Catalyst Media Correlations

CMX Stock

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The current 90-days correlation between Catalyst Media Group and MyHealthChecked Plc is 0.01 (i.e., Significant diversification). The correlation of Catalyst Media 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.

Catalyst Media Correlation With Market

Very good diversification

The correlation between Catalyst Media Group and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catalyst Media Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Catalyst Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Catalyst Media 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 Catalyst Media - 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 Catalyst Media Group to buy it.

Moving together with Catalyst Stock

0.75	0K1R	Viridian Therapeutics	Pair Corr
0.7	NBS	Nationwide Building	Pair Corr

Moving against Catalyst Stock

0.91	CNE	Capricorn Energy PLC	Pair Corr
0.87	HSBA	HSBC Holdings PLC	Pair Corr
0.85	0R1W	Walmart	Pair Corr
0.84	0IC8	Dollar Tree	Pair Corr
0.8	DEC	Diversified Energy	Pair Corr
0.76	PCT	Polar Capital Technology	Pair Corr
0.69	0LAI	Summit Materials	Pair Corr
0.66	RR	Rolls Royce Holdings	Pair Corr
0.62	MNKS	Monks Investment Trust	Pair Corr
0.57	0R15	SoftBank Group Corp Earnings Call This Week	Pair Corr
0.31	0MKO	Melia Hotels	Pair Corr
0.31	MWE	MTI Wireless Edge	Pair Corr
0.91	BRFI	BlackRock Frontiers Earnings Call This Week	Pair Corr
0.9	BGLP	Blackstone Loan Financing	Pair Corr
0.86	0N7I	Cairo Communication SpA	Pair Corr
0.84	ATT	Allianz Technology Trust	Pair Corr
0.84	PLUS	Plus500	Pair Corr
0.83	0MJK	Erste Group Bank	Pair Corr
0.75	ROCK	Rockfire Resources plc	Pair Corr
0.72	ITH	Ithaca Energy PLC	Pair Corr
0.67	BPT	Bridgepoint Group Plc	Pair Corr
0.65	LDG	Logistics Development	Pair Corr
0.64	0LCV	Taiwan Semiconductor	Pair Corr
0.6	CPG	Compass Group PLC Earnings Call This Week	Pair Corr
0.44	SSON	Smithson Investment Trust	Pair Corr
0.44	CUSN	Cornish Metals	Pair Corr
0.41	0QT5	Gaztransport et Technigaz	Pair Corr

Related Correlations Analysis

	0NW1	0HRS	MHC	ABDX	0R96	IHC	0J1R
0NW1		-0.51	0.62	0.6	0.78	-0.77	-0.48	0NW1
0HRS	-0.51		0.23	-0.18	-0.23	0.66	0.69	0HRS
MHC	0.62	0.23		0.45	0.74	-0.32	0.03	MHC
ABDX	0.6	-0.18	0.45		0.42	-0.33	-0.04	ABDX
0R96	0.78	-0.23	0.74	0.42		-0.66	-0.41	0R96
IHC	-0.77	0.66	-0.32	-0.33	-0.66		0.88	IHC
0J1R	-0.48	0.69	0.03	-0.04	-0.41	0.88		0J1R
	0NW1	0HRS	MHC	ABDX	0R96	IHC	0J1R

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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

0J1R	+ 0.88	IHC
0R96	+ 0.78	0NW1
0R96	+ 0.74	MHC
0J1R	+ 0.69	0HRS
IHC	+ 0.66	0HRS
MHC	+ 0.62	0NW1

High negative correlations

IHC	- 0.77	0NW1
IHC	- 0.66	0R96
0HRS	- 0.51	0NW1
0J1R	- 0.48	0NW1
0J1R	- 0.41	0R96
IHC	- 0.33	ABDX

Risk-Adjusted Indicators

There is a big difference between Catalyst Stock performing well and Catalyst Media Company 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 Catalyst Media'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
0NW1	1.87	0.17	0.04	0.68	2.38	(1.95)	4.10	(3.61)	13.74
0HRS	2.06	0.11	(0.01)	(0.12)	2.55	(2.27)	4.81	(4.58)	19.39
MHC	2.39	0.56	0.14	0.58	1.82	(6.73)	8.19	(3.70)	26.20
ABDX	1.71	0.02	(0.02)	0.03	2.40	(4.34)	6.45	(3.73)	19.83
0R96	1.18	0.20	0.09	6.26	1.08	(1.39)	3.13	(2.00)	7.91
IHC	1.05	(0.39)	0.00	(1.61)	0.00	0.00	2.00	(4.35)	13.02
0J1R	1.12	(0.12)	0.00	(0.29)	0.00	0.00	2.04	(2.02)	6.92

Be your own money manager

Our tools can tell you how much better you can do entering a position in Catalyst Media without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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