Catalyst/smh High Correlations

HIIIX Fund

USD 4.00 0.01 0.25%

The current 90-days correlation between Catalystsmh High Income and Rockefeller New York is 0.27 (i.e., Modest 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

Poor diversification

The correlation between Catalystsmh High Income and DJI is 0.61 (i.e., Poor 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 gross domestic product.

Moving together with CATALYST/SMH Mutual Fund

1.0	HIICX	Catalystsmh High Income	Pair Corr
0.98	HIIFX	Catalystsmh High Income	Pair Corr
0.83	ATRFX	Catalyst Intelligent	Pair Corr
0.82	ATRCX	Catalyst Intelligent	Pair Corr
0.84	ATRAX	Catalyst Intelligent	Pair Corr
0.9	SHIIX	Catalyst/exceed Defined	Pair Corr
0.88	SHIEX	Catalystexceed Defined	Pair Corr
0.89	SHINX	Catalyst/exceed Defined	Pair Corr
0.85	CLPCX	Catalyst Exceed Defined	Pair Corr
0.81	CLPAX	Catalyst Exceed Defined	Pair Corr
0.81	CLPFX	Catalyst Exceed Defined	Pair Corr
0.83	CLTIX	Catalyst/lyons Tactical	Pair Corr
0.79	CLTCX	Catalyst/lyons Tactical	Pair Corr
0.8	CLTAX	Catalyst/lyons Tactical	Pair Corr
0.74	MBXAX	Catalystmillburn Hedge	Pair Corr
0.72	MBXFX	Catalystmillburn Hedge Potential Growth	Pair Corr
0.72	MBXCX	Catalystmillburn Hedge Potential Growth	Pair Corr
0.75	MBXIX	Catalystmillburn Hedge	Pair Corr
0.88	CPECX	Catalyst Dynamic Alpha	Pair Corr
0.89	CPEAX	Catalyst Dynamic Alpha	Pair Corr
0.89	CPEIX	Catalyst Dynamic Alpha	Pair Corr
0.62	TRIFX	Catalystsmh Total Return	Pair Corr
0.8	TRXCX	Catalyst/map Global	Pair Corr
0.78	TRXAX	Catalystmap Global	Pair Corr

Moving against CATALYST/SMH Mutual Fund

0.7	MLXCX	Catalyst Mlp Infrast	Pair Corr
0.69	MLXIX	Catalyst Mlp Infrast	Pair Corr
0.67	MLXAX	Catalyst Mlp Infrast	Pair Corr

Related Correlations Analysis

	RMNY	RYHIX	EQCHX	GOPIX	KMDNX	MJSC	RYEIX	BHV	JMCGX	GIGRX
RMNY		0.75	0.88	0.9	0.89	0.0	0.59	0.94	0.84	0.84	RMNY
RYHIX	0.75		0.76	0.84	0.92	0.0	0.49	0.82	0.63	0.81	RYHIX
EQCHX	0.88	0.76		0.88	0.82	0.0	0.62	0.82	0.85	0.93	EQCHX
GOPIX	0.9	0.84	0.88		0.95	0.0	0.5	0.93	0.77	0.86	GOPIX
KMDNX	0.89	0.92	0.82	0.95		0.0	0.61	0.94	0.7	0.8	KMDNX
MJSC	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	MJSC
RYEIX	0.59	0.49	0.62	0.5	0.61	0.0		0.59	0.54	0.43	RYEIX
BHV	0.94	0.82	0.82	0.93	0.94	0.0	0.59		0.8	0.8	BHV
JMCGX	0.84	0.63	0.85	0.77	0.7	0.0	0.54	0.8		0.85	JMCGX
GIGRX	0.84	0.81	0.93	0.86	0.8	0.0	0.43	0.8	0.85		GIGRX
	RMNY	RYHIX	EQCHX	GOPIX	KMDNX	MJSC	RYEIX	BHV	JMCGX	GIGRX

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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

KMDNX	+ 0.95	GOPIX
BHV	+ 0.94	RMNY
BHV	+ 0.94	KMDNX
GIGRX	+ 0.93	EQCHX
BHV	+ 0.93	GOPIX
KMDNX	+ 0.92	RYHIX

High negative correlations

GIGRX	- 0.0	MJSC
JMCGX	- 0.0	MJSC
BHV	- 0.0	MJSC
RYEIX	- 0.0	MJSC
MJSC	- 0.0	KMDNX
MJSC	- 0.0	GOPIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RMNY	0.17	0.06	0.14	0.83	0.00	(0.21)	0.47	(0.24)	1.41
RYHIX	0.59	0.12	0.14	0.20	0.57	(0.65)	1.91	(1.38)	4.04
EQCHX	0.78	0.07	0.05	0.10	1.08	(0.79)	1.77	(1.85)	5.03
GOPIX	0.63	0.18	0.16	1.63	0.43	(0.80)	1.86	(1.41)	4.22
KMDNX	0.03	0.01	0.00	(1.00)	0.00	0.00	0.10	0.00	0.20
MJSC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RYEIX	0.87	0.11	0.07	0.19	1.10	(0.83)	1.76	(1.65)	6.56
BHV	0.64	0.20	0.23	1.28	0.31	(0.92)	2.10	(1.16)	6.32
JMCGX	1.31	0.06	0.05	0.07	1.41	(1.48)	2.76	(2.31)	8.14
GIGRX	0.68	0.00	(0.01)	0.03	0.87	(0.65)	1.18	(1.26)	3.99

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