Vest Bitcoin Correlations

BTCRX Fund

29.94 0.00 0.00%

The current 90-days correlation between Vest Bitcoin Strategy and Vest Large Cap is -0.01 (i.e., Good diversification). The correlation of Vest Bitcoin 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.

Vest Bitcoin Correlation With Market

Good diversification

The correlation between Vest Bitcoin Strategy and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vest Bitcoin Strategy 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 Vest Bitcoin Strategy. 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 Vest Mutual Fund

0.61

HGORX

Hartford Growth

Pair Corr

Moving against Vest Mutual Fund

0.74	KNGCX	Cboe Vest Sp	Pair Corr
0.73	KNGAX	Cboe Vest Sp	Pair Corr
0.73	KNGIX	Cboe Vest Sp	Pair Corr
0.7	KNGYX	Cboe Vest Sp	Pair Corr
0.73	KNGLX	Cboe Vest Sp	Pair Corr
0.55	XNBHX	Neuberger Berman Int	Pair Corr
0.54	PCF	Putnam High Income	Pair Corr
0.47	NXJ	Nuveen New Jersey	Pair Corr
0.46	XNXJX	Nuveen New Jersey	Pair Corr
0.42	XDSMX	Dreyfus Strategic	Pair Corr

Related Correlations Analysis

	ENGRX	ENGLX	ENGIX	ENGCX	ENGAX	ENGYX	BTCLX	BTCYX	BTCRX
ENGRX		0.13	0.13	0.12	0.13	0.15	0.23	0.23	0.51	ENGRX
ENGLX	0.13		1.0	1.0	1.0	1.0	0.91	0.91	0.37	ENGLX
ENGIX	0.13	1.0		1.0	1.0	1.0	0.91	0.91	0.38	ENGIX
ENGCX	0.12	1.0	1.0		1.0	1.0	0.91	0.91	0.37	ENGCX
ENGAX	0.13	1.0	1.0	1.0		1.0	0.91	0.91	0.37	ENGAX
ENGYX	0.15	1.0	1.0	1.0	1.0		0.91	0.91	0.39	ENGYX
BTCLX	0.23	0.91	0.91	0.91	0.91	0.91		1.0	0.51	BTCLX
BTCYX	0.23	0.91	0.91	0.91	0.91	0.91	1.0		0.51	BTCYX
BTCRX	0.51	0.37	0.38	0.37	0.37	0.39	0.51	0.51		BTCRX
	ENGRX	ENGLX	ENGIX	ENGCX	ENGAX	ENGYX	BTCLX	BTCYX	BTCRX

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Risk-Adjusted Indicators

There is a big difference between Vest Mutual Fund performing well and Vest Bitcoin 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 Vest Bitcoin'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
ENGRX	0.25	0.06	0.00	0.58	0.00	0.00	0.00	0.00	6.65
ENGLX	0.21	0.02	(0.01)	0.09	0.33	(0.27)	0.67	(0.40)	2.77
ENGIX	0.22	0.02	(0.01)	0.10	0.33	(0.29)	0.65	(0.39)	2.81
ENGCX	0.21	0.02	(0.01)	0.09	0.29	(0.30)	0.59	(0.44)	2.61
ENGAX	0.21	0.02	(0.01)	0.10	0.30	(0.29)	0.69	(0.41)	2.60
ENGYX	0.22	0.02	(0.01)	0.10	0.33	(0.27)	0.64	(0.38)	2.75
BTCLX	2.22	0.55	0.25	0.36	1.82	(2.52)	5.06	(3.52)	16.10
BTCYX	2.22	0.55	0.25	0.36	1.82	(2.53)	5.05	(3.52)	16.15
BTCRX	1.21	0.62	0.00	(2.30)	0.00	0.00	0.00	0.00	40.70

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