Bitcoin Strategy Correlations

BTCFX Fund

USD 15.59 -0.17 -1.08%

Current 90-days correlation between Bitcoin Strategy Profund and Intech Managed Volatility is -0.09 (i.e., Good diversification).Correlation analysis for Bitcoin Strategy quantifies the degree to which its price movements mirror or diverge from those of related assets. A coefficient near +1 signals strong co-movement, while a coefficient near -1 indicates consistent opposite movement.

Market Correlation Profile: Bitcoin Strategy

Average diversification

For the present investment horizon, the measured correlation between BTCFX and DJI stands at 0.12, or Average diversification. Used correctly, the chart supports evaluation of whether adding the second position genuinely diversifies the first.

For portfolio construction context, review Trending Equities. Diversification context helps frame allocation across holdings. The construction of a diversified portfolio involves managing position exposure. This content does not constitute investment advice or a recommendation. This reflects a position in Bitcoin Strategy Profund. It is distributed across the allocation. The allocation approach determines the relative weighting of each position. All figures are presented for informational review and are not prescriptive. 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 price.

Moving together with Bitcoin Mutual Fund

0.79	SRPIX	Short Real Estate Steady Growth	Pair Corr
0.82	SRPSX	Short Real Estate Steady Growth	Pair Corr
0.73	TEPIX	Technology Ultrasector	Pair Corr
0.71	TEPSX	Technology Ultrasector	Pair Corr
0.73	LGPIX	Large Cap Growth	Pair Corr
0.66	OTPIX	Nasdaq 100 Profund	Pair Corr
0.66	OTPSX	Nasdaq 100 Profund	Pair Corr
0.75	UKPSX	Ultrashort Japan Profund Steady Growth	Pair Corr
0.75	UKPIX	Ultrashort Japan Profund Steady Growth	Pair Corr
0.91	INPIX	Internet Ultrasector	Pair Corr
0.91	INPSX	Internet Ultrasector	Pair Corr
0.8	CYPSX	Consumer Services	Pair Corr
0.79	CYPIX	Consumer Services	Pair Corr

Moving against Bitcoin Mutual Fund

0.86	ENPSX	Oil Gas Ultrasector Steady Growth	Pair Corr
0.86	ENPIX	Oil Gas Ultrasector Steady Growth	Pair Corr
0.62	GVPIX	Us Government Plus	Pair Corr
0.58	UJPIX	Ultrajapan Profund	Pair Corr
0.58	GVPSX	Us Government Plus	Pair Corr
0.44	BRPSX	Bear Profund Bear	Pair Corr
0.44	UJPSX	Ultrajapan Profund	Pair Corr
0.43	BRPIX	Bear Profund Bear	Pair Corr
0.86	OEPSX	Oil Equipment Services Steady Growth	Pair Corr
0.86	OEPIX	Oil Equipment Services Steady Growth	Pair Corr
0.48	UNPIX	Ultrainternational	Pair Corr
0.47	UNPSX	Ultrainternational	Pair Corr
0.39	UMPSX	Ultramid Cap Profund	Pair Corr
0.38	SVPIX	Small Cap Value	Pair Corr
0.38	UMPIX	Ultramid Cap Profund	Pair Corr
0.37	SVPSX	Small Cap Value	Pair Corr

Related Correlations Analysis

	BUI	PBYMX	MFCIX	GOLDX	WMLIX	GLVYX	MVALX	GLDIX	FSLEX	JRSCX
BUI		0.75	0.56	0.8	-0.02	-0.33	0.56	0.8	0.73	-0.1	BUI
PBYMX	0.75		0.61	0.67	0.35	-0.04	0.61	0.67	0.76	0.25	PBYMX
MFCIX	0.56	0.61		0.72	0.51	0.42	1.0	0.72	0.67	0.46	MFCIX
GOLDX	0.8	0.67	0.72		0.34	-0.02	0.73	1.0	0.79	0.29	GOLDX
WMLIX	-0.02	0.35	0.51	0.34		0.7	0.51	0.34	0.5	0.98	WMLIX
GLVYX	-0.33	-0.04	0.42	-0.02	0.7		0.42	-0.02	-0.04	0.73	GLVYX
MVALX	0.56	0.61	1.0	0.73	0.51	0.42		0.73	0.67	0.46	MVALX
GLDIX	0.8	0.67	0.72	1.0	0.34	-0.02	0.73		0.79	0.29	GLDIX
FSLEX	0.73	0.76	0.67	0.79	0.5	-0.04	0.67	0.79		0.41	FSLEX
JRSCX	-0.1	0.25	0.46	0.29	0.98	0.73	0.46	0.29	0.41		JRSCX
	BUI	PBYMX	MFCIX	GOLDX	WMLIX	GLVYX	MVALX	GLDIX	FSLEX	JRSCX

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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

MVALX	+ 1.0	MFCIX
GLDIX	+ 1.0	GOLDX
JRSCX	+ 0.98	WMLIX
GOLDX	+ 0.8	BUI
GLDIX	+ 0.8	BUI
FSLEX	+ 0.79	GOLDX

High negative correlations

GLVYX	- 0.33	BUI
JRSCX	- 0.1	BUI
FSLEX	- 0.04	GLVYX
GLVYX	- 0.04	PBYMX
GLDIX	- 0.02	GLVYX
GLVYX	- 0.02	GOLDX

Risk-Adjusted Indicators

Bitcoin Strategy Mutual Fund may look attractive on headline returns alone, but deeper analysis often tells a different story. A thorough review of Bitcoin Strategy's risk-adjusted indicators provides a clearer picture of whether returns are being earned efficiently. 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
BUI	0.91	0.09	0.11	-0.79	1.70	-0.82	1.80	-2.06	10.52
PBYMX	0.15	-0.01	0.00	-0.28	0.00	0.00	0.33	-0.65	1.30
MFCIX	1.19	0.33	0.22	0.13	1.13	-1.39	1.63	-1.96	18.04
GOLDX	2.46	0.09	0.00	-0.03	0.00	0.00	4.53	-6.55	18.06
WMLIX	0.59	0.01	0.00	-0.09	0.00	0.00	0.88	-1.55	3.64
GLVYX	1.02	0.18	0.15	0.08	1.14	-1.18	1.38	-2.04	18.84
MVALX	1.19	0.32	0.22	0.13	1.15	-1.38	1.63	-1.93	17.79
GLDIX	2.46	0.09	0.00	-0.03	0.00	0.00	4.52	-6.55	18.06
FSLEX	0.82	0.05	0.00	-0.05	0.00	0.00	1.25	-2.16	5.22
JRSCX	0.64	0.01	0.00	-0.09	0.00	0.00	0.87	-1.41	3.57

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