Catalyst/smh High Correlations

Mutual Funds . USA . 
Fund . Catalystsmh High Income
HIIFX Fund  USD 4.05  0.02  0.49%   
The current 90-days correlation between Catalystsmh High Income and Ishares Municipal Bond is 0.11 (i.e., Average 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 -0.11 (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 price.

Moving together with Catalyst/smh Mutual Fund

  1.0HIICX Catalystsmh High IncomePairCorr
  0.99HIIIX Catalystsmh High IncomePairCorr
  0.64CFRIX Catalyst/princetonPairCorr
  0.67CFRAX Catalyst/princetonPairCorr
  0.93ATRFX Catalyst IntelligentPairCorr
  0.92ATRCX Catalyst IntelligentPairCorr
  0.93ATRAX Catalyst IntelligentPairCorr
  0.94SHIIX Catalyst/exceed DefinedPairCorr
  0.94SHIEX Catalystexceed DefinedPairCorr
  0.91SHINX Catalyst/exceed DefinedPairCorr
  0.81CLPCX Catalyst Exceed DefinedPairCorr
  0.81CLPAX Catalyst Exceed DefinedPairCorr
  0.82CLPFX Catalyst Exceed DefinedPairCorr
  0.84CLTIX Catalyst/lyons TacticalPairCorr
  0.83MBXAX Catalystmillburn HedgePairCorr
  0.81MBXFX Catalystmillburn HedgePairCorr
  0.81MBXCX Catalystmillburn HedgePairCorr
  0.83MBXIX Catalystmillburn HedgePairCorr
  0.93CPEAX Catalyst Dynamic AlphaPairCorr
  0.93CPEIX Catalyst Dynamic AlphaPairCorr
  0.78TRIIX Catalystsmh Total ReturnPairCorr
  0.78TRIFX Catalystsmh Total ReturnPairCorr
  0.86TRXCX Catalyst/map GlobalPairCorr
  0.88TRXAX Catalystmap GlobalPairCorr
  0.88TRXIX Catalyst/map GlobalPairCorr
  0.88CAXIX Catalystmap Global EquityPairCorr
  0.8IIXCX Catalyst Insider IncomePairCorr
  0.87IIXIX Catalyst Insider IncomePairCorr
  0.89VWEAX Vanguard High YieldPairCorr
  0.9VWEHX Vanguard High YieldPairCorr
  0.86BHYCX Blackrock Hi YldPairCorr
  0.86BHYIX Blackrock High YieldPairCorr
  0.87BHYSX Blackrock Hi YldPairCorr

Moving against Catalyst/smh Mutual Fund

  0.73MLXCX Catalyst Mlp InfrastPairCorr
  0.72MLXIX Catalyst Mlp InfrastPairCorr
  0.31CWXIX Catalyst/warringtonPairCorr

Related Correlations Analysis


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.

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