Bats Series Correlations

BATPX Fund

USD 10.38 0.03 0.29%

The current 90-days correlation between Bats Series P and Scharf Balanced Opportunity is 0.1 (i.e., Average diversification). The correlation of Bats Series 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.

Bats Series Correlation With Market

Average diversification

The correlation between Bats Series P and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bats Series P 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 Bats Series P. 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 american community survey.

Moving together with Bats Mutual Fund

0.64

MKEAX

Mkeax

Pair Corr

Moving against Bats Mutual Fund

0.35	BRAPX	Blackrock Aggressive	Pair Corr
0.39	BAGPX	Blackrock Gwth Ptf	Pair Corr
0.32	BAAPX	Blackrock Aggressive	Pair Corr

Related Correlations Analysis

	LOGBX	SPRDX	LGFEX	JSEAX	MRVNX	GMOIX	IAFEX
LOGBX		0.77	0.8	0.72	0.78	0.5	0.74	LOGBX
SPRDX	0.77		0.9	0.83	0.84	0.74	0.8	SPRDX
LGFEX	0.8	0.9		0.97	0.96	0.85	0.95	LGFEX
JSEAX	0.72	0.83	0.97		0.98	0.93	0.98	JSEAX
MRVNX	0.78	0.84	0.96	0.98		0.89	0.98	MRVNX
GMOIX	0.5	0.74	0.85	0.93	0.89		0.93	GMOIX
IAFEX	0.74	0.8	0.95	0.98	0.98	0.93		IAFEX
	LOGBX	SPRDX	LGFEX	JSEAX	MRVNX	GMOIX	IAFEX

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Risk-Adjusted Indicators

There is a big difference between Bats Mutual Fund performing well and Bats Series 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 Bats Series' 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
LOGBX	0.51	0.00	0.00	(0.07)	0.00	0.00	0.83	(1.17)	4.19
SPRDX	0.70	(0.02)	0.06	0.04	1.16	(0.66)	1.35	(1.59)	4.63
LGFEX	0.71	0.12	0.11	0.08	1.13	(0.69)	1.19	(1.61)	5.04
JSEAX	0.65	0.15	0.19	0.19	0.77	(0.68)	1.49	(1.22)	4.60
MRVNX	0.72	0.11	0.13	0.10	0.93	(0.75)	1.67	(1.60)	4.81
GMOIX	0.72	0.18	0.31	(0.47)	0.68	(0.84)	1.69	(1.33)	7.14
IAFEX	0.73	0.15	0.21	0.24	0.77	(0.79)	1.77	(1.25)	5.53

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