Catalyst/aspect Enhanced Correlations

CASIX Fund

USD 9.14 0.06 0.66%

The correlation of Catalyst/aspect Enhanced 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/aspect Enhanced Correlation With Market

Poor diversification

The correlation between Catalystaspect Enhanced Multi and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catalystaspect Enhanced Multi and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Catalystaspect Enhanced Multi Asset. 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 gross domestic product.

Moving together with Catalyst/aspect Mutual Fund

0.97	HIICX	Catalystsmh High Income	Pair Corr
0.96	HIIFX	Catalystsmh High Income	Pair Corr
0.65	HIIIX	Catalystsmh High Income	Pair Corr
0.96	CFRIX	Catalyst/princeton	Pair Corr
0.96	CFRFX	Catalyst/cifc Floating	Pair Corr
0.96	CFRCX	Catalyst/princeton	Pair Corr
0.72	CFRAX	Catalyst/princeton	Pair Corr
0.95	INSAX	Catalyst Insider Buying	Pair Corr
0.96	INSCX	Catalyst Insider Buying	Pair Corr
0.96	INSIX	Catalyst Insider Buying	Pair Corr
0.95	ATRFX	Catalyst Intelligent	Pair Corr
0.96	ATRCX	Catalyst Intelligent	Pair Corr
0.95	ATRAX	Catalyst Intelligent	Pair Corr
0.73	SHIIX	Catalystexceed Defined	Pair Corr
0.96	SHIEX	Catalystexceed Defined	Pair Corr
0.96	SHINX	Catalystexceed Defined	Pair Corr
0.96	CLPCX	Catalyst Exceed Defined	Pair Corr
0.71	CLPAX	Catalyst Exceed Defined	Pair Corr
0.71	CLPFX	Catalyst Exceed Defined	Pair Corr
0.96	CLTIX	Catalyst/lyons Tactical	Pair Corr
0.95	CLTCX	Catalyst/lyons Tactical	Pair Corr
0.97	MBXAX	Catalystmillburn Hedge	Pair Corr
0.61	MBXFX	Catalystmillburn Hedge	Pair Corr
0.61	MBXCX	Catalystmillburn Hedge	Pair Corr
0.61	MBXIX	Catalystmillburn Hedge	Pair Corr
0.7	CPECX	Catalyst Dynamic Alpha	Pair Corr
0.7	CPEAX	Catalyst Dynamic Alpha	Pair Corr
0.92	TRIIX	Catalystsmh Total Return	Pair Corr
0.92	TRIFX	Catalystsmh Total Return	Pair Corr
0.97	TRXCX	Catalystmap Global	Pair Corr
0.97	TRXAX	Catalystmap Global	Pair Corr
0.97	TRXIX	Catalyst/map Global	Pair Corr

Moving against Catalyst/aspect Mutual Fund

0.69	CWXIX	Catalystwarrington	Pair Corr
0.68	CWXCX	Catalystwarrington	Pair Corr
0.59	CWXAX	Catalystwarrington	Pair Corr

Related Correlations Analysis

	HIICX	HIIFX	HIIIX	MLXCX	MLXAX	MLXIX	CWXIX	CWXCX	CWXAX	CFRIX
HIICX		1.0	0.73	0.62	0.62	0.54	-0.74	-0.73	-0.65	0.94	HIICX
HIIFX	1.0		0.73	0.62	0.62	0.54	-0.74	-0.73	-0.65	0.93	HIIFX
HIIIX	0.73	0.73		0.93	0.93	0.79	-0.94	-0.95	-0.92	0.61	HIIIX
MLXCX	0.62	0.62	0.93		0.99	0.77	-0.83	-0.87	-0.85	0.5	MLXCX
MLXAX	0.62	0.62	0.93	0.99		0.78	-0.83	-0.86	-0.84	0.5	MLXAX
MLXIX	0.54	0.54	0.79	0.77	0.78		-0.67	-0.69	-0.67	0.39	MLXIX
CWXIX	-0.74	-0.74	-0.94	-0.83	-0.83	-0.67		0.93	0.88	-0.63	CWXIX
CWXCX	-0.73	-0.73	-0.95	-0.87	-0.86	-0.69	0.93		0.94	-0.65	CWXCX
CWXAX	-0.65	-0.65	-0.92	-0.85	-0.84	-0.67	0.88	0.94		-0.56	CWXAX
CFRIX	0.94	0.93	0.61	0.5	0.5	0.39	-0.63	-0.65	-0.56		CFRIX
	HIICX	HIIFX	HIIIX	MLXCX	MLXAX	MLXIX	CWXIX	CWXCX	CWXAX	CFRIX

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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

HIIFX	+ 1.0	HIICX
MLXAX	+ 0.99	MLXCX
CFRIX	+ 0.94	HIICX
CWXAX	+ 0.94	CWXCX
CFRIX	+ 0.93	HIIFX
MLXCX	+ 0.93	HIIIX

High negative correlations

CWXCX	- 0.95	HIIIX
CWXIX	- 0.94	HIIIX
CWXAX	- 0.92	HIIIX
CWXCX	- 0.87	MLXCX
CWXCX	- 0.86	MLXAX
CWXAX	- 0.85	MLXCX

Risk-Adjusted Indicators

There is a big difference between Catalyst/aspect Mutual Fund performing well and Catalyst/aspect Enhanced 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/aspect Enhanced'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
HIICX	0.39	0.17	0.08	(7.01)	0.00	(0.56)	0.89	(0.56)	2.03
HIIFX	0.40	0.17	0.08	(99.27)	0.00	(0.58)	0.87	(0.55)	2.03
HIIIX	0.41	0.18	0.11	8.51	0.00	(0.59)	0.89	(0.57)	2.04
MLXCX	0.99	0.22	0.06	(1.65)	1.01	(1.12)	2.23	(1.84)	4.88
MLXAX	0.96	0.19	0.06	1.64	0.97	(1.12)	2.23	(1.84)	4.84
MLXIX	1.00	0.18	0.06	1.13	1.03	(1.10)	2.25	(1.83)	4.90
CWXIX	0.02	(0.02)	0.00	(1.39)	0.00	0.00	0.00	(0.11)	0.21
CWXCX	0.03	(0.02)	0.00	(1.74)	0.00	0.00	0.00	(0.12)	0.23
CWXAX	0.02	(0.02)	0.00	(1.21)	0.00	0.00	0.00	(0.11)	0.22
CFRIX	0.10	0.05	(0.64)	(6.47)	0.00	(0.20)	0.44	(0.11)	0.67

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