Catalyst/millburn Correlations

Mutual Funds . USA . 
Fund . Catalystmillburn Hedge Strategy
MBXAX Fund  USD 41.95  0.53  1.28%   
The current 90-days correlation between Catalystmillburn Hedge and Financials Ultrasector Profund is 0.63 (i.e., Poor diversification). The correlation of Catalyst/millburn 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/millburn Correlation With Market

Almost no diversification

The correlation between Catalystmillburn Hedge Strateg and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catalystmillburn Hedge Strateg and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Catalystmillburn Hedge Strategy. 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 nation.

Moving together with Catalyst/millburn Mutual Fund

  0.92HIICX Catalystsmh High IncomePairCorr
  0.92HIIFX Catalystsmh High IncomePairCorr
  0.94HIIIX Catalystsmh High IncomePairCorr
  0.85MLXCX Catalyst Mlp InfrastPairCorr
  0.86MLXAX Catalyst Mlp InfrastPairCorr
  0.86MLXIX Catalyst Mlp InfrastPairCorr
  0.78CWXIX Catalyst/warringtonPairCorr
  0.74CWXCX Catalyst/warringtonPairCorr
  0.77CWXAX Catalyst/warringtonPairCorr
  0.77CFRIX Catalyst/princetonPairCorr
  0.71CFRFX Catalyst/cifc FloatingPairCorr
  0.7CFRCX Catalyst/princetonPairCorr
  0.78CFRAX Catalyst/princetonPairCorr
  0.92SHIIX Catalyst/exceed DefinedPairCorr
  0.92SHIEX Catalyst/exceed DefinedPairCorr
  0.9SHINX Catalyst/exceed DefinedPairCorr
  0.79CLTIX Catalyst/lyons TacticalPairCorr
  0.86CLTCX Catalyst/lyons TacticalPairCorr
  0.86CLTAX Catalyst/lyons TacticalPairCorr
  1.0MBXFX Catalystmillburn HedgePairCorr
  1.0MBXCX Catalystmillburn HedgePairCorr
  1.0MBXIX Catalystmillburn HedgePairCorr
  0.85CPECX Catalyst Dynamic AlphaPairCorr
  0.86CPEAX Catalyst Dynamic AlphaPairCorr
  0.77CPEIX Catalyst Dynamic AlphaPairCorr
  0.85TRIIX Catalystsmh Total ReturnPairCorr
  0.84TRIFX Catalystsmh Total ReturnPairCorr
  0.83TRICX Catalystsmh Total ReturnPairCorr
  0.92TRXCX Catalyst/map GlobalPairCorr
  0.93TRXAX Catalyst/map GlobalPairCorr

Moving against Catalyst/millburn Mutual Fund

  0.42CLPCX Catalyst Exceed DefinedPairCorr
  0.4CLPAX Catalyst Exceed DefinedPairCorr
  0.39CLPFX Catalyst Exceed DefinedPairCorr
  0.84EIXCX Catalyst Enhanced IncomePairCorr
  0.84EIXAX Catalyst Enhanced IncomePairCorr
  0.84EIXIX Catalyst Enhanced IncomePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Catalyst/millburn Mutual Fund performing well and Catalyst/millburn 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/millburn'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.

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