Catalyst/smh High Correlations

HIIFX Fund

USD 4.11 0.03 0.72%

The current 90-days correlation between Catalystsmh High Income and Financials Ultrasector Profund is 0.05 (i.e., Significant diversification). The correlation of Catalyst/smh High 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.

Catalyst/smh High Correlation With Market

Very poor diversification

The correlation between Catalystsmh High Income and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catalystsmh High Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Catalystsmh High 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 price.

Moving together with Catalyst/smh Mutual Fund

0.93	HIICX	Catalystsmh High Income	Pair Corr
0.94	HIIIX	Catalystsmh High Income	Pair Corr
0.64	MLXCX	Catalyst Mlp Infrast	Pair Corr
0.65	MLXAX	Catalyst Mlp Infrast	Pair Corr
0.65	MLXIX	Catalyst Mlp Infrast	Pair Corr
0.76	CWXIX	Catalyst/warrington	Pair Corr
0.75	CWXCX	Catalyst/warrington	Pair Corr
0.82	CWXAX	Catalyst/warrington	Pair Corr
0.69	CFRIX	Catalyst/princeton	Pair Corr
0.71	CFRFX	Catalyst/cifc Floating	Pair Corr
0.71	CFRCX	Catalyst/princeton	Pair Corr
0.69	CFRAX	Catalyst/princeton	Pair Corr
0.69	ATRFX	Catalyst Intelligent	Pair Corr
0.68	ATRCX	Catalyst Intelligent	Pair Corr
0.75	ATRAX	Catalyst Intelligent	Pair Corr
0.79	SHIIX	Catalyst/exceed Defined	Pair Corr
0.83	SHIEX	Catalyst/exceed Defined	Pair Corr
0.79	SHINX	Catalyst/exceed Defined	Pair Corr
0.77	CLTIX	Catalyst/lyons Tactical	Pair Corr
0.72	CLTCX	Catalyst/lyons Tactical	Pair Corr
0.75	CLTAX	Catalyst/lyons Tactical	Pair Corr
0.92	MBXAX	Catalystmillburn Hedge	Pair Corr
0.9	MBXFX	Catalystmillburn Hedge	Pair Corr
0.9	MBXCX	Catalystmillburn Hedge	Pair Corr
0.9	MBXIX	Catalystmillburn Hedge	Pair Corr
0.72	CPECX	Catalyst Dynamic Alpha	Pair Corr
0.75	CPEAX	Catalyst Dynamic Alpha	Pair Corr
0.8	CPEIX	Catalyst Dynamic Alpha	Pair Corr
0.86	TRIIX	Catalystsmh Total Return	Pair Corr
0.88	TRIFX	Catalystsmh Total Return	Pair Corr
0.85	TRICX	Catalystsmh Total Return	Pair Corr
0.84	TRXCX	Catalystmap Global	Pair Corr
0.84	TRXAX	Catalystmap Global	Pair Corr

Moving against Catalyst/smh Mutual Fund

0.61	EIXCX	Catalyst Enhanced Income	Pair Corr
0.61	EIXIX	Catalyst Enhanced Income	Pair Corr
0.59	EIXAX	Catalyst Enhanced Income	Pair Corr

Related Correlations Analysis

	MCBXX	FIKBX	IAAEX	PSSRX	RMBLX	FNPIX
MCBXX		0.0	0.0	0.0	0.0	0.0	MCBXX
FIKBX	0.0		0.94	1.0	0.93	0.89	FIKBX
IAAEX	0.0	0.94		0.95	0.83	0.74	IAAEX
PSSRX	0.0	1.0	0.95		0.91	0.87	PSSRX
RMBLX	0.0	0.93	0.83	0.91		0.81	RMBLX
FNPIX	0.0	0.89	0.74	0.87	0.81		FNPIX
	MCBXX	FIKBX	IAAEX	PSSRX	RMBLX	FNPIX

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

PSSRX	+ 1.0	FIKBX
PSSRX	+ 0.95	IAAEX
IAAEX	+ 0.94	FIKBX
RMBLX	+ 0.93	FIKBX
RMBLX	+ 0.91	PSSRX
FNPIX	+ 0.89	FIKBX

High negative correlations

FNPIX	- 0.0	MCBXX
RMBLX	- 0.0	MCBXX
PSSRX	- 0.0	MCBXX
IAAEX	- 0.0	MCBXX
FIKBX	- 0.0	MCBXX

Risk-Adjusted Indicators

There is a big difference between Catalyst/smh Mutual Fund performing well and Catalyst/smh High 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 Catalyst/smh High'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
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FIKBX	0.74	0.12	0.12	0.22	0.63	(0.83)	1.70	(1.36)	8.31
IAAEX	0.95	0.35	0.39	0.78	0.00	(1.25)	1.85	(1.17)	19.44
PSSRX	0.87	0.16	0.17	0.23	0.61	(1.01)	1.90	(1.74)	12.65
RMBLX	1.00	0.32	0.32	0.45	0.42	(1.24)	3.09	(1.14)	6.79
FNPIX	0.99	(0.08)	(0.03)	0.04	1.40	(0.95)	1.85	(2.56)	6.55

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