Catalyst/cifc Floating Correlations

Mutual Funds USA . 
Fund . Catalystcifc Floating Rate
CFRFX Fund   9.27  0.01  0.11%   
The current 90-days correlation between Catalyst/cifc Floating and Catalystsmh High Income is -0.05 (i.e., Good diversification). The correlation of Catalyst/cifc Floating 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/cifc Floating Correlation With Market

Significant diversification

The correlation between Catalystcifc Floating Rate and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catalystcifc Floating Rate and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Catalystcifc Floating Rate. 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 census.

Moving together with Catalyst/cifc Mutual Fund

  0.85HIICX Catalystsmh High IncomePairCorr
  0.85HIIFX Catalystsmh High IncomePairCorr
  0.86HIIIX Catalystsmh High IncomePairCorr
  0.94MLXCX Catalyst Mlp InfrastPairCorr
  0.94MLXAX Catalyst Mlp InfrastPairCorr
  0.94MLXIX Catalyst Mlp InfrastPairCorr
  0.98CFRIX Catalyst/princetonPairCorr
  0.98CFRCX Catalyst/princetonPairCorr
  0.98CFRAX Catalyst/princetonPairCorr
  0.78INSAX Catalyst Insider BuyingPairCorr
  0.77INSCX Catalyst Insider BuyingPairCorr
  0.78INSIX Catalyst Insider BuyingPairCorr
  0.78SHIIX Catalyst/exceed DefinedPairCorr
  0.78SHIEX Catalyst/exceed DefinedPairCorr
  0.77SHINX Catalyst/exceed DefinedPairCorr
  0.74CLPCX Catalyst Exceed DefinedPairCorr
  0.76CLPAX Catalyst Exceed DefinedPairCorr
  0.76CLPFX Catalyst Exceed DefinedPairCorr
  0.64CLTIX Catalystlyons TacticalPairCorr
  0.62CLTCX Catalystlyons TacticalPairCorr
  0.63CLTAX Catalystlyons TacticalPairCorr
  0.94MBXAX Catalystmillburn HedgePairCorr
  0.93MBXFX Catalystmillburn HedgePairCorr
  0.94MBXCX Catalystmillburn HedgePairCorr
  0.94MBXIX Catalystmillburn HedgePairCorr
  0.84CPECX Catalyst Dynamic AlphaPairCorr
  0.85CPEAX Catalyst Dynamic AlphaPairCorr
  0.85CPEIX Catalyst Dynamic AlphaPairCorr

Moving against Catalyst/cifc Mutual Fund

  0.7ATRCX Catalyst IntelligentPairCorr
  0.69ATRAX Catalyst IntelligentPairCorr
  0.68ATRFX Catalyst IntelligentPairCorr
  0.46CWXCX CatalystwarringtonPairCorr
  0.88EIXCX Catalyst Enhanced IncomePairCorr
  0.86EIXAX Catalyst Enhanced IncomePairCorr
  0.86EIXIX Catalyst Enhanced IncomePairCorr
  0.53TRXCX Catalyst/map GlobalPairCorr
  0.43TRXAX Catalyst/map GlobalPairCorr
  0.37TRXIX Catalyst/map GlobalPairCorr

Related Correlations Analysis

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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
- 0.51
MLXIX
CWXCX
- 0.51
MLXAX
CWXCX
- 0.51
MLXCX

Risk-Adjusted Indicators

There is a big difference between Catalyst/cifc Mutual Fund performing well and Catalyst/cifc Floating 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/cifc Floating'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  0.04 (0.23) 1.60  0.00 
(0.35)
 0.54 
(0.27)
 1.08 
HIIFX  0.19  0.04 (0.21) 2.44  0.00 
(0.35)
 0.54 
(0.27)
 1.09 
HIIIX  0.19  0.05 (0.19) 2.62  0.00 
(0.36)
 0.54 
(0.27)
 1.33 
MLXCX  0.78  0.20  0.16  0.49  0.62 
(0.92)
 1.57 
(1.21)
 5.28 
MLXAX  0.78  0.20  0.16  0.50  0.62 
(0.93)
 1.57 
(1.21)
 5.26 
MLXIX  0.78  0.20  0.16  0.50  0.61 
(0.93)
 1.56 
(1.24)
 5.28 
CWXIX  0.04 (0.01)(0.51)(0.28) 0.05 
(0.20)
 0.11 
(0.11)
 1.16 
CWXCX  0.05 (0.01)(0.65)(0.57) 0.08 
(0.19)
 0.12 
(0.12)
 1.04 
CWXAX  0.04 (0.01)(0.59)(0.53) 0.05 
(0.20)
 0.11 
(0.11)
 0.97 
CFHCX  0.63  0.00 (0.10) 0.12  0.82 
(0.66)
 1.39 
(1.51)
 3.95 

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