Bts Managed Correlations

BTSRX Fund

USD 9.78 0.01 0.10%

The current 90-days correlation between Bts Managed Income and Bts Tactical Fixed is 0.77 (i.e., Poor 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

Poor diversification

The correlation between Bts Managed Income and DJI is 0.77 (i.e., Poor 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 metropolitan statistical area.

Moving together with Bts Mutual Fund

0.8	BTFRX	Bts Tactical Fixed	Pair Corr
0.84	BTFIX	Bts Tactical Fixed	Pair Corr
0.76	BTFCX	Bts Tactical Fixed	Pair Corr
0.82	BTFAX	Bts Tactical Fixed	Pair Corr
1.0	BTSIX	Bts Managed Income	Pair Corr
1.0	BTSCX	Bts Managed Income	Pair Corr
1.0	BTSAX	Bts Managed Income	Pair Corr
0.93	VTSAX	Vanguard Total Stock	Pair Corr
0.87	VFIAX	Vanguard 500 Index	Pair Corr
0.93	VTSMX	Vanguard Total Stock	Pair Corr
0.93	VSMPX	Vanguard Total Stock	Pair Corr
0.93	VSTSX	Vanguard Total Stock	Pair Corr
0.93	VITSX	Vanguard Total Stock	Pair Corr
0.87	VFINX	Vanguard 500 Index	Pair Corr
0.91	VFFSX	Vanguard 500 Index	Pair Corr
0.89	AREFX	One Choice 2055	Pair Corr
0.92	JILGX	Multimanager Lifestyle	Pair Corr
0.77	TFBRX	American Beacon Twen	Pair Corr
0.8	PFLLX	Putnam Floating Rate	Pair Corr
0.74	NSBFX	Nuveen Santa Barbara	Pair Corr
0.94	FSMDX	Fidelity Mid Cap	Pair Corr
0.88	TRFHX	T Rowe Price	Pair Corr
0.91	AMEIX	Equity Growth	Pair Corr
0.74	RNNEX	New Economy Fund	Pair Corr

Moving against Bts Mutual Fund

0.31	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.49	VGTSX	Vanguard Total Inter	Pair Corr
0.49	VTIAX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	BTFCX	BTSIX	BTSCX	BTSAX	BTSRX
BTFCX		0.74	0.77	0.75	0.76	BTFCX
BTSIX	0.74		1.0	1.0	1.0	BTSIX
BTSCX	0.77	1.0		1.0	1.0	BTSCX
BTSAX	0.75	1.0	1.0		1.0	BTSAX
BTSRX	0.76	1.0	1.0	1.0		BTSRX
	BTFCX	BTSIX	BTSCX	BTSAX	BTSRX

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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
BTFCX	0.17	(0.01)	(0.37)	0.01	0.14	(0.24)	0.26	(0.38)	0.76
BTSIX	0.14	0.00	(0.32)	0.10	0.00	(0.19)	0.31	(0.31)	0.83
BTSCX	0.15	0.00	(0.31)	0.08	0.08	(0.19)	0.31	(0.41)	0.93
BTSAX	0.15	0.00	(0.33)	0.08	0.04	(0.20)	0.31	(0.31)	0.82
BTSRX	0.16	0.00	(0.29)	0.09	0.06	(0.20)	0.31	(0.41)	0.82

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