Bts Tactical Correlations

BTFCX Fund

USD 7.80 0.02 0.26%

The current 90-days correlation between Bts Tactical Fixed and Gamco Global Gold is -0.21 (i.e., Very good 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 -0.02 (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 main economic indicators.

Moving together with Bts Mutual Fund

0.96	BTFRX	Bts Tactical Fixed	Pair Corr
0.95	BTFIX	Bts Tactical Fixed	Pair Corr
0.89	BTFAX	Bts Tactical Fixed	Pair Corr
0.93	BTSIX	Bts Managed Income	Pair Corr
0.87	BTSCX	Bts Managed Income	Pair Corr
0.88	BTSAX	Bts Managed Income	Pair Corr
0.87	BTSRX	Bts Managed Income	Pair Corr
0.67	BSIKX	Blackrock Strategic	Pair Corr
0.7	BSICX	Blackrock Strategic Opps	Pair Corr
0.66	BASIX	Blackrock Strategic Opps	Pair Corr
0.68	BSIIX	Blackrock Strategic	Pair Corr
0.79	WARCX	Wells Fargo Advantage	Pair Corr
0.76	SCFIX	Shenkman Short Duration	Pair Corr
0.67	XSWZX	Swiss Helvetia	Pair Corr
0.84	MXKVX	Great West Servative	Pair Corr

Moving against Bts Mutual Fund

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

Related Correlations Analysis

	XGGNX	OGMCX	AGYCX	IOGYX	SGDIX	GCEBX
XGGNX		0.94	0.94	0.97	0.96	0.29	XGGNX
OGMCX	0.94		0.99	0.97	0.97	0.38	OGMCX
AGYCX	0.94	0.99		0.97	0.97	0.42	AGYCX
IOGYX	0.97	0.97	0.97		1.0	0.37	IOGYX
SGDIX	0.96	0.97	0.97	1.0		0.36	SGDIX
GCEBX	0.29	0.38	0.42	0.37	0.36		GCEBX
	XGGNX	OGMCX	AGYCX	IOGYX	SGDIX	GCEBX

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
XGGNX	0.62	0.10	0.14	3.46	0.71	(0.71)	1.44	(1.20)	3.21
OGMCX	1.25	0.26	0.16	0.43	1.44	(1.38)	2.70	(3.16)	7.69
AGYCX	1.24	0.35	0.22	0.75	1.35	(1.40)	2.74	(2.65)	7.30
IOGYX	1.27	0.23	0.16	(2.45)	1.46	(1.39)	2.70	(3.12)	7.70
SGDIX	1.24	0.24	0.16	(4.41)	1.40	(1.31)	3.01	(2.89)	7.24
GCEBX	0.73	0.03	0.04	0.08	1.10	(0.74)	1.49	(2.40)	4.21

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