Bts Enhanced Correlations
| EEQIX Fund | 10.13 0.00 0.00% |
The current 90-days correlation between Bts Enhanced Equity and Financial Industries Fund is 0.48 (i.e., Very weak diversification). The correlation of Bts Enhanced 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 Enhanced Correlation With Market
Weak diversification
The correlation between Bts Enhanced Equity and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bts Enhanced Equity and DJI in the same portfolio, assuming nothing else is changed.
Bts |
Moving together with Bts Mutual Fund
| 0.7 | OAZMX | Oakmark Fund R6 | PairCorr |
| 0.72 | ORIGX | Oak Ridge Small | PairCorr |
| 0.62 | WWNPX | Kinetics Paradigm Steady Growth | PairCorr |
| 0.71 | DCCIX | Delaware Small Cap | PairCorr |
Moving against Bts Mutual Fund
| 0.56 | NRABX | Neuberger Berman Absolute | PairCorr |
| 0.38 | SUSAX | Siit Ultra Short | PairCorr |
| 0.35 | HIMUX | Pioneer Map High | PairCorr |
| 0.59 | AOUIX | Angel Oak Ultrashort | PairCorr |
| 0.42 | PCRRX | Commodityrealreturn | PairCorr |
| 0.42 | AMFIX | Aama Income Fund | PairCorr |
| 0.39 | AGPXX | Invesco Short Term | PairCorr |
| 0.36 | CTYRX | Columbia Global Tech | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Bts Mutual Fund performing well and Bts Enhanced 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 Enhanced'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FIDAX | 0.96 | 0.00 | (0.01) | 0.03 | 1.64 | 1.79 | 14.53 | |||
| GCFSX | 0.60 | 0.05 | 0.03 | 1.25 | 0.75 | 1.43 | 6.27 | |||
| PSSRX | 0.90 | 0.00 | (0.01) | 0.02 | 1.37 | 1.51 | 11.81 | |||
| FNPIX | 1.15 | 0.13 | 0.07 | 0.24 | 1.39 | 2.08 | 13.82 | |||
| FGB | 0.71 | 0.12 | 0.08 | 1.00 | 0.94 | 1.72 | 5.45 | |||
| ICFAX | 0.90 | (0.16) | 0.00 | (0.31) | 0.00 | 1.43 | 18.69 | |||
| BXSL | 0.76 | 0.15 | 0.14 | 0.61 | 0.75 | 1.43 | 4.08 |
Bts Enhanced Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bts Enhanced mutual fund to make a market-neutral strategy. Peer analysis of Bts Enhanced could also be used in its relative valuation, which is a method of valuing Bts Enhanced by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |