Catalystmillburn Correlations

Mutual Funds . USA . 
Fund . Catalystmillburn Hedge Strategy
MBXAX Fund  USD 39.99  0.03  0.08%   
The current 90-days correlation between Catalystmillburn Hedge and Catalystsmh High Income is 0.29 (i.e., Modest diversification). The correlation of Catalystmillburn 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.

Catalystmillburn Correlation With Market

Poor diversification

The correlation between Catalystmillburn Hedge Strateg and DJI is 0.74 (i.e., Poor 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 Catalystmillburn Mutual Fund

  0.88HIICX Catalystsmh High IncomePairCorr
  0.87HIIFX Catalystsmh High IncomePairCorr
  0.88HIIIX Catalystsmh High IncomePairCorr
  0.94MLXCX Catalyst Mlp InfrastPairCorr
  0.94MLXAX Catalyst Mlp InfrastPairCorr
  0.94MLXIX Catalyst Mlp InfrastPairCorr
  0.92CFRIX Catalyst/princetonPairCorr
  0.92CFRCX Catalyst/princetonPairCorr
  0.93CFRAX Catalyst/princetonPairCorr
  0.87INSAX Catalyst Insider BuyingPairCorr
  0.87INSCX Catalyst Insider BuyingPairCorr
  0.87INSIX Catalyst Insider BuyingPairCorr
  0.86SHIIX Catalyst/exceed DefinedPairCorr
  0.86SHIEX Catalyst/exceed DefinedPairCorr
  0.86SHINX Catalyst/exceed DefinedPairCorr
  0.83CLPCX Catalyst Exceed DefinedPairCorr
  0.84CLPAX Catalyst Exceed DefinedPairCorr
  0.84CLPFX Catalyst Exceed DefinedPairCorr
  0.76CLTIX Catalyst/lyons TacticalPairCorr
  0.75CLTCX Catalyst/lyons TacticalPairCorr
  0.76CLTAX Catalyst/lyons TacticalPairCorr
  1.0MBXFX Catalystmillburn HedgePairCorr
  1.0MBXCX Catalystmillburn HedgePairCorr
  1.0MBXIX Catalystmillburn HedgePairCorr
  0.92CPECX Catalyst Dynamic AlphaPairCorr
  0.92CPEAX Catalyst Dynamic AlphaPairCorr
  0.92CPEIX Catalyst Dynamic AlphaPairCorr

Moving against Catalystmillburn Mutual Fund

  0.62CWXCX Catalyst/warringtonPairCorr
  0.58ATRCX Catalyst IntelligentPairCorr
  0.56ATRFX Catalyst IntelligentPairCorr
  0.56ATRAX Catalyst IntelligentPairCorr
  0.9EIXCX Catalyst Enhanced IncomePairCorr
  0.89EIXAX Catalyst Enhanced IncomePairCorr
  0.89EIXIX Catalyst Enhanced IncomePairCorr
  0.43TRXCX Catalyst/map GlobalPairCorr
  0.32TRXAX Catalyst/map GlobalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
HIIFX
+ 1.0
HIICX
MLXAX
+ 1.0
MLXCX
MLXIX
+ 1.0
MLXCX
MLXIX
+ 1.0
MLXAX
HIIIX
+ 0.99
HIICX
HIIIX
+ 0.99
HIIFX
  
High negative correlations   
CWXCX
- 0.53
HIICX
CWXCX
- 0.52
HIIIX
CWXCX
- 0.52
HIIFX
CWXCX
- 0.5
MLXIX
CWXCX
- 0.5
MLXAX
CWXCX
- 0.5
MLXCX

Risk-Adjusted Indicators

There is a big difference between Catalystmillburn Mutual Fund performing well and Catalystmillburn 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 Catalystmillburn'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
HIICX  0.19  0.02 (0.27) 0.29  0.00 
(0.35)
 0.54 
(0.27)
 1.08 
HIIFX  0.19  0.03 (0.24) 0.32  0.00 
(0.35)
 0.54 
(0.27)
 1.09 
HIIIX  0.19  0.03 (0.23) 0.30  0.00 
(0.36)
 0.54 
(0.27)
 1.33 
MLXCX  0.76  0.26  0.24  0.63  0.39 
(0.95)
 1.92 
(1.17)
 5.28 
MLXAX  0.76  0.26  0.25  0.63  0.38 
(0.95)
 1.93 
(1.17)
 5.26 
MLXIX  0.76  0.26  0.25  0.63  0.38 
(0.95)
 1.92 
(1.13)
 5.28 
CWXIX  0.04  0.00 (0.56) 0.14  0.05 
(0.20)
 0.11 
(0.11)
 1.16 
CWXCX  0.05  0.00 (0.71) 0.16  0.08 
(0.19)
 0.12 
(0.12)
 1.04 
CWXAX  0.04  0.00 (0.66) 0.18  0.05 
(0.20)
 0.11 
(0.11)
 0.97 
CFHCX  0.63  0.02 (0.09) 0.22  0.82 
(0.66)
 1.39 
(1.51)
 3.95 

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