Vest Bitcoin Correlations

BTCRX Fund

30.94 0.44 1.40%

The current 90-days correlation between Vest Bitcoin Strategy and Vest Large Cap is 0.25 (i.e., Modest diversification). The correlation of Vest Bitcoin 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.

Vest Bitcoin Correlation With Market

Average diversification

The correlation between Vest Bitcoin Strategy and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vest Bitcoin Strategy 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 Vest Bitcoin Strategy. 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 metropolitan statistical area.

Moving together with Vest Mutual Fund

0.89	ENGRX	Vest Large Cap	Pair Corr
0.89	ENGLX	Cboe Vest Sp	Pair Corr
0.89	ENGIX	Cboe Vest Sp	Pair Corr
0.88	ENGCX	Cboe Vest Sp	Pair Corr
0.89	ENGAX	Cboe Vest Sp	Pair Corr
0.88	ENGYX	Cboe Vest Sp	Pair Corr
1.0	BTCLX	Cboe Vest Bitcoin	Pair Corr
1.0	BTCYX	Cboe Vest Bitcoin	Pair Corr
1.0	BTCVX	Cboe Vest Bitcoin	Pair Corr
0.89	BUAGX	Cboe Vest Large	Pair Corr
0.89	BUCGX	Cboe Vest Large	Pair Corr
0.89	BUIGX	Cboe Vest Sp	Pair Corr
0.89	BUMGX	Cboe Vest Sp	Pair Corr
0.89	BURGX	Vest Large Cap	Pair Corr
0.89	BUYGX	Cboe Vest Large	Pair Corr
0.75	KNGRX	Vest Sp500 Div	Pair Corr
0.86	KNGYX	Cboe Vest Sp	Pair Corr
0.86	KNGAX	Cboe Vest Sp	Pair Corr
0.85	KNGCX	Cboe Vest Sp	Pair Corr
0.85	KNGIX	Cboe Vest Sp	Pair Corr
0.86	KNGLX	Cboe Vest Sp	Pair Corr
0.99	BTIDX	Idx Risk Managed	Pair Corr
1.0	BTCFX	Bitcoin Strategy Profund	Pair Corr
0.89	VTSAX	Vanguard Total Stock	Pair Corr
0.89	VFIAX	Vanguard 500 Index	Pair Corr
0.89	VTSMX	Vanguard Total Stock	Pair Corr
0.89	VSMPX	Vanguard Total Stock	Pair Corr
0.89	VSTSX	Vanguard Total Stock	Pair Corr
0.89	VITSX	Vanguard Total Stock	Pair Corr
0.89	VFINX	Vanguard 500 Index	Pair Corr
0.89	VFFSX	Vanguard 500 Index	Pair Corr
0.88	VGTSX	Vanguard Total Inter	Pair Corr
0.88	VTIAX	Vanguard Total Inter	Pair Corr
0.86	SMIDX	Smi Dynamic Allocation	Pair Corr
0.88	TEMUX	Emerging Markets Equity	Pair Corr
0.87	FHGLX	Fidelity Advisor Freedom	Pair Corr
0.87	GSFTX	Columbia Dividend Income	Pair Corr
0.89	CFOAX	Calvert Floating Rate	Pair Corr
0.82	PYLSX	Payden Limited Maturity	Pair Corr

Related Correlations Analysis

	ENGRX	ENGLX	ENGIX	ENGCX	ENGAX	ENGYX	BTCLX	BTCYX	BTCVX	BTCRX
ENGRX		1.0	1.0	1.0	1.0	0.98	0.89	0.9	0.9	0.89	ENGRX
ENGLX	1.0		1.0	1.0	1.0	0.98	0.89	0.89	0.89	0.89	ENGLX
ENGIX	1.0	1.0		1.0	1.0	0.98	0.89	0.89	0.89	0.89	ENGIX
ENGCX	1.0	1.0	1.0		1.0	0.98	0.88	0.89	0.89	0.88	ENGCX
ENGAX	1.0	1.0	1.0	1.0		0.98	0.88	0.89	0.89	0.89	ENGAX
ENGYX	0.98	0.98	0.98	0.98	0.98		0.88	0.88	0.88	0.88	ENGYX
BTCLX	0.89	0.89	0.89	0.88	0.88	0.88		1.0	1.0	1.0	BTCLX
BTCYX	0.9	0.89	0.89	0.89	0.89	0.88	1.0		1.0	1.0	BTCYX
BTCVX	0.9	0.89	0.89	0.89	0.89	0.88	1.0	1.0		1.0	BTCVX
BTCRX	0.89	0.89	0.89	0.88	0.89	0.88	1.0	1.0	1.0		BTCRX
	ENGRX	ENGLX	ENGIX	ENGCX	ENGAX	ENGYX	BTCLX	BTCYX	BTCVX	BTCRX

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Risk-Adjusted Indicators

There is a big difference between Vest Mutual Fund performing well and Vest Bitcoin 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 Vest Bitcoin'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
ENGRX	0.35	0.06	(0.01)	0.26	0.22	(0.43)	0.99	(0.52)	3.10
ENGLX	0.34	0.04	(0.05)	0.23	0.29	(0.43)	0.96	(0.78)	2.67
ENGIX	0.33	0.05	(0.04)	0.24	0.26	(0.42)	0.93	(0.75)	2.71
ENGCX	0.34	0.04	(0.05)	0.23	0.33	(0.41)	1.02	(0.71)	2.64
ENGAX	0.33	0.05	(0.04)	0.24	0.26	(0.44)	0.96	(0.67)	2.62
ENGYX	0.34	0.13	(0.02)	(1.83)	0.19	(0.43)	0.91	(0.73)	2.77
BTCLX	1.55	0.35	0.15	1.21	1.37	(1.80)	4.04	(2.78)	9.53
BTCYX	1.55	0.35	0.15	1.21	1.37	(1.80)	4.04	(2.79)	9.54
BTCVX	1.55	0.35	0.15	1.21	1.37	(1.85)	4.03	(2.76)	9.57
BTCRX	1.54	0.35	0.16	1.19	1.39	(1.80)	4.07	(2.77)	8.31

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Vest Bitcoin Correlations

Vest Bitcoin Correlation With Market

Average diversification

Moving together with Vest Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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