Catalyst Media Correlations

CMX Stock

51.00 1.50 2.86%

The current 90-days correlation between Catalyst Media Group and Naturhouse Health SA is -0.04 (i.e., Good diversification). The correlation of Catalyst Media 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.

Catalyst Media Correlation With Market

Significant diversification

The correlation between Catalyst Media Group and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catalyst Media Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Catalyst Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Catalyst Media when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Catalyst Media - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Catalyst Media Group to buy it.

Moving against Catalyst Stock

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0.85	SLP	Sylvania Platinum	Pair Corr
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0.79	ASTO	Assetco Plc	Pair Corr
0.74	0K9V	HAL Trust Earnings Call This Week	Pair Corr
0.6	SAL	SpaceandPeople Plc	Pair Corr
0.59	BC94	Samsung Electronics	Pair Corr
0.59	SMSN	Samsung Electronics	Pair Corr
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0.57	FGEN	Foresight Environmental	Pair Corr
0.36	SHEL	Shell plc	Pair Corr

Related Correlations Analysis

	0R9G	WWH	0DNW	EAH	0HRS	BBH	0LHR	0LJL
0R9G		0.25	0.47	-0.65	0.65	-0.14	0.35	-0.09	0R9G
WWH	0.25		0.76	0.17	-0.11	0.74	-0.44	0.72	WWH
0DNW	0.47	0.76		-0.38	0.45	0.32	-0.06	0.45	0DNW
EAH	-0.65	0.17	-0.38		-0.93	0.57	-0.6	0.39	EAH
0HRS	0.65	-0.11	0.45	-0.93		-0.61	0.69	-0.38	0HRS
BBH	-0.14	0.74	0.32	0.57	-0.61		-0.89	0.7	BBH
0LHR	0.35	-0.44	-0.06	-0.6	0.69	-0.89		-0.56	0LHR
0LJL	-0.09	0.72	0.45	0.39	-0.38	0.7	-0.56		0LJL
	0R9G	WWH	0DNW	EAH	0HRS	BBH	0LHR	0LJL

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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

0DNW	+ 0.76	WWH
BBH	+ 0.74	WWH
0LJL	+ 0.72	WWH
0LJL	+ 0.7	BBH
0LHR	+ 0.69	0HRS
0HRS	+ 0.65	0R9G

High negative correlations

0HRS	- 0.93	EAH
0LHR	- 0.89	BBH
EAH	- 0.65	0R9G
BBH	- 0.61	0HRS
0LHR	- 0.6	EAH
0LJL	- 0.56	0LHR

Risk-Adjusted Indicators

There is a big difference between Catalyst Stock performing well and Catalyst Media Company 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 Media'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
0R9G	0.98	0.03	0.06	(0.16)	1.01	(1.40)	2.35	(1.71)	7.41
WWH	0.86	(0.05)	0.00	(0.16)	0.00	0.00	1.49	(1.86)	5.29
0DNW	1.02	0.09	0.08	0.14	1.19	(1.17)	2.04	(1.85)	6.89
EAH	1.06	(0.25)	0.00	(0.67)	0.00	0.00	1.74	(3.76)	12.77
0HRS	1.69	0.60	0.39	1.74	1.14	(2.17)	4.17	(2.09)	19.59
BBH	0.83	(0.09)	0.00	(0.21)	0.00	0.00	1.61	(1.74)	5.88
0LHR	0.98	0.04	0.06	(1.03)	1.23	(1.03)	2.29	(2.42)	5.50
0LJL	1.55	(0.09)	0.00	0.54	0.00	0.00	3.16	(3.43)	11.99

Be your own money manager

Our tools can tell you how much better you can do entering a position in Catalyst Media without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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