Bats Series Correlations

BRAMX Fund

USD 8.36 0.03 0.36%

The current 90-days correlation between Bats Series M and Great West Goldman Sachs is 0.07 (i.e., Significant 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

Significant diversification

The correlation between Bats Series M and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bats Series M 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 M. 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 population.

Moving together with Bats Mutual Fund

0.65	MKDVX	Blackrock Equity Dividend	Pair Corr
0.61	MKGCX	Blackrock Advantage	Pair Corr
0.89	BRACX	Bats Series C	Pair Corr
0.64	MKLOX	Blackrock Global All	Pair Corr
0.84	BRASX	Bats Series S	Pair Corr
0.64	BRGPX	Blackrock Gwth Prepared	Pair Corr
0.61	BRGKX	Blckrck Fds Iii	Pair Corr
0.61	BRGAX	Blckrck Fdsiii Rssll	Pair Corr
0.69	BRHYX	Blackrock Hi Yld	Pair Corr
0.66	BRIDX	Blackrock Retirement	Pair Corr
0.61	BRIEX	Blackrock Retirement	Pair Corr
0.69	BRICX	Blackrock Retirement	Pair Corr
0.85	MKWIX	Blackrock Strategic	Pair Corr

Related Correlations Analysis

	MXKJX	XGGNX	SGDLX	FRGOX	FGDIX	RYPMX
MXKJX		0.63	0.45	0.33	0.27	0.39	MXKJX
XGGNX	0.63		0.85	0.78	0.76	0.68	XGGNX
SGDLX	0.45	0.85		0.96	0.92	0.77	SGDLX
FRGOX	0.33	0.78	0.96		0.96	0.88	FRGOX
FGDIX	0.27	0.76	0.92	0.96		0.87	FGDIX
RYPMX	0.39	0.68	0.77	0.88	0.87		RYPMX
	MXKJX	XGGNX	SGDLX	FRGOX	FGDIX	RYPMX

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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
MXKJX	0.72	0.06	0.05	0.20	0.67	(0.89)	1.88	(1.43)	5.35
XGGNX	0.62	0.06	(0.10)	(1.15)	0.69	(0.75)	1.39	(1.35)	4.00
SGDLX	1.40	0.28	0.00	(0.14)	1.95	(1.40)	3.33	(2.89)	11.34
FRGOX	1.46	0.19	(0.02)	(0.13)	2.03	(1.44)	2.96	(3.21)	11.91
FGDIX	1.51	0.17	(0.03)	(0.06)	2.18	(1.52)	2.97	(3.72)	12.28
RYPMX	1.59	0.19	0.02	(33.05)	2.05	(1.71)	3.33	(3.64)	10.87

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Bats Series Correlations

Bats Series Correlation With Market

Significant diversification

Moving together with Bats Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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