Bts Tactical Correlations

Mutual Funds . USA . 
Fund . Bts Tactical Fixed
BTFIX Fund  USD 7.66  0.01  0.13%   
The current 90-days correlation between Bts Tactical Fixed and Valic Company I is 0.66 (i.e., Poor 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

Very weak diversification

The correlation between Bts Tactical Fixed and DJI is 0.53 (i.e., Very weak 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 gross domestic product.

Moving together with Bts Mutual Fund

  1.0BTFRX Bts Tactical FixedPairCorr
  0.99BTFCX Bts Tactical FixedPairCorr
  0.96BTSRX Bts Managed IncomePairCorr
  0.88EEQAX Bts Enhanced EquityPairCorr
  0.95BSIKX Blackrock StrategicPairCorr
  0.94BSICX Blackrock Strategic OppsPairCorr
  0.95BASIX Blackrock Strategic OppsPairCorr
  0.95BSIIX Blackrock StrategicPairCorr
  0.92JSORX Jpmorgan Strategic IncomePairCorr
  0.91JSOZX Jpmorgan Strategic IncomePairCorr
  0.89JSOCX Jpmorgan Strategic IncomePairCorr
  0.91JSOSX Jpmorgan Strategic IncomePairCorr
  0.91JSOAX Jpmorgan Strategic IncomePairCorr
  0.89PMZCX Pimco Mortgage OpporPairCorr
  0.85PDI Pimco Dynamic IncomePairCorr
  0.95FTCAX Templeton Strained BondPairCorr
  0.93LSIIX Loomis Sayles InvestmentPairCorr
  0.9CSGCX Calvert Balanced PorPairCorr
  0.89TILCX T Rowe PricePairCorr
  0.9PRSIX Trowe Price PersonalPairCorr
  0.88TEMUX Emerging Markets EquityPairCorr
  0.96KAMCX Kensington Managed IncomePairCorr
  0.89BEQAX Equity GrowthPairCorr
  0.94BUBSX Baird Ultra ShortPairCorr
  0.83WEGRX Allspring Emerging GrowthPairCorr
  0.75FICMX Federated GovernmentPairCorr
  0.88FTZFX Fuller Thaler BehavioralPairCorr
  0.9QGRPX Ubs Quality GrowthPairCorr
  0.88LGLFX Lord Abbett GrowthPairCorr
  0.66FIBLX American Funds InflationPairCorr
  0.85ATECX Ab Sustainable GlobalPairCorr
  0.87OPTIX Oppenheimer CapitalPairCorr

Moving against Bts Mutual Fund

  0.83USPSX Profunds UltrashortPairCorr
  0.7TCTGX Transamerica CleartrackPairCorr
  0.7TCTJX Transamerica CleartrackPairCorr
  0.7TCSUX Cleartrack 2020 ClassPairCorr
  0.69TDKTX Cleartrack 2015 ClassPairCorr
  0.83USPIX Profunds UltrashortPairCorr
  0.82UIPIX 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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