Bts Tactical Correlations

BTFCX Fund

USD 7.83 0.01 0.13%

The current 90-days correlation between Bts Tactical Fixed and Furyax is 0.31 (i.e., Weak 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

Weak diversification

The correlation between Bts Tactical Fixed and DJI is 0.38 (i.e., Weak 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

0.99	BTFRX	Bts Tactical Fixed	Pair Corr
0.99	BTFIX	Bts Tactical Fixed	Pair Corr
0.99	BTFAX	Bts Tactical Fixed	Pair Corr
0.94	BTSIX	Bts Managed Income	Pair Corr
0.93	BTSCX	Bts Managed Income	Pair Corr
0.93	BTSAX	Bts Managed Income	Pair Corr
0.94	BTSRX	Bts Managed Income	Pair Corr
0.83	BSIKX	Blackrock Strategic	Pair Corr
0.85	BSICX	Blackrock Strategic Opps	Pair Corr
0.82	BASIX	Blackrock Strategic Opps	Pair Corr
0.85	BSIIX	Blackrock Strategic	Pair Corr
0.81	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.86	FSMMX	Fs Multi Strategy	Pair Corr
0.89	BTMPX	Ishares Msci Eafe	Pair Corr
0.89	BTMKX	Blackrock International	Pair Corr
0.89	MDIIX	Blackrock Intern Index	Pair Corr
0.72	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.72	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.72	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.72	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.65	TIHIX	Transamerica International	Pair Corr
0.8	VBISX	Vanguard Short Term	Pair Corr
0.94	CENEX	American Funds Lege	Pair Corr
0.72	ANZCX	Allianzgi Convertible	Pair Corr
0.64	SEMVX	Hartford Schroders	Pair Corr
0.86	VTPSX	Vanguard Total Inter	Pair Corr
0.86	FADMX	Fidelity Advisor Str	Pair Corr
0.88	FNOKX	Oklahoma College Savings	Pair Corr
0.74	RYRCX	Retailing Fund Class	Pair Corr
0.75	CMMAX	Calvert Mortgage Access	Pair Corr
0.81	WABIX	Wells Fargo Advantage	Pair Corr
0.88	AAAMX	American Century One	Pair Corr

Related Correlations Analysis

	FURYAX	FBANJX	IAADX	MFTFX	FABWX	FWNHTX	FDZBPX
FURYAX		0.91	0.46	-0.17	0.62	0.32	0.75	FURYAX
FBANJX	0.91		0.54	-0.29	0.61	0.48	0.87	FBANJX
IAADX	0.46	0.54		0.29	0.37	0.69	0.62	IAADX
MFTFX	-0.17	-0.29	0.29		-0.01	0.26	-0.24	MFTFX
FABWX	0.62	0.61	0.37	-0.01		0.2	0.68	FABWX
FWNHTX	0.32	0.48	0.69	0.26	0.2		0.63	FWNHTX
FDZBPX	0.75	0.87	0.62	-0.24	0.68	0.63		FDZBPX
	FURYAX	FBANJX	IAADX	MFTFX	FABWX	FWNHTX	FDZBPX

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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

FBANJX	+ 0.91	FURYAX
FDZBPX	+ 0.87	FBANJX
FDZBPX	+ 0.75	FURYAX
FWNHTX	+ 0.69	IAADX
FDZBPX	+ 0.68	FABWX
FDZBPX	+ 0.63	FWNHTX

High negative correlations

MFTFX	- 0.29	FBANJX
FDZBPX	- 0.24	MFTFX
MFTFX	- 0.17	FURYAX
FABWX	- 0.01	MFTFX

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
FURYAX	0.55	0.11	0.16	0.43	0.47	(0.67)	1.18	(1.06)	2.27
FBANJX	0.50	0.04	0.05	0.40	0.66	(0.53)	1.04	(0.82)	2.83
IAADX	0.18	0.00	0.00	0.05	0.16	(0.25)	0.44	(0.33)	0.88
MFTFX	1.07	0.15	0.09	(0.73)	1.41	(1.11)	1.97	(2.28)	5.07
FABWX	0.84	0.11	0.07	0.34	1.39	(0.86)	1.52	(1.12)	6.74
FWNHTX	0.02	(0.01)	(0.32)	(2.12)	0.00	(0.02)	0.07	(0.05)	0.16
FDZBPX	0.37	0.04	0.07	0.29	0.47	(0.42)	0.70	(0.79)	2.21

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