX	Vanguard 500 Index	Pair Corr
0.89	PRJIX	T Rowe Price	Pair Corr
0.9	OTCNX	Oppenheimer Cap Apprec	Pair Corr
0.85	VGSNX	Vanguard Reit Index	Pair Corr
0.9	RGLIX	Allianzgi Global Natural	Pair Corr

Related Correlations Analysis

	XFINX	PGFMX	FTIXX	RMBLX	MCBXX	BTO
XFINX		-0.56	-0.17	-0.12	-0.29	-0.27	XFINX
PGFMX	-0.56		0.76	0.84	0.78	0.89	PGFMX
FTIXX	-0.17	0.76		0.68	0.84	0.69	FTIXX
RMBLX	-0.12	0.84	0.68		0.7	0.96	RMBLX
MCBXX	-0.29	0.78	0.84	0.7		0.74	MCBXX
BTO	-0.27	0.89	0.69	0.96	0.74		BTO
	XFINX	PGFMX	FTIXX	RMBLX	MCBXX	BTO

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BTO	+ 0.96	RMBLX
BTO	+ 0.89	PGFMX
RMBLX	+ 0.84	PGFMX
MCBXX	+ 0.84	FTIXX
MCBXX	+ 0.78	PGFMX
FTIXX	+ 0.76	PGFMX

High negative correlations

PGFMX	- 0.56	XFINX
MCBXX	- 0.29	XFINX
BTO	- 0.27	XFINX
FTIXX	- 0.17	XFINX
RMBLX	- 0.12	XFINX

Risk-Adjusted Indicators

There is a big difference between Bts Mutual Fund performing well and Bts Enhanced 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 Enhanced'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
XFINX	0.40	(0.03)	0.00	(0.25)	0.00	0.00	0.77	(1.41)	4.64
PGFMX	0.33	0.12	(0.03)	(2.26)	0.19	(0.39)	0.90	(0.64)	2.42
FTIXX	0.03	0.00	0.00	2.04	0.00	0.00	0.00	0.00	1.01
RMBLX	1.13	0.32	0.12	(1.69)	1.02	(1.26)	2.53	(2.45)	5.97
MCBXX	0.03	0.01	0.00	4.42	0.00	0.00	0.00	0.00	1.01
BTO	0.91	0.19	0.14	0.37	0.88	(1.00)	2.27	(1.81)	6.26

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC