Bts Managed Correlations

Mutual Funds . USA . 
Fund . Bts Managed Income
BTSIX Fund  USD 9.71  0.01  0.10%   
The current 90-days correlation between Bts Managed Income and Blackrock Conservative Prprdptfinstttnl is 0.83 (i.e., Very poor 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

Poor diversification

The correlation between Bts Managed Income and DJI is 0.78 (i.e., Poor 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 gross domestic product.

Moving together with Bts Mutual Fund

  0.95BTFRX Bts Tactical FixedPairCorr
  0.96BTFIX Bts Tactical FixedPairCorr
  0.94BTFCX Bts Tactical FixedPairCorr
  0.96BTFAX Bts Tactical FixedPairCorr
  1.0BTSCX Bts Managed IncomePairCorr
  1.0BTSAX Bts Managed IncomePairCorr
  1.0BTSRX Bts Managed IncomePairCorr
  0.93EEQAX Bts Enhanced EquityPairCorr
  0.93EEQIX Bts Enhanced EquityPairCorr
  0.96BSIKX Blackrock StrategicPairCorr
  0.96BSICX Blackrock Strategic OppsPairCorr
  0.97BASIX Blackrock Strategic OppsPairCorr
  0.97BSIIX Blackrock StrategicPairCorr
  0.97JSORX Jpmorgan Strategic IncomePairCorr
  0.97JSOZX Jpmorgan Strategic IncomePairCorr
  0.96JSOCX Jpmorgan Strategic IncomePairCorr
  0.97JSOSX Jpmorgan Strategic IncomePairCorr
  0.97JSOAX Jpmorgan Strategic IncomePairCorr
  0.83PMZCX Pimco Mortgage OpporPairCorr
  0.89MGGYX Mirova Global GreenPairCorr
  0.97HLDIX Hartford EmergingPairCorr
  0.97HLDRX Hartford EmergingPairCorr
  0.97HLDAX Hartford EmergingPairCorr
  0.97HLDCX Hartford EmergingPairCorr
  0.97HLDTX Hartford EmergingPairCorr
  0.93MDIJX Mfs InternationalPairCorr
  0.92ICTEX Icon Information TecPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.88RTEAX Tax Exempt BondPairCorr
  0.98PYEMX Payden Emerging MarketsPairCorr
  0.98FFFCX Fidelity Freedom 2010PairCorr
  0.99EKSRX Wells Fargo DiversifiedPairCorr
  0.93MLOZX Cohen Steers MlpPairCorr
  0.99TNXAX 1290 Doubleline DynamicPairCorr
  0.98UPDDX Upright Growth IncomePairCorr

Related Correlations Analysis

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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.

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