Catalyst/millburn Correlations

Mutual Funds . USA . 
Fund . Catalystmillburn Hedge Strategy
MBXIX Fund  USD 42.09  0.45  1.06%   
The current 90-days correlation between Catalystmillburn Hedge and Jp Morgan Smartretirement is 0.03 (i.e., Significant 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 gross domestic product.

Moving together with Catalyst/millburn Mutual Fund

  0.91HIICX Catalystsmh High IncomePairCorr
  0.91HIIFX Catalystsmh High IncomePairCorr
  0.93HIIIX Catalystsmh High IncomePairCorr
  0.86MLXCX Catalyst Mlp InfrastPairCorr
  0.84MLXAX Catalyst Mlp InfrastPairCorr
  0.86MLXIX Catalyst Mlp InfrastPairCorr
  0.76CWXIX Catalyst/warringtonPairCorr
  0.74CWXCX Catalyst/warringtonPairCorr
  0.77CWXAX Catalyst/warringtonPairCorr
  0.67CFRIX Catalyst/princetonPairCorr
  0.7CFRAX Catalyst/princetonPairCorr
  0.92SHIIX Catalyst/exceed DefinedPairCorr
  0.91SHIEX Catalyst/exceed DefinedPairCorr
  0.91SHINX Catalyst/exceed DefinedPairCorr
  0.8CLTIX Catalyst/lyons TacticalPairCorr
  0.85CLTCX Catalyst/lyons TacticalPairCorr
  0.86CLTAX Catalyst/lyons TacticalPairCorr
  0.98MBXAX Catalystmillburn HedgePairCorr
  1.0MBXFX Catalystmillburn HedgePairCorr
  1.0MBXCX Catalystmillburn HedgePairCorr
  0.84CPECX Catalyst Dynamic AlphaPairCorr
  0.85CPEAX Catalyst Dynamic AlphaPairCorr
  0.8CPEIX Catalyst Dynamic AlphaPairCorr
  0.81TRIIX Catalystsmh Total ReturnPairCorr
  0.79TRIFX Catalystsmh Total ReturnPairCorr
  0.79TRICX Catalystsmh Total ReturnPairCorr
  0.93TRXAX Catalyst/map GlobalPairCorr
  0.9TRXIX Catalyst/map GlobalPairCorr

Moving against Catalyst/millburn Mutual Fund

  0.47CLPCX Catalyst Exceed DefinedPairCorr
  0.46CLPAX Catalyst Exceed DefinedPairCorr
  0.45CLPFX Catalyst Exceed DefinedPairCorr
  0.81EIXAX Catalyst Enhanced IncomePairCorr
  0.8EIXCX Catalyst Enhanced IncomePairCorr
  0.79EIXIX 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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