Catalyst/smh High Correlations

Mutual Funds . USA . 
Fund . Catalystsmh High Income
HIIFX Fund  USD 4.11  0.01  0.24%   
The current 90-days correlation between Catalystsmh High Income and Rbc Bluebay Global is 0.53 (i.e., Very weak 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

Average diversification

The correlation between Catalystsmh High Income and DJI is 0.19 (i.e., Average 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

  0.92HIICX Catalystsmh High IncomePairCorr
  0.92HIIIX Catalystsmh High IncomePairCorr
  0.85CWXIX Catalyst/warringtonPairCorr
  0.84CWXCX Catalyst/warringtonPairCorr
  0.87CWXAX Catalyst/warringtonPairCorr
  0.79ATRFX Catalyst IntelligentPairCorr
  0.78ATRCX Catalyst IntelligentPairCorr
  0.81ATRAX Catalyst IntelligentPairCorr
  0.71SHIIX Catalyst/exceed DefinedPairCorr
  0.75SHIEX Catalyst/exceed DefinedPairCorr
  0.76SHINX Catalyst/exceed DefinedPairCorr
  0.69CLTIX Catalyst/lyons TacticalPairCorr
  0.64CLTCX Catalyst/lyons TacticalPairCorr
  0.67CLTAX Catalyst/lyons TacticalPairCorr
  0.89MBXAX Catalystmillburn HedgePairCorr
  0.88MBXFX Catalystmillburn HedgePairCorr
  0.88MBXCX Catalystmillburn HedgePairCorr
  0.88MBXIX Catalystmillburn HedgePairCorr
  0.65CPECX Catalyst Dynamic AlphaPairCorr
  0.68CPEAX Catalyst Dynamic AlphaPairCorr
  0.78CPEIX Catalyst Dynamic AlphaPairCorr
  0.79TRIIX Catalystsmh Total ReturnPairCorr
  0.83TRIFX Catalystsmh Total ReturnPairCorr
  0.77TRICX Catalystsmh Total ReturnPairCorr
  0.76TRXCX Catalyst/map GlobalPairCorr
  0.73TRXAX Catalyst/map GlobalPairCorr

Moving against Catalyst/smh Mutual Fund

  0.47EIXCX Catalyst Enhanced IncomePairCorr
  0.47EIXAX Catalyst Enhanced IncomePairCorr
  0.47EIXIX Catalyst Enhanced IncomePairCorr

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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