Catalyst Media Correlations

CMX Stock

47.50 0.00 0.00%

The current 90-days correlation between Catalyst Media Group and Mineral Financial Investments is 0.04 (i.e., Significant diversification). The correlation of Catalyst Media 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.

Catalyst Media Correlation With Market

Significant diversification

The correlation between Catalyst Media Group and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catalyst Media Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Catalyst Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Catalyst Media when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Catalyst Media - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Catalyst Media Group to buy it.

Moving against Catalyst Stock

0.87	SMSN	Samsung Electronics	Pair Corr
0.87	BC94	Samsung Electronics	Pair Corr
0.86	SMSN	Samsung Electronics	Pair Corr
0.85	SMSD	Samsung Electronics	Pair Corr
0.81	AXB	Axis Bank	Pair Corr
0.81	SPLT	iShares Physical Platinum	Pair Corr
0.77	NXT	Next PLC	Pair Corr
0.76	FDEV	Frontier Developments Plc	Pair Corr
0.75	0R15	SoftBank Group Corp	Pair Corr
0.74	SBID	State Bank	Pair Corr
0.7	TYT	Toyota Motor Corp	Pair Corr
0.68	0K34	Monster Beverage Corp	Pair Corr
0.65	MNG	MG Plc	Pair Corr
0.64	RSG	Resolute Mining	Pair Corr
0.64	0N9Z	EVS Broadcast Equipment	Pair Corr
0.6	IHG	InterContinental Hotels	Pair Corr
0.6	ELLA	Ecclesiastical Insurance	Pair Corr
0.59	RIGD	Reliance Industries	Pair Corr
0.56	0QZK	Coca Cola	Pair Corr
0.52	0L4F	Sealed Air Corp	Pair Corr
0.4	GAW	Games Workshop Group	Pair Corr
0.38	0QHX	Odfjell Drilling	Pair Corr
0.83	AEO	Aeorema Communications	Pair Corr
0.83	0R2T	Micron Technology	Pair Corr
0.81	AXB	Axis Bank	Pair Corr
0.78	CWR	Ceres Power Holdings	Pair Corr
0.76	0HRR	CVR Energy	Pair Corr
0.76	CRE	Conduit Holdings	Pair Corr
0.74	0K87	NiSource	Pair Corr
0.73	0QT5	Gaztransport et Technigaz	Pair Corr
0.72	CRTM	Critical Metals Plc	Pair Corr
0.71	PSN	Persimmon PLC	Pair Corr
0.71	FSTA	Fuller Smith Turner	Pair Corr

Related Correlations Analysis

	0R2T	TMIP	MAFL	0FQR	ADIG	0Y9S	FCIT
0R2T		0.86	0.63	0.05	0.66	-0.24	0.88	0R2T
TMIP	0.86		0.45	0.02	0.77	-0.39	0.69	TMIP
MAFL	0.63	0.45		-0.05	0.34	-0.17	0.56	MAFL
0FQR	0.05	0.02	-0.05		0.34	0.25	0.17	0FQR
ADIG	0.66	0.77	0.34	0.34		-0.16	0.65	ADIG
0Y9S	-0.24	-0.39	-0.17	0.25	-0.16		-0.03	0Y9S
FCIT	0.88	0.69	0.56	0.17	0.65	-0.03		FCIT
	0R2T	TMIP	MAFL	0FQR	ADIG	0Y9S	FCIT

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

FCIT	+ 0.88	0R2T
TMIP	+ 0.86	0R2T
ADIG	+ 0.77	TMIP
FCIT	+ 0.69	TMIP
ADIG	+ 0.66	0R2T
FCIT	+ 0.65	ADIG

High negative correlations

0Y9S	- 0.39	TMIP
0Y9S	- 0.24	0R2T
0Y9S	- 0.17	MAFL
0Y9S	- 0.16	ADIG
0FQR	- 0.05	MAFL
FCIT	- 0.03	0Y9S

Risk-Adjusted Indicators

There is a big difference between Catalyst Stock performing well and Catalyst Media Company 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 Media'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
0R2T	3.40	0.89	0.26	0.78	2.96	(4.03)	8.78	(4.50)	18.86
TMIP	1.07	0.10	0.02	0.82	1.35	(1.16)	2.24	(2.32)	8.11
MAFL	2.26	0.42	0.13	1.66	1.81	(4.37)	6.67	(4.35)	14.79
0FQR	0.27	(0.02)	0.00	(0.47)	0.00	0.00	0.51	(0.77)	2.44
ADIG	0.94	0.06	0.00	0.47	1.04	(1.19)	2.04	(1.46)	6.22
0Y9S	1.14	0.00	(0.01)	0.07	1.26	(1.24)	2.28	(2.04)	8.85
FCIT	0.60	0.07	0.04	0.25	0.67	(0.64)	1.06	(1.39)	4.07

Be your own money manager

Our tools can tell you how much better you can do entering a position in Catalyst Media without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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