Bts Tactical Fixed Fund Market Value
BTFCX Fund | USD 7.56 0.01 0.13% |
Symbol | Bts |
Bts Tactical 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Bts Tactical's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Bts Tactical.
03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Bts Tactical on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Bts Tactical Fixed or generate 0.0% return on investment in Bts Tactical over 30 days. Bts Tactical is related to or competes with Blackrock Strategic, Jpmorgan Strategic, and Jpmorgan Strategic. Under normal circumstances, the fund invests at least 80 percent of its assets in fixed income securities of domestic an... More
Bts Tactical Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Bts Tactical's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Bts Tactical Fixed upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.3842 | |||
Information Ratio | (0.29) | |||
Maximum Drawdown | 1.58 | |||
Value At Risk | (0.65) | |||
Potential Upside | 0.5236 |
Bts Tactical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bts Tactical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bts Tactical's standard deviation. In reality, there are many statistical measures that can use Bts Tactical historical prices to predict the future Bts Tactical's volatility.Risk Adjusted Performance | (0) | |||
Jensen Alpha | (0.04) | |||
Total Risk Alpha | (0.05) | |||
Sortino Ratio | (0.24) | |||
Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bts Tactical's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bts Tactical Fixed Backtested Returns
Bts Tactical Fixed secures Sharpe Ratio (or Efficiency) of -0.0187, which signifies that the fund had a -0.0187% return per unit of risk over the last 3 months. Bts Tactical Fixed exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bts Tactical's Mean Deviation of 0.2338, risk adjusted performance of (0), and Downside Deviation of 0.3842 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bts Tactical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bts Tactical is expected to be smaller as well.
Auto-correlation | 0.36 |
Below average predictability
Bts Tactical Fixed has below average predictability. Overlapping area represents the amount of predictability between Bts Tactical time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bts Tactical Fixed price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Bts Tactical price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.36 | |
Spearman Rank Test | 0.45 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Bts Tactical Fixed lagged returns against current returns
Autocorrelation, which is Bts Tactical mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Bts Tactical's mutual fund expected returns. We can calculate the autocorrelation of Bts Tactical returns to help us make a trade decision. For example, suppose you find that Bts Tactical has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
Timeline |
Bts Tactical regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Bts Tactical mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bts Tactical mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bts Tactical mutual fund over time.
Current vs Lagged Prices |
Timeline |
Bts Tactical Lagged Returns
When evaluating Bts Tactical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bts Tactical mutual fund have on its future price. Bts Tactical autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Bts Tactical autocorrelation shows the relationship between Bts Tactical mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Bts Tactical Fixed.
Regressed Prices |
Timeline |
Pair Trading with Bts Tactical
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bts Tactical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bts Tactical will appreciate offsetting losses from the drop in the long position's value.Moving together with Bts Mutual Fund
1.0 | BTFAX | Bts Tactical Fixed | PairCorr |
0.9 | BSIKX | Blackrock Strategic | PairCorr |
0.92 | BSICX | Blackrock Strategic Opps | PairCorr |
0.91 | BASIX | Blackrock Strategic Opps | PairCorr |
0.89 | BSIIX | Blackrock Strategic | PairCorr |
The ability to find closely correlated positions to Bts Tactical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bts Tactical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bts Tactical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bts Tactical Fixed to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bts Tactical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bts Tactical Fixed moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bts Tactical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Bts Tactical Correlation, Bts Tactical Volatility and Bts Tactical Alpha and Beta module to complement your research on Bts Tactical. Note that the Bts Tactical Fixed information on this page should be used as a complementary analysis to other Bts Tactical's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Bts Tactical technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.