Catalyst/cifc Floating Correlations

Mutual Funds . USA . 
Fund . Catalystcifc Floating Rate
CFRFX Fund   9.20  0.01  0.11%   
The current 90-days correlation between Catalyst/cifc Floating and Catalystmillburn Hedge Strategy is 0.03 (i.e., Significant diversification). The correlation of Catalyst/cifc Floating 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/cifc Floating Correlation With Market

Good diversification

The correlation between Catalystcifc Floating Rate and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catalystcifc Floating Rate 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 Catalystcifc Floating Rate. 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 census.

Moving together with Catalyst/cifc Mutual Fund

  0.63HIICX Catalystsmh High IncomePairCorr
  0.83MLXAX Catalyst Mlp InfrastPairCorr
  0.83MLXIX Catalyst Mlp InfrastPairCorr
  0.72CFRIX Catalyst/princetonPairCorr
  1.0CFRCX Catalyst/princetonPairCorr
  0.99CFRAX Catalyst/princetonPairCorr
  0.76INSAX Catalyst Insider BuyingPairCorr
  0.77INSCX Catalyst Insider BuyingPairCorr
  0.76INSIX Catalyst Insider BuyingPairCorr
  0.71ATRFX Catalyst IntelligentPairCorr
  0.96ATRCX Catalyst IntelligentPairCorr
  0.71ATRAX Catalyst IntelligentPairCorr
  0.97SHIIX Catalystexceed DefinedPairCorr
  0.72SHIEX Catalystexceed DefinedPairCorr
  0.72SHINX Catalystexceed DefinedPairCorr
  0.97CLPCX Catalyst Exceed DefinedPairCorr
  0.71CLPAX Catalyst Exceed DefinedPairCorr
  0.97CLPFX Catalyst Exceed DefinedPairCorr
  0.97CLTIX Catalyst/lyons TacticalPairCorr
  0.74CLTCX Catalyst/lyons TacticalPairCorr
  0.74CLTAX Catalyst/lyons TacticalPairCorr
  0.96MBXAX Catalystmillburn HedgePairCorr
  0.96MBXFX Catalystmillburn HedgePairCorr
  0.96MBXCX Catalystmillburn HedgePairCorr
  0.96MBXIX Catalystmillburn HedgePairCorr
  0.7CPECX Catalyst Dynamic AlphaPairCorr
  0.7CPEAX Catalyst Dynamic AlphaPairCorr
  0.7CPEIX Catalyst Dynamic AlphaPairCorr
  0.87TRIIX Catalystsmh Total ReturnPairCorr
  0.86TRIFX Catalystsmh Total ReturnPairCorr
  0.72TRXCX Catalystmap GlobalPairCorr
  0.71TRXIX Catalyst/map GlobalPairCorr

Moving against Catalyst/cifc Mutual Fund

  0.95CWXCX CatalystwarringtonPairCorr
  0.91CWXIX CatalystwarringtonPairCorr
  0.91CWXAX CatalystwarringtonPairCorr
  0.34EIXCX Catalyst Enhanced IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Catalyst/cifc Mutual Fund performing well and Catalyst/cifc Floating 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/cifc Floating'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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