Bts Managed Correlations

BTSIX Fund

USD 9.61 0.01 0.10%

The current 90-days correlation between Bts Managed Income and Gmo International Equity is -0.13 (i.e., Good diversification). The correlation of Bts Managed 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 Managed Correlation With Market

Significant diversification

The correlation between Bts Managed Income and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bts Managed Income 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 Managed Income. 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 gross domestic product.

Moving together with Bts Mutual Fund

0.94	BTFRX	Bts Tactical Fixed	Pair Corr
0.93	BTFIX	Bts Tactical Fixed	Pair Corr
0.93	BTFCX	Bts Tactical Fixed	Pair Corr
0.93	BTFAX	Bts Tactical Fixed	Pair Corr
0.99	BTSCX	Bts Managed Income	Pair Corr
1.0	BTSAX	Bts Managed Income	Pair Corr
1.0	BTSRX	Bts Managed Income	Pair Corr
0.64	EEQAX	Bts Enhanced Equity	Pair Corr
0.69	EEQIX	Bts Enhanced Equity	Pair Corr
0.62	BSICX	Blackrock Strategic Opps	Pair Corr
0.62	BASIX	Blackrock Strategic Opps	Pair Corr
0.93	ORAZX	Oppnhmr Rochester Arizona	Pair Corr
0.82	FADJX	Fadjx	Pair Corr
0.65	IEMGX	Voya Multi Manager	Pair Corr
0.73	RNWEX	New World Fund	Pair Corr
0.65	SWSAX	Siit World Select	Pair Corr

Moving against Bts Mutual Fund

0.5

SDFCX

Swan Defined Risk

Pair Corr

Related Correlations Analysis

	GIEAX	QMNIX	PWITX	QLENX	DHGCX	AAEZX	DDCFX	MSTFX
GIEAX		0.94	0.92	0.92	0.72	0.86	0.9	0.97	GIEAX
QMNIX	0.94		0.86	0.97	0.66	0.86	0.88	0.88	QMNIX
PWITX	0.92	0.86		0.85	0.75	0.85	0.89	0.96	PWITX
QLENX	0.92	0.97	0.85		0.72	0.92	0.84	0.89	QLENX
DHGCX	0.72	0.66	0.75	0.72		0.86	0.86	0.75	DHGCX
AAEZX	0.86	0.86	0.85	0.92	0.86		0.88	0.87	AAEZX
DDCFX	0.9	0.88	0.89	0.84	0.86	0.88		0.89	DDCFX
MSTFX	0.97	0.88	0.96	0.89	0.75	0.87	0.89		MSTFX
	GIEAX	QMNIX	PWITX	QLENX	DHGCX	AAEZX	DDCFX	MSTFX

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Risk-Adjusted Indicators

There is a big difference between Bts Mutual Fund performing well and Bts Managed 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 Managed'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
GIEAX	0.63	0.18	0.25	0.30	0.64	(0.69)	1.46	(1.19)	4.95
QMNIX	0.30	0.15	0.54	0.91	0.00	(0.41)	0.68	(0.39)	1.97
PWITX	0.77	0.00	0.00	(0.06)	0.00	0.00	1.52	(1.47)	9.99
QLENX	0.44	0.14	0.30	0.29	0.41	(0.48)	0.81	(0.65)	3.11
DHGCX	0.17	0.00	0.24	(0.17)	0.21	(0.22)	0.36	(0.36)	1.46
AAEZX	0.24	0.02	0.20	0.04	0.28	(0.28)	0.59	(0.39)	1.40
DDCFX	0.21	0.02	0.34	0.62	0.11	(0.27)	0.54	(0.33)	1.22
MSTFX	0.66	0.10	0.14	0.12	0.81	(0.72)	1.39	(1.42)	4.63

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