Bats Series Correlations

BRACX Fund

USD 9.03 0.01 0.11%

The current 90-days correlation between Bats Series C and Artisan Select Equity is 0.12 (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

Modest diversification

The correlation between Bats Series C and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bats Series C 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 C. 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 main economic indicators.

Moving together with Bats Mutual Fund

0.88	MKCMX	Blackrock California	Pair Corr
0.67	MKEFX	Blackrock Eurofund Class	Pair Corr
0.61	MKDVX	Blackrock Equity Dividend	Pair Corr
0.78	MKILX	Blackrock International	Pair Corr
0.99	BRAMX	Bats Series M	Pair Corr
0.72	MKNKX	Blackrock New York	Pair Corr
0.74	MKNJX	Blackrock New Jersey	Pair Corr
0.94	BRASX	Bats Series S	Pair Corr
0.78	BRCPX	Blackrock Conservative	Pair Corr
0.68	BRIEX	Blackrock Retirement	Pair Corr
0.89	BROKX	Blackrock Advantage	Pair Corr
0.89	BROIX	Blackrock Glbl Opprtnts	Pair Corr
0.89	BROCX	Backrock Glbl Opprtnts	Pair Corr
0.89	BROAX	Blackrock Global Opp	Pair Corr
0.8	BACPX	Blackrock Conservative	Pair Corr
0.89	BRZAX	Blackrock Advantage Esg	Pair Corr

Moving against Bats Mutual Fund

0.45	MKFOX	Blackrock Large Cap	Pair Corr
0.62	MKSPX	Blackrock Advantage Total	Pair Corr
0.46	BRGNX	Blckrck Fdsiii Rssll	Pair Corr
0.46	BRGAX	Blckrck Fdsiii Rssll	Pair Corr
0.41	BRMIX	Blackrock Midcap Index	Pair Corr
0.41	BRMAX	Blackrock Midcap Index	Pair Corr
0.41	BRMKX	Blackrock Midcap Index	Pair Corr
0.66	BSDAX	Blackrock Smid Cap	Pair Corr
0.65	BSDKX	Blackrock Smid Cap	Pair Corr

Related Correlations Analysis

	ARTNX	DODFX	IAFEX	LOGBX	JSLCX	MRCZX	NWJVX
ARTNX		0.5	0.63	0.86	0.92	0.83	0.68	ARTNX
DODFX	0.5		0.98	0.6	0.63	0.73	0.48	DODFX
IAFEX	0.63	0.98		0.68	0.72	0.77	0.52	IAFEX
LOGBX	0.86	0.6	0.68		0.87	0.82	0.6	LOGBX
JSLCX	0.92	0.63	0.72	0.87		0.96	0.7	JSLCX
MRCZX	0.83	0.73	0.77	0.82	0.96		0.78	MRCZX
NWJVX	0.68	0.48	0.52	0.6	0.7	0.78		NWJVX
	ARTNX	DODFX	IAFEX	LOGBX	JSLCX	MRCZX	NWJVX

Click cells to compare fundamentals

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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
ARTNX	0.64	0.02	0.11	(0.25)	0.84	(0.68)	1.23	(1.48)	3.96
DODFX	0.64	0.25	0.32	0.39	0.53	(0.69)	1.67	(1.32)	4.77
IAFEX	0.73	0.22	0.27	0.37	0.73	(0.80)	1.80	(1.25)	5.53
LOGBX	0.51	0.01	0.00	(0.06)	0.00	0.00	0.83	(1.17)	4.19
JSLCX	0.20	(0.01)	0.20	0.17	0.27	(0.23)	0.42	(0.34)	1.11
MRCZX	0.24	(0.01)	0.16	0.11	0.32	(0.26)	0.44	(0.44)	1.45
NWJVX	0.08	0.01	0.68	0.92	0.00	(0.14)	0.20	(0.10)	0.61

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