Bts Enhanced Correlations

Mutual Funds . USA . 
Fund . Bts Enhanced Equity
EEQIX Fund   9.82  0.02  0.20%   
The current 90-days correlation between Bts Enhanced Equity and Bts Tactical Fixed is 0.58 (i.e., Very weak 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 -0.14 (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 gross domestic product.

Moving together with Bts Mutual Fund

  0.89BTFRX Bts Tactical FixedPairCorr
  0.89BTFIX Bts Tactical FixedPairCorr
  0.87BTFCX Bts Tactical FixedPairCorr
  0.89BTFAX Bts Tactical FixedPairCorr
  0.94BTSIX Bts Managed IncomePairCorr
  0.94BTSCX Bts Managed IncomePairCorr
  0.94BTSAX Bts Managed IncomePairCorr
  0.94BTSRX Bts Managed IncomePairCorr
  1.0EEQAX Bts Enhanced EquityPairCorr
  0.92VVIAX Vanguard Value IndexPairCorr
  0.92DOXGX Dodge Cox StockPairCorr
  0.92AFMFX American MutualPairCorr
  0.92FFMMX American Funds AmericanPairCorr
  0.92FFFMX American Funds AmericanPairCorr
  0.95AMRMX American MutualPairCorr
  0.95AMFFX American MutualPairCorr
  0.95AMFCX American MutualPairCorr
  0.96DODGX Dodge Stock FundPairCorr
  0.92VIVAX Vanguard Value IndexPairCorr
  0.69NHS Neuberger Berman HighPairCorr
  0.89EMRIX Emerging MarketsPairCorr
  0.91RYTAX Technology Fund ClassPairCorr
  0.91RRTBX Trowe Price RetirementPairCorr
  0.94ISNHX Voya Solution 2030PairCorr
  0.88PRFSX T Rowe PricePairCorr
  0.9FPTKX Fidelity Freedom 2015PairCorr
  0.87SEPCX Energy Basic MaterialsPairCorr
  0.91GWPCX American Funds GrowthPairCorr
  0.61IIBZX Voya Intermediate BondPairCorr
  0.86QLEIX Aqr Long ShortPairCorr
  0.63FSIGX Fidelity Series InvePairCorr
  0.94LTINX Principal Lifetime 2015PairCorr
  0.91TRRFX T Rowe PricePairCorr
  0.92VFINX Vanguard 500 IndexPairCorr
  0.89PRJIX T Rowe PricePairCorr
  0.9OTCNX Oppenheimer Cap ApprecPairCorr
  0.85VGSNX Vanguard Reit IndexPairCorr
  0.91RGLIX Allianzgi Global NaturalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BTFRX  0.17  0.03 (0.33)(1.08) 0.09 
(0.21)
 0.27 
(0.27)
 1.19 
BTFIX  0.15  0.03 (0.32)(2.51) 0.00 
(0.21)
 0.39 
(0.27)
 1.06 
BTFCX  0.14  0.03 (0.37)(3.62) 0.00 
(0.21)
 0.27 
(0.39)
 0.94 
BTFAX  0.16  0.03 (0.31)(2.29) 0.06 
(0.20)
 0.27 
(0.39)
 1.19 
BTSIX  0.17  0.07 (0.20)(1.82) 0.00 
(0.22)
 0.43 
(0.41)
 1.29 
BTSCX  0.18  0.07 (0.20)(1.43) 0.00 
(0.23)
 0.43 
(0.41)
 1.18 
BTSAX  0.18  0.07 (0.20)(1.58) 0.00 
(0.23)
 0.43 
(0.31)
 1.38 
BTSRX  0.18  0.07 (0.21)(1.75) 0.00 
(0.23)
 0.43 
(0.41)
 1.17 
EEQAX  0.52  0.07 (0.10)(0.61) 0.63 
(0.55)
 1.26 
(0.95)
 3.49 
EEQIX  0.53  0.07 (0.10)(0.54) 0.63 
(0.55)
 1.26 
(0.95)
 3.49 

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