Catalyst/smh High Correlations

Mutual Funds . USA . 
Fund . Catalystsmh High Income
HIIIX Fund  USD 4.11  0.03  0.72%   
The current 90-days correlation between Catalystsmh High Income and Rockefeller New York is 0.21 (i.e., Modest 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

Poor diversification

The correlation between Catalystsmh High Income and DJI is 0.62 (i.e., 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 gross domestic product.

Moving together with Catalyst/smh Mutual Fund

  0.99HIICX Catalystsmh High IncomePairCorr
  0.93HIIFX Catalystsmh High IncomePairCorr
  0.63MLXCX Catalyst Mlp InfrastPairCorr
  0.61MLXAX Catalyst Mlp InfrastPairCorr
  0.64MLXIX Catalyst Mlp InfrastPairCorr
  0.82CWXIX Catalyst/warringtonPairCorr
  0.81CWXCX Catalyst/warringtonPairCorr
  0.85CWXAX Catalyst/warringtonPairCorr
  0.67CFRIX CatalystprincetonPairCorr
  0.68CFRFX Catalystcifc FloatingPairCorr
  0.7CFRCX CatalystprincetonPairCorr
  0.65CFRAX CatalystprincetonPairCorr
  0.74ATRFX Catalyst IntelligentPairCorr
  0.76ATRCX Catalyst IntelligentPairCorr
  0.73ATRAX Catalyst IntelligentPairCorr
  0.82SHIIX Catalyst/exceed DefinedPairCorr
  0.82SHIEX Catalyst/exceed DefinedPairCorr
  0.83SHINX Catalyst/exceed DefinedPairCorr
  0.82CLTIX Catalyst/lyons TacticalPairCorr
  0.74CLTCX Catalyst/lyons TacticalPairCorr
  0.75CLTAX Catalyst/lyons TacticalPairCorr
  0.85MBXAX Catalystmillburn HedgePairCorr
  0.9MBXFX Catalystmillburn HedgePairCorr
  0.9MBXCX Catalystmillburn HedgePairCorr
  0.9MBXIX Catalystmillburn HedgePairCorr
  0.73CPECX Catalyst Dynamic AlphaPairCorr
  0.75CPEAX Catalyst Dynamic AlphaPairCorr
  0.83CPEIX Catalyst Dynamic AlphaPairCorr
  0.77TRIIX Catalystsmh Total ReturnPairCorr
  0.75TRIFX Catalystsmh Total ReturnPairCorr
  0.74TRICX Catalystsmh Total ReturnPairCorr
  0.82TRXCX Catalyst/map GlobalPairCorr
  0.76TRXAX Catalyst/map GlobalPairCorr

Moving against Catalyst/smh Mutual Fund

  0.59EIXAX Catalyst Enhanced IncomePairCorr
  0.57EIXCX Catalyst Enhanced IncomePairCorr
  0.57EIXIX Catalyst Enhanced IncomePairCorr

Related Correlations Analysis


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

KMDNX
+ 0.93
RYHIX
KMDNX
+ 0.92
GOPIX
GOPIX
+ 0.9
RYHIX
GIGRX
+ 0.88
MJSC
MJSC
+ 0.85
KMDNX
KMDNX
+ 0.83
EQCHX
  

High negative correlations

BHV
- 0.87
EQCHX
GIGRX
- 0.78
BHV
BHV
- 0.78
KMDNX
BHV
- 0.72
RYHIX
BHV
- 0.7
GOPIX
JMCGX
- 0.68
BHV

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RMNY  0.13 (0.01)(0.34)(0.10) 0.15 
(0.15)
 0.29 
(0.20)
 1.18 
RYHIX  0.61  0.10  0.12  0.25  0.43 
(0.82)
 1.97 
(0.97)
 4.49 
EQCHX  0.81  0.10  0.04  1.13  0.96 
(1.02)
 1.94 
(1.93)
 5.35 
GOPIX  0.63  0.19  0.12 (1.17) 0.43 
(0.80)
 1.86 
(1.41)
 4.22 
KMDNX  0.03  0.01  0.00 (2.95) 0.00 
 0.00 
 0.10 
 0.00 
 0.20 
MJSC  0.70  0.06  0.04  0.15  0.86 
(0.74)
 1.41 
(1.33)
 3.80 
RYEIX  0.93  0.09  0.05  0.27  1.02 
(0.98)
 2.13 
(1.68)
 5.17 
BHV  0.69 (0.03) 0.00 (0.35) 0.00 
 0.00 
 1.08 
(1.86)
 6.28 
JMCGX  1.18 (0.01) 0.01  0.06  1.36 
(1.20)
 2.58 
(2.24)
 8.14 
GIGRX  0.71  0.11  0.11  0.22  0.63 
(0.80)
 1.74 
(1.27)
 5.97 

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