Catalystmap Global Correlations

Mutual Funds . USA . 
Fund . Catalystmap Global Equity
CAXAX Fund  USD 19.22  0.03  0.16%   
The current 90-days correlation between Catalystmap Global Equity and Dreyfus Large Cap is 0.68 (i.e., Poor diversification). The correlation of Catalystmap Global 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.

Catalystmap Global Correlation With Market

Poor diversification

The correlation between Catalystmap Global Equity and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catalystmap Global Equity 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 Catalystmap Global Equity. 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 nation.

Moving together with Catalystmap Mutual Fund

  0.98SHIIX Catalystexceed DefinedPairCorr
  0.71SHINX Catalystexceed DefinedPairCorr
  0.97CLPCX Catalyst Exceed DefinedPairCorr
  0.97CLPAX Catalyst Exceed DefinedPairCorr
  0.97CLPFX Catalyst Exceed DefinedPairCorr
  0.71CLTAX Catalyst/lyons TacticalPairCorr
  0.96MBXAX Catalystmillburn HedgePairCorr
  0.96MBXIX Catalystmillburn HedgePairCorr
  0.99TEDRX Franklin Mutual GlobalPairCorr
  0.99FMDRX Franklin Mutual GlobalPairCorr
  0.75DOXWX Dodge Cox GlobalPairCorr
  0.99DODWX Dodge Global StockPairCorr
  0.96TRZRX T Rowe PricePairCorr
  0.99TEDIX Franklin Mutual GlobalPairCorr
  0.78MDISX Franklin Mutual GlobalPairCorr
  0.99TEDSX Franklin Mutual GlobalPairCorr
  0.96PRAFX T Rowe PricePairCorr
  0.99BEGRX Franklin Mutual BeaconPairCorr
  0.94CPAYX Columbia Pacific/asiaPairCorr
  0.97CASAX Columbia Pacific/asiaPairCorr
  0.97CASCX Columbia PacificasiaPairCorr
  0.98MSKLX Mid Cap GrowthPairCorr
  0.98CISGX Touchstone Sands CapitalPairCorr
  0.98MPEGX Mid Cap GrowthPairCorr
  0.99BLARX Lord Abbett BalancedPairCorr
  0.83LSIIX Loomis Sayles InvestmentPairCorr
  0.73STMUX Invesco Short TermPairCorr
  0.99FLCNX Fidelity ContrafundPairCorr
  0.98PGBEX Blue Chip FundPairCorr
  0.96DHLTX Diamond Hill AllPairCorr
  0.98BEQAX Equity GrowthPairCorr
  0.98ATECX Ab Sustainable GlobalPairCorr
  0.97PNRZX Pgim Jennison NaturalPairCorr

Moving against Catalystmap Mutual Fund

  0.93CWXAX CatalystwarringtonPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Catalystmap Mutual Fund performing well and Catalystmap Global 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 Catalystmap Global'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.

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
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY