Catalyst/smh High Correlations

HIIFX Fund

USD 3.68 0.04 1.10%

The current 90-days correlation between Catalystsmh High Income and Nexpoint Real Estate is -0.07 (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

Poor diversification

The correlation between Catalystsmh High Income and DJI is 0.6 (i.e., Poor 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 census.

Moving together with Catalyst/smh Mutual Fund

0.99	HIIIX	Catalystsmh High Income	Pair Corr
0.64	INSAX	Catalyst Insider Buying	Pair Corr
0.63	INSCX	Catalyst Insider Buying	Pair Corr
0.7	INSIX	Catalyst Insider Buying	Pair Corr
0.63	ATRFX	Catalyst Intelligent	Pair Corr
0.66	ATRCX	Catalyst Intelligent	Pair Corr
0.63	ATRAX	Catalyst Intelligent	Pair Corr
0.84	SHIIX	Catalyst/exceed Defined	Pair Corr
0.84	SHIEX	Catalyst/exceed Defined	Pair Corr
0.88	SHINX	Catalyst/exceed Defined	Pair Corr
0.74	CLPCX	Catalyst Exceed Defined	Pair Corr
0.74	CLPFX	Catalyst Exceed Defined	Pair Corr
0.87	CLTIX	Catalyst/lyons Tactical	Pair Corr
0.83	CLTCX	Catalyst/lyons Tactical	Pair Corr
0.84	CLTAX	Catalyst/lyons Tactical	Pair Corr
0.63	CPEAX	Catalyst Dynamic Alpha	Pair Corr
0.94	TRIIX	Catalystsmh Total Return	Pair Corr
0.94	TRIFX	Catalystsmh Total Return	Pair Corr
0.93	TRICX	Catalystsmh Total Return	Pair Corr

Moving against Catalyst/smh Mutual Fund

0.6	CWXAX	Catalyst/warrington	Pair Corr
0.57	CWXIX	Catalyst/warrington	Pair Corr
0.6	EIXCX	Catalyst Enhanced Income	Pair Corr
0.56	EIXIX	Catalyst Enhanced Income	Pair Corr
0.55	EIXAX	Catalyst Enhanced Income	Pair Corr

Related Correlations Analysis

	NRSCX	RRSCX	DFREX	VGSIX	FREAX	SEIRX	FORFX	NMMRF
NRSCX		0.0	0.35	0.31	0.22	0.3	0.67	0.87	NRSCX
RRSCX	0.0		0.76	0.73	0.74	0.71	0.43	0.01	RRSCX
DFREX	0.35	0.76		0.99	0.98	0.99	0.72	0.41	DFREX
VGSIX	0.31	0.73	0.99		0.98	0.99	0.72	0.37	VGSIX
FREAX	0.22	0.74	0.98	0.98		0.99	0.61	0.28	FREAX
SEIRX	0.3	0.71	0.99	0.99	0.99		0.66	0.36	SEIRX
FORFX	0.67	0.43	0.72	0.72	0.61	0.66		0.75	FORFX
NMMRF	0.87	0.01	0.41	0.37	0.28	0.36	0.75		NMMRF
	NRSCX	RRSCX	DFREX	VGSIX	FREAX	SEIRX	FORFX	NMMRF

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

VGSIX	+ 0.99	DFREX
SEIRX	+ 0.99	DFREX
SEIRX	+ 0.99	VGSIX
SEIRX	+ 0.99	FREAX
FREAX	+ 0.98	DFREX
FREAX	+ 0.98	VGSIX

High negative correlations

RRSCX

- 0.0

NRSCX

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
NRSCX	0.18	0.01	0.02	(0.52)	0.21	(0.19)	0.31	(0.37)	1.00
RRSCX	0.77	(0.04)	0.00	(0.05)	0.00	0.00	1.56	(1.56)	4.16
DFREX	0.85	0.00	0.00	(0.01)	1.08	(0.88)	1.79	(1.87)	4.48
VGSIX	0.88	0.03	0.03	(0.16)	1.09	(0.86)	1.78	(1.97)	4.57
FREAX	0.85	0.01	0.00	(0.04)	1.06	(0.88)	1.72	(1.85)	4.55
SEIRX	0.89	0.02	0.01	(0.07)	1.08	(0.93)	1.69	(1.81)	4.42
FORFX	0.05	0.02	0.00	10.90	0.00	0.00	0.11	0.00	0.31
NMMRF	0.08	0.03	0.00	0.16	0.00	0.00	0.00	0.00	2.35

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