Bts Managed Income Fund Market Value
| BTSAX Fund | USD 9.35 0.01 0.11% |
| Symbol | Bts |
Bts Managed '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 Managed'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 Managed.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Bts Managed on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Bts Managed Income or generate 0.0% return on investment in Bts Managed over 90 days. Bts Managed is related to or competes with Blackrock Strategic, Jpmorgan Strategic, and Jpmorgan Strategic. The fund invests primarily in a portfolio of income-producing securities, including bonds issued by the U.S More
Bts Managed 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 Managed'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 Managed Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3807 | |||
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 1.29 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.432 |
Bts Managed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bts Managed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bts Managed's standard deviation. In reality, there are many statistical measures that can use Bts Managed historical prices to predict the future Bts Managed's volatility.| Risk Adjusted Performance | 0.0287 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.20) | |||
| Treynor Ratio | 0.0233 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bts Managed'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 Managed Me Backtested Returns
We consider Bts Managed very steady. Bts Managed Me secures Sharpe Ratio (or Efficiency) of 0.0323, which signifies that the fund had a 0.0323% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bts Managed Income, which you can use to evaluate the volatility of the entity. Please confirm Bts Managed's Risk Adjusted Performance of 0.0287, downside deviation of 0.3807, and Mean Deviation of 0.1955 to double-check if the risk estimate we provide is consistent with the expected return of 0.009%. The fund shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bts Managed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bts Managed is expected to be smaller as well.
Auto-correlation | -0.82 |
Excellent reverse predictability
Bts Managed Income has excellent reverse predictability. Overlapping area represents the amount of predictability between Bts Managed time series from 26th of January 2024 to 11th of March 2024 and 11th of March 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 Managed Me price movement. The serial correlation of -0.82 indicates that around 82.0% of current Bts Managed price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bts Managed Me lagged returns against current returns
Autocorrelation, which is Bts Managed 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 Managed's mutual fund expected returns. We can calculate the autocorrelation of Bts Managed returns to help us make a trade decision. For example, suppose you find that Bts Managed 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 Managed 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 Managed mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bts Managed 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 Managed mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Bts Managed Lagged Returns
When evaluating Bts Managed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bts Managed mutual fund have on its future price. Bts Managed 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 Managed autocorrelation shows the relationship between Bts Managed mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Bts Managed Income.
Regressed Prices |
| Timeline |
Pair Trading with Bts Managed
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 Managed 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 Managed will appreciate offsetting losses from the drop in the long position's value.Moving together with Bts Mutual Fund
| 0.8 | BTFAX | Bts Tactical Fixed | PairCorr |
| 0.77 | BSIKX | Blackrock Strategic | PairCorr |
| 0.76 | BSICX | Blackrock Strategic Opps | PairCorr |
| 0.77 | BASIX | Blackrock Strategic Opps | PairCorr |
| 0.77 | BSIIX | Blackrock Strategic | PairCorr |
The ability to find closely correlated positions to Bts Managed 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 Managed 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 Managed - 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 Managed Income to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bts Managed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bts Managed Me 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 Managed 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 Managed Correlation, Bts Managed Volatility and Bts Managed Alpha and Beta module to complement your research on Bts Managed. Note that the Bts Managed Me information on this page should be used as a complementary analysis to other Bts Managed'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 Managed 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.