Bts Managed Correlations

Mutual Funds . USA . 
Fund . Bts Managed Income
BTSRX Fund  USD 9.71  0.01  0.10%   
The current 90-days correlation between Bts Managed Income and Bts Tactical Fixed is 0.68 (i.e., 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 metropolitan statistical area.

Moving together with Bts Mutual Fund

  0.95BTFRX Bts Tactical FixedPairCorr
  0.96BTFIX Bts Tactical FixedPairCorr
  0.95BTFCX Bts Tactical FixedPairCorr
  0.64BTFAX Bts Tactical FixedPairCorr
  1.0BTSIX Bts Managed IncomePairCorr
  1.0BTSCX Bts Managed IncomePairCorr
  0.65BTSAX Bts Managed IncomePairCorr
  0.72EEQAX Bts Enhanced EquityPairCorr
  0.94EEQIX Bts Enhanced EquityPairCorr
  0.75BSIKX Blackrock StrategicPairCorr
  0.69BSICX Blackrock Strategic OppsPairCorr
  0.69BASIX Blackrock Strategic OppsPairCorr
  0.76BSIIX Blackrock StrategicPairCorr
  0.62JSORX Jpmorgan Strategic IncomePairCorr
  0.61JSOZX Jpmorgan Strategic IncomePairCorr
  0.7JSOCX Jpmorgan Strategic IncomePairCorr
  0.63JSOSX Jpmorgan Strategic IncomePairCorr
  0.63JSOAX Jpmorgan Strategic IncomePairCorr
  0.76HLDIX Hartford EmergingPairCorr
  0.76HLDRX Hartford EmergingPairCorr
  0.75HLDAX Hartford EmergingPairCorr
  0.76HLDCX Hartford EmergingPairCorr
  0.76HLDTX Hartford EmergingPairCorr
  0.74MDIJX Mfs InternationalPairCorr
  0.92ICTEX Icon Information TecPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.88RTEAX Tax Exempt BondPairCorr
  0.7PYEMX Payden Emerging MarketsPairCorr
  0.75FFFCX Fidelity Freedom 2010PairCorr
  0.74EKSRX Wells Fargo DiversifiedPairCorr
  0.65MLOZX Cohen Steers MlpPairCorr
  0.99TNXAX 1290 Doubleline DynamicPairCorr
  0.98UPDDX Upright Growth IncomePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BTFRX  0.17  0.01 (0.33) 0.19  0.09 
(0.21)
 0.27 
(0.27)
 1.19 
BTFIX  0.15  0.01 (0.32) 0.25  0.00 
(0.20)
 0.39 
(0.27)
 1.06 
BTFCX  0.14  0.01 (0.37) 0.23  0.00 
(0.21)
 0.27 
(0.39)
 0.94 
BTFAX  0.16  0.03 (0.29)(0.90) 0.07 
(0.21)
 0.27 
(0.39)
 1.19 
BTSIX  0.17  0.04 (0.21) 0.33  0.00 
(0.21)
 0.43 
(0.41)
 1.29 
BTSCX  0.18  0.03 (0.22) 0.30  0.00 
(0.22)
 0.43 
(0.41)
 1.18 
BTSAX  0.16  0.06 (0.22) 61.68  0.00 
(0.22)
 0.42 
(0.31)
 1.38 
BTSRX  0.18  0.03 (0.23) 0.31  0.00 
(0.23)
 0.43 
(0.41)
 1.17 
EEQAX  0.45  0.06 (0.12)(2.12) 0.50 
(0.49)
 1.26 
(0.73)
 2.90 
EEQIX  0.52 (0.04)(0.12) 0.07  0.63 
(0.54)
 1.26 
(0.95)
 3.49 

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