Bts Tactical Correlations

Mutual Funds . USA . 
Fund . Bts Tactical Fixed
BTFCX Fund  USD 7.62  0.01  0.13%   
The current 90-days correlation between Bts Tactical Fixed and Fidelity Series Emerging is -0.05 (i.e., Good diversification). The correlation of Bts Tactical 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 Tactical Correlation With Market

Good diversification

The correlation between Bts Tactical Fixed and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bts Tactical Fixed 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 Tactical Fixed. 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 Bts Mutual Fund

  0.74BTFRX Bts Tactical FixedPairCorr
  0.61BTSRX Bts Managed IncomePairCorr
  0.83BSIKX Blackrock StrategicPairCorr
  0.93BSICX Blackrock Strategic OppsPairCorr
  0.94BASIX Blackrock Strategic OppsPairCorr
  0.82BSIIX Blackrock StrategicPairCorr
  0.9JSORX Jpmorgan Strategic IncomePairCorr
  0.89JSOZX Jpmorgan Strategic IncomePairCorr
  0.76JSOCX Jpmorgan Strategic IncomePairCorr
  0.89JSOSX Jpmorgan Strategic IncomePairCorr
  0.9JSOAX Jpmorgan Strategic IncomePairCorr
  0.87PMZCX Pimco Mortgage OpporPairCorr
  0.65FTCAX Templeton Strained BondPairCorr
  0.8LSIIX Loomis Sayles InvestmentPairCorr
  0.71TILCX T Rowe PricePairCorr
  0.75TEMUX Emerging Markets EquityPairCorr
  0.92KAMCX Kensington Managed IncomePairCorr
  0.87BEQAX Equity GrowthPairCorr
  0.84BUBSX Baird Ultra ShortPairCorr
  0.79WEGRX Allspring Emerging GrowthPairCorr
  0.63FICMX Federated GovernmentPairCorr
  0.85FTZFX Fuller Thaler BehavioralPairCorr
  0.88QGRPX Ubs Quality GrowthPairCorr
  0.68ATECX Ab Sustainable GlobalPairCorr
  0.71OPTIX Oppenheimer CapitalPairCorr

Moving against Bts Mutual Fund

  0.46TCSUX Cleartrack 2020 ClassPairCorr
  0.42TCTGX Transamerica CleartrackPairCorr
  0.42USPSX Profunds UltrashortPairCorr
  0.41TCTJX Transamerica CleartrackPairCorr
  0.4TDKTX Cleartrack 2015 ClassPairCorr
  0.42USPIX Profunds UltrashortPairCorr
  0.39UIPIX Ultrashort Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Bts Mutual Fund performing well and Bts Tactical 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 Tactical'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.

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