Catalystmillburn Correlations

DCXCX Fund

USD 8.61 0.05 0.58%

The current 90-days correlation between Catalystmillburn Dyn and Angel Oak Financial is 0.09 (i.e., Significant 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

Average diversification

The correlation between Catalystmillburn Dynamic Commo and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catalystmillburn Dynamic Commo and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Catalystmillburn Dynamic Commodity. 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 main economic indicators.

Moving together with Catalystmillburn Mutual Fund

0.86	CFHCX	Catalyst Hedged Modity	Pair Corr
0.87	CFHAX	Catalyst Hedged Modity	Pair Corr
0.85	CFHIX	Catalyst Hedged Modity	Pair Corr
0.62	ATRAX	Catalyst Intelligent	Pair Corr
0.66	CLTIX	Catalystlyons Tactical	Pair Corr
0.68	CLTCX	Catalyst/lyons Tactical	Pair Corr
0.61	CLTAX	Catalyst/lyons Tactical	Pair Corr
0.67	CPECX	Catalyst Dynamic Alpha	Pair Corr
0.64	CPEAX	Catalyst Dynamic Alpha	Pair Corr
0.64	CPEIX	Catalyst Dynamic Alpha	Pair Corr
1.0	DCXIX	Catalystmillburn Dyn	Pair Corr

Moving against Catalystmillburn Mutual Fund

0.77	CWXIX	Catalystwarrington	Pair Corr
0.77	CWXAX	Catalystwarrington	Pair Corr
0.58	CWXCX	Catalystwarrington	Pair Corr
0.47	CFRAX	Catalyst/princeton	Pair Corr
0.46	CFRIX	Catalyst/princeton	Pair Corr
0.46	CFRCX	Catalyst/princeton	Pair Corr
0.43	CFRFX	Catalyst/cifc Floating	Pair Corr
0.42	CLPAX	Catalyst Exceed Defined	Pair Corr
0.42	CLPFX	Catalyst Exceed Defined	Pair Corr

Related Correlations Analysis

	XFINX	FTIXX	ICFAX	VFAIX	BXSL	DVFYX	MSVIX	MCBXX
XFINX		0.0	-0.39	0.64	0.45	0.59	0.32	0.0	XFINX
FTIXX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	FTIXX
ICFAX	-0.39	0.0		-0.07	-0.64	0.22	0.6	0.0	ICFAX
VFAIX	0.64	0.0	-0.07		0.58	0.92	0.39	0.0	VFAIX
BXSL	0.45	0.0	-0.64	0.58		0.3	-0.37	0.0	BXSL
DVFYX	0.59	0.0	0.22	0.92	0.3		0.68	0.0	DVFYX
MSVIX	0.32	0.0	0.6	0.39	-0.37	0.68		0.0	MSVIX
MCBXX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MCBXX
	XFINX	FTIXX	ICFAX	VFAIX	BXSL	DVFYX	MSVIX	MCBXX

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

DVFYX	+ 0.92	VFAIX
MSVIX	+ 0.68	DVFYX
VFAIX	+ 0.64	XFINX
MSVIX	+ 0.6	ICFAX
DVFYX	+ 0.59	XFINX
BXSL	+ 0.58	VFAIX

High negative correlations

BXSL	- 0.64	ICFAX
ICFAX	- 0.39	XFINX
MSVIX	- 0.37	BXSL
VFAIX	- 0.07	ICFAX
MCBXX	- 0.0	MSVIX
MCBXX	- 0.0	DVFYX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
XFINX	0.12	0.00	0.02	(0.05)	0.21	(0.15)	0.21	(0.28)	1.14
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ICFAX	0.88	(0.17)	0.00	(0.47)	0.00	0.00	1.41	(2.10)	18.69
VFAIX	0.78	0.09	0.09	0.30	0.92	(0.84)	1.44	(1.49)	10.22
BXSL	0.74	0.13	0.14	0.41	0.85	(0.74)	1.43	(1.27)	4.08
DVFYX	0.75	0.03	0.04	0.09	1.02	(0.79)	1.34	(1.39)	9.40
MSVIX	0.84	(0.12)	0.00	(0.34)	0.00	0.00	1.64	(1.41)	15.10
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC