Bts Managed Correlations

BTSAX Fund

USD 9.70 0.01 0.10%

The current 90-days correlation between Bts Managed Income and Short Term Government Fund is 0.03 (i.e., Significant diversification). The correlation of Bts Managed 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 Managed Correlation With Market

Good diversification

The correlation between Bts Managed Income and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bts Managed Income 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 Managed Income. 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 nation.

Moving together with Bts Mutual Fund

0.95	BTFRX	Bts Tactical Fixed	Pair Corr
0.96	BTFIX	Bts Tactical Fixed	Pair Corr
0.94	BTFCX	Bts Tactical Fixed	Pair Corr
0.95	BTFAX	Bts Tactical Fixed	Pair Corr
0.98	BTSIX	Bts Managed Income	Pair Corr
0.98	BTSCX	Bts Managed Income	Pair Corr
0.98	BTSRX	Bts Managed Income	Pair Corr
0.94	EEQAX	Bts Enhanced Equity	Pair Corr
0.94	EEQIX	Bts Enhanced Equity	Pair Corr
0.96	BSIKX	Blackrock Strategic	Pair Corr
0.95	BSICX	Blackrock Strategic Opps	Pair Corr
0.96	BASIX	Blackrock Strategic Opps	Pair Corr
0.96	BSIIX	Blackrock Strategic	Pair Corr
0.97	JSORX	Jpmorgan Strategic Income	Pair Corr
0.97	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.96	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.97	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.97	JSOAX	Jpmorgan Strategic Income	Pair Corr
0.83	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.89	MGGYX	Mirova Global Green	Pair Corr
0.96	HLDIX	Hartford Emerging	Pair Corr
0.97	HLDRX	Hartford Emerging	Pair Corr
0.97	HLDAX	Hartford Emerging	Pair Corr
0.96	HLDCX	Hartford Emerging	Pair Corr
0.97	HLDTX	Hartford Emerging	Pair Corr
0.93	MDIJX	Mfs International	Pair Corr
0.92	ICTEX	Icon Information Tec	Pair Corr
0.96	VFINX	Vanguard 500 Index	Pair Corr
0.86	RTEAX	Tax Exempt Bond	Pair Corr
0.97	PYEMX	Payden Emerging Markets	Pair Corr
0.96	FFFCX	Fidelity Freedom 2010	Pair Corr
0.98	EKSRX	Wells Fargo Diversified	Pair Corr
0.93	MLOZX	Cohen Steers Mlp	Pair Corr
0.99	TNXAX	1290 Doubleline Dynamic	Pair Corr
0.98	UPDDX	Upright Growth Income	Pair Corr

Related Correlations Analysis

	TWACX	SSAGX	SMAAX	DNCGX	CGTFX	RYAQX
TWACX		0.81	0.74	0.85	0.8	-0.13	TWACX
SSAGX	0.81		0.95	0.84	0.51	0.36	SSAGX
SMAAX	0.74	0.95		0.81	0.44	0.4	SMAAX
DNCGX	0.85	0.84	0.81		0.83	0.03	DNCGX
CGTFX	0.8	0.51	0.44	0.83		-0.43	CGTFX
RYAQX	-0.13	0.36	0.4	0.03	-0.43		RYAQX
	TWACX	SSAGX	SMAAX	DNCGX	CGTFX	RYAQX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SMAAX	+ 0.95	SSAGX
DNCGX	+ 0.85	TWACX
DNCGX	+ 0.84	SSAGX
CGTFX	+ 0.83	DNCGX
SSAGX	+ 0.81	TWACX
DNCGX	+ 0.81	SMAAX

High negative correlations

RYAQX	- 0.43	CGTFX
RYAQX	- 0.13	TWACX

Risk-Adjusted Indicators

There is a big difference between Bts Mutual Fund performing well and Bts Managed 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 Managed'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
TWACX	0.09	0.00	(0.91)	0.15	0.00	(0.16)	0.22	(0.22)	0.56
SSAGX	0.06	0.01	(1.22)	2.26	0.00	(0.18)	0.10	(0.10)	0.61
SMAAX	0.11	0.03	(0.58)	(6.24)	0.00	(0.16)	0.21	(0.10)	0.72
DNCGX	0.19	0.01	(0.43)	0.25	0.15	(0.23)	0.32	(0.41)	1.05
CGTFX	0.28	0.00	(0.36)	0.16	0.30	(0.30)	0.58	(0.59)	1.27
RYAQX	0.63	0.05	(0.13)	(4.31)	0.61	(0.78)	1.28	(1.11)	3.33

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