Bts Tactical Correlations

BTFAX Fund

USD 7.87 0.01 0.13%

The current 90-days correlation between Bts Tactical Fixed and Smallcap Fund Fka is 0.01 (i.e., Significant diversification). The correlation of Bts Tactical 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 Tactical Correlation With Market

Good diversification

The correlation between Bts Tactical Fixed and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bts Tactical Fixed 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 Tactical Fixed. 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 nation.

Moving together with Bts Mutual Fund

1.0	BTFRX	Bts Tactical Fixed	Pair Corr
0.99	BTFIX	Bts Tactical Fixed	Pair Corr
0.96	BTFCX	Bts Tactical Fixed	Pair Corr
0.93	BTSIX	Bts Managed Income	Pair Corr
0.91	BTSCX	Bts Managed Income	Pair Corr
0.93	BTSAX	Bts Managed Income	Pair Corr
0.92	BTSRX	Bts Managed Income	Pair Corr
0.76	BSIKX	Blackrock Strategic	Pair Corr
0.79	BSICX	Blackrock Strategic Opps	Pair Corr
0.78	BASIX	Blackrock Strategic Opps	Pair Corr
0.78	BSIIX	Blackrock Strategic	Pair Corr
0.61	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.63	GPBFX	Gmo E Plus	Pair Corr
0.82	WARCX	Wells Fargo Advantage	Pair Corr
0.86	SCFIX	Shenkman Short Duration	Pair Corr
0.61	LIBAX	Columbia Total Return	Pair Corr
0.68	PIPTX	Virtus Kar Global	Pair Corr
0.61	VWTAX	Tomorrows Scholar College	Pair Corr
0.61	NWHLX	Nationwide Bailard	Pair Corr
0.8	XSWZX	Swiss Helvetia	Pair Corr
0.83	MXKVX	Great West Servative	Pair Corr
0.65	THCAX	Thornburg Core Plus	Pair Corr

Moving against Bts Mutual Fund

0.73	PQTNX	Pimco Trends Managed	Pair Corr
0.73	PQTIX	Aa Pimco Tr	Pair Corr
0.64	PQTAX	Pimco Trends Managed	Pair Corr

Related Correlations Analysis

	PSBMX	ARTSX	CCMSX	MSSGX	CIPNX	HSCVX
PSBMX		0.98	0.0	0.94	0.89	0.98	PSBMX
ARTSX	0.98		0.0	0.93	0.86	0.96	ARTSX
CCMSX	0.0	0.0		0.0	0.0	0.0	CCMSX
MSSGX	0.94	0.93	0.0		0.85	0.91	MSSGX
CIPNX	0.89	0.86	0.0	0.85		0.9	CIPNX
HSCVX	0.98	0.96	0.0	0.91	0.9		HSCVX
	PSBMX	ARTSX	CCMSX	MSSGX	CIPNX	HSCVX

Click cells to compare fundamentals

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ARTSX	+ 0.98	PSBMX
HSCVX	+ 0.98	PSBMX
HSCVX	+ 0.96	ARTSX
MSSGX	+ 0.94	PSBMX
MSSGX	+ 0.93	ARTSX
HSCVX	+ 0.91	MSSGX

High negative correlations

HSCVX	- 0.0	CCMSX
CIPNX	- 0.0	CCMSX
MSSGX	- 0.0	CCMSX
CCMSX	- 0.0	ARTSX
CCMSX	- 0.0	PSBMX

Risk-Adjusted Indicators

There is a big difference between Bts Mutual Fund performing well and Bts Tactical 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 Tactical'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PSBMX	1.01	(0.14)	(0.21)	1.64	(2.32)	5.36
ARTSX	1.15	(0.10)	(0.16)	2.22	(3.17)	5.69
CCMSX	0.00	0.00	0.00	0.00	0.00	0.00
MSSGX	1.76	(0.12)	(0.16)	3.70	(3.91)	10.50
CIPNX	1.00	(0.21)	(0.30)	1.38	(2.00)	11.53
HSCVX	0.79	(0.09)	(0.18)	1.42	(1.78)	3.38

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