Bats Series Correlations

BRACX Fund

USD 8.95 0.01 0.11%

The current 90-days correlation between Bats Series C and Blackrock California Municipal is -0.09 (i.e., Good diversification). The correlation of Bats Series 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.

Bats Series Correlation With Market

Weak diversification

The correlation between Bats Series C and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bats Series C 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 Bats Series C. 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 Bats Mutual Fund

0.87	MKCPX	Blackrock Balanced	Pair Corr
0.82	MKEAX	Mkeax	Pair Corr
0.82	MKEFX	Blackrock Eurofund Class	Pair Corr
0.89	MKECX	Blackrock Funds	Pair Corr
0.87	MKDCX	Blackrock Emerging	Pair Corr
0.89	MKDVX	Blackrock Equity Dividend	Pair Corr
0.87	MKGCX	Blackrock Advantage	Pair Corr
0.86	MKFOX	Blackrock Large Cap	Pair Corr
0.74	MKILX	Blackrock International Potential Growth	Pair Corr
0.87	BRAPX	Blackrock Aggressive	Pair Corr
0.84	BRAMX	Bats Series M	Pair Corr
0.65	MKNJX	Blackrock New Jersey	Pair Corr
0.89	MKLOX	Blackrock Global All	Pair Corr
0.77	BRBCX	Blackrock Tactical	Pair Corr
0.97	BRASX	Bats Series S	Pair Corr
0.95	BRCPX	Blackrock Conservative	Pair Corr
0.87	BRGNX	Blckrck Fdsiii Rssll	Pair Corr
0.89	BRGPX	Blackrock Gwth Prepared	Pair Corr
0.87	BRGKX	Blckrck Fds Iii	Pair Corr
0.86	BRGAX	Blckrck Fdsiii Rssll	Pair Corr
0.89	BRIAX	Blackrock Retirement	Pair Corr
0.91	BRHYX	Blackrock Hi Yld	Pair Corr
0.87	MKSCX	Blackrock Funds	Pair Corr
0.85	MKSPX	Blackrock Advantage Total	Pair Corr
0.88	BRIDX	Blackrock Retirement	Pair Corr
0.88	BRIEX	Blackrock Retirement	Pair Corr
0.9	BRICX	Blackrock Retirement	Pair Corr
0.84	BRMIX	Blackrock Midcap Index	Pair Corr
0.94	MKWIX	Blackrock Strategic	Pair Corr
0.84	BRMAX	Blackrock Midcap Index	Pair Corr
0.91	BRMPX	Blackrock Moderate	Pair Corr
0.84	BRMKX	Blackrock Midcap Index	Pair Corr
0.83	BROKX	Blackrock Advantage	Pair Corr

Related Correlations Analysis

	MKCMX	MKCPX	MKEAX	MKEFX	MKECX	MKDCX	MKDVX	MKGCX	MKFOX	MKILX
MKCMX		0.65	0.61	0.67	0.59	0.59	0.63	0.57	0.61	0.66	MKCMX
MKCPX	0.65		0.97	0.99	0.96	0.97	0.97	0.98	0.98	0.94	MKCPX
MKEAX	0.61	0.97		0.97	0.96	0.98	0.96	0.99	0.97	0.95	MKEAX
MKEFX	0.67	0.99	0.97		0.95	0.97	0.96	0.97	0.97	0.96	MKEFX
MKECX	0.59	0.96	0.96	0.95		0.99	0.98	0.98	0.98	0.9	MKECX
MKDCX	0.59	0.97	0.98	0.97	0.99		0.97	0.98	0.97	0.92	MKDCX
MKDVX	0.63	0.97	0.96	0.96	0.98	0.97		0.97	0.98	0.89	MKDVX
MKGCX	0.57	0.98	0.99	0.97	0.98	0.98	0.97		0.98	0.93	MKGCX
MKFOX	0.61	0.98	0.97	0.97	0.98	0.97	0.98	0.98		0.92	MKFOX
MKILX	0.66	0.94	0.95	0.96	0.9	0.92	0.89	0.93	0.92		MKILX
	MKCMX	MKCPX	MKEAX	MKEFX	MKECX	MKDCX	MKDVX	MKGCX	MKFOX	MKILX

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Risk-Adjusted Indicators

There is a big difference between Bats Mutual Fund performing well and Bats Series 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 Bats Series' 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
MKCMX	0.16	(0.01)	(0.57)	(0.69)	0.18	(0.20)	0.43	(0.43)	1.21
MKCPX	0.40	0.09	(0.05)	(6.03)	0.73	(0.40)	0.97	(0.79)	2.06
MKEAX	0.82	0.30	0.17	(4.52)	0.53	(1.02)	2.45	(1.65)	5.46
MKEFX	0.74	0.16	0.02	12.40	1.22	(0.83)	1.58	(1.13)	4.72
MKECX	0.58	0.19	0.18	0.54	0.17	(0.78)	1.60	(0.79)	4.61
MKDCX	0.54	0.24	0.18	4.39	0.00	(0.69)	1.56	(1.04)	4.09
MKDVX	0.59	0.04	0.01	0.19	0.65	(0.66)	1.52	(1.18)	4.22
MKGCX	0.52	0.23	0.11	(2.81)	0.30	(0.57)	1.58	(1.19)	3.54
MKFOX	0.96	0.12	0.09	0.25	1.06	(1.14)	2.71	(1.60)	8.66
MKILX	0.57	0.14	0.00	(2.70)	0.49	(0.64)	1.36	(0.95)	3.48

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Bats Series Correlations

Bats Series Correlation With Market

Weak diversification

Moving together with Bats Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

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