Catalystsmh High Correlations

HIICX Fund

USD 4.08 0.02 0.49%

The current 90-days correlation between Catalystsmh High Income and Morningstar Global Income is 0.42 (i.e., Very weak diversification). The correlation of Catalystsmh 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.

Catalystsmh High Correlation With Market

Very weak diversification

The correlation between Catalystsmh High Income and DJI is 0.57 (i.e., Very weak 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 private.

Moving together with Catalystsmh Mutual Fund

0.7	HIIFX	Catalystsmh High Income	Pair Corr
0.76	HIIIX	Catalystsmh High Income	Pair Corr
0.65	CPEIX	Catalyst Dynamic Alpha	Pair Corr

Related Correlations Analysis

	MSTGX	OPTCX	SGICX	GMLVX	LMUSX	LFLCX	PBLIX
MSTGX		0.79	0.76	0.36	0.68	0.67	0.68	MSTGX
OPTCX	0.79		0.77	0.59	0.91	0.78	0.87	OPTCX
SGICX	0.76	0.77		0.42	0.69	0.61	0.68	SGICX
GMLVX	0.36	0.59	0.42		0.77	0.5	0.84	GMLVX
LMUSX	0.68	0.91	0.69	0.77		0.75	0.95	LMUSX
LFLCX	0.67	0.78	0.61	0.5	0.75		0.68	LFLCX
PBLIX	0.68	0.87	0.68	0.84	0.95	0.68		PBLIX
	MSTGX	OPTCX	SGICX	GMLVX	LMUSX	LFLCX	PBLIX

Risk-Adjusted Indicators

There is a big difference between Catalystsmh Mutual Fund performing well and Catalystsmh 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 Catalystsmh 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
MSTGX	0.23	(0.02)	(0.22)	0.00	0.22	(0.30)	0.41	(0.41)	1.02
OPTCX	0.17	0.00	(0.25)	0.06	0.10	(0.22)	0.40	(0.30)	0.91
SGICX	0.44	(0.03)	(0.08)	0.02	0.57	(0.46)	0.87	(1.04)	2.88
GMLVX	0.65	0.00	(0.02)	0.07	0.79	(0.75)	1.35	(1.05)	4.38
LMUSX	0.55	0.00	(0.01)	0.07	0.81	(0.50)	1.25	(1.38)	3.38
LFLCX	0.14	0.01	(0.29)	0.41	0.08	(0.16)	0.32	(0.32)	0.75
PBLIX	0.49	(0.01)	(0.03)	0.06	0.70	(0.49)	1.02	(1.11)	2.86

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Catalystsmh High Correlations

Catalystsmh High Correlation With Market

Very weak diversification

Moving together with Catalystsmh Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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