Catalyst/smh High Correlations

HIICX Fund

USD 3.69 0.04 1.10%

The current 90-days correlation between Catalystsmh High Income and Guidemark Large Cap is -0.1 (i.e., Good diversification). The correlation of Catalyst/smh High 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/smh High Correlation With Market

Good diversification

The correlation between Catalystsmh High Income and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catalystsmh High Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Catalystsmh High Income. 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 Catalyst/smh Mutual Fund

0.99	HIIFX	Catalystsmh High Income	Pair Corr
0.98	HIIIX	Catalystsmh High Income	Pair Corr
0.68	INSAX	Catalyst Insider Buying	Pair Corr
0.67	INSCX	Catalyst Insider Buying	Pair Corr
0.68	INSIX	Catalyst Insider Buying	Pair Corr
0.69	ATRFX	Catalyst Intelligent	Pair Corr
0.68	ATRCX	Catalyst Intelligent	Pair Corr
0.68	ATRAX	Catalyst Intelligent	Pair Corr
0.91	SHIIX	Catalyst/exceed Defined	Pair Corr
0.91	SHIEX	Catalyst/exceed Defined	Pair Corr
0.9	SHINX	Catalyst/exceed Defined	Pair Corr
0.79	CLPCX	Catalyst Exceed Defined	Pair Corr
0.8	CLPAX	Catalyst Exceed Defined	Pair Corr
0.8	CLPFX	Catalyst Exceed Defined	Pair Corr
0.89	CLTIX	Catalyst/lyons Tactical	Pair Corr
0.88	CLTCX	Catalyst/lyons Tactical	Pair Corr
0.89	CLTAX	Catalyst/lyons Tactical	Pair Corr
0.63	CPECX	Catalyst Dynamic Alpha	Pair Corr
0.63	CPEAX	Catalyst Dynamic Alpha	Pair Corr
0.63	CPEIX	Catalyst Dynamic Alpha	Pair Corr
0.97	TRIIX	Catalystsmh Total Return	Pair Corr
0.96	TRIFX	Catalystsmh Total Return	Pair Corr
0.96	TRICX	Catalystsmh Total Return	Pair Corr

Moving against Catalyst/smh Mutual Fund

0.64	CWXAX	Catalyst/warrington	Pair Corr
0.61	CWXIX	Catalyst/warrington	Pair Corr
0.6	EIXCX	Catalyst Enhanced Income	Pair Corr
0.58	EIXAX	Catalyst Enhanced Income	Pair Corr
0.57	EIXIX	Catalyst Enhanced Income	Pair Corr

Related Correlations Analysis

	GMLVX	ANVIX	PCLVX	TALCX	PAFDX	PCPAX	SMVLX
GMLVX		0.06	0.68	0.21	0.57	0.73	-0.33	GMLVX
ANVIX	0.06		0.59	0.89	0.74	0.51	0.82	ANVIX
PCLVX	0.68	0.59		0.62	0.97	0.87	0.14	PCLVX
TALCX	0.21	0.89	0.62		0.74	0.71	0.71	TALCX
PAFDX	0.57	0.74	0.97	0.74		0.85	0.32	PAFDX
PCPAX	0.73	0.51	0.87	0.71	0.85		0.13	PCPAX
SMVLX	-0.33	0.82	0.14	0.71	0.32	0.13		SMVLX
	GMLVX	ANVIX	PCLVX	TALCX	PAFDX	PCPAX	SMVLX

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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

PAFDX	+ 0.97	PCLVX
TALCX	+ 0.89	ANVIX
PCPAX	+ 0.87	PCLVX
PCPAX	+ 0.85	PAFDX
SMVLX	+ 0.82	ANVIX
PAFDX	+ 0.74	ANVIX

High negative correlations

SMVLX

- 0.33

GMLVX

Risk-Adjusted Indicators

There is a big difference between Catalyst/smh Mutual Fund performing well and Catalyst/smh High 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/smh High'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
GMLVX	0.72	0.04	0.04	0.11	0.92	(0.77)	1.57	(1.62)	5.51
ANVIX	0.67	(0.03)	0.00	0.35	0.00	0.00	1.27	(1.56)	3.29
PCLVX	0.60	0.07	0.10	(1.01)	0.60	(0.69)	1.25	(1.33)	3.17
TALCX	0.61	0.00	0.00	0.01	0.76	(0.67)	1.36	(1.14)	3.68
PAFDX	0.60	0.05	0.07	(0.95)	0.63	(0.67)	1.24	(1.15)	3.38
PCPAX	0.58	0.07	0.10	0.10	0.58	(0.71)	1.23	(1.11)	3.20
SMVLX	0.77	(0.05)	0.00	0.84	0.00	0.00	1.54	(1.85)	3.48

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