Catalystwarrington Correlations

Mutual Funds . USA . 
Fund . Catalystwarrington Strategic Program
CWXCX Fund  USD 8.61  0.01  0.12%   
The current 90-days correlation between Catalystwarrington and Catalystsmh High Income is -0.23 (i.e., Very good diversification). The correlation of Catalystwarrington 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.

Catalystwarrington Correlation With Market

Average diversification

The correlation between Catalystwarrington Strategic P and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catalystwarrington Strategic P 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 Catalystwarrington Strategic Program. 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 main economic indicators.

Moving together with Catalystwarrington Mutual Fund

  0.94CWXIX CatalystwarringtonPairCorr
  0.95CWXAX CatalystwarringtonPairCorr

Moving against Catalystwarrington Mutual Fund

  0.96HIICX Catalystsmh High IncomePairCorr
  0.96HIIFX Catalystsmh High IncomePairCorr
  0.96SHIEX Catalystexceed DefinedPairCorr
  0.95HIIIX Catalystsmh High IncomePairCorr
  0.95CFRIX Catalyst/princetonPairCorr
  0.95CFRFX Catalyst/cifc FloatingPairCorr
  0.95CFRCX Catalyst/princetonPairCorr
  0.95CFRAX Catalyst/princetonPairCorr
  0.95SHINX Catalystexceed DefinedPairCorr
  0.94INSAX Catalyst Insider BuyingPairCorr
  0.94SHIIX Catalystexceed DefinedPairCorr
  0.94CLPAX Catalyst Exceed DefinedPairCorr
  0.94MBXAX Catalystmillburn HedgePairCorr
  0.93ATRFX Catalyst IntelligentPairCorr
  0.93CLPCX Catalyst Exceed DefinedPairCorr
  0.93CLPFX Catalyst Exceed DefinedPairCorr
  0.93MBXFX Catalystmillburn HedgePairCorr
  0.92INSCX Catalyst Insider BuyingPairCorr
  0.92INSIX Catalyst Insider BuyingPairCorr
  0.92ATRAX Catalyst IntelligentPairCorr
  0.92CLTIX Catalyst/lyons TacticalPairCorr
  0.92CLTCX Catalyst/lyons TacticalPairCorr
  0.92CLTAX Catalyst/lyons TacticalPairCorr
  0.91ATRCX Catalyst IntelligentPairCorr
  0.88MLXCX Catalyst Mlp InfrastPairCorr
  0.88MLXIX Catalyst Mlp InfrastPairCorr
  0.86MLXAX Catalyst Mlp InfrastPairCorr
  0.96CASIX Catalyst/aspect EnhancedPairCorr
  0.96IIXAX Catalyst Insider IncomePairCorr
  0.96GTECX Gateway Fund ClassPairCorr
  0.96GATEX Gateway Fund ClassPairCorr
  0.95CPEAX Catalyst Dynamic AlphaPairCorr
  0.95CAXAX Catalystmap Global EquityPairCorr
  0.95IIXCX Catalyst Insider IncomePairCorr
  0.95IIXIX Catalyst Insider IncomePairCorr
  0.95GTENX Gateway Fund ClassPairCorr
  0.95GTEYX Gateway Fund ClassPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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
MLXIX
+ 1.0
MLXCX
HIIIX
+ 0.99
HIICX
HIIIX
+ 0.99
HIIFX
CWXAX
+ 0.95
CWXCX
CFRIX
+ 0.94
HIICX
  
High negative correlations   
CWXCX
- 0.96
HIIFX
CWXCX
- 0.96
HIICX
CFRIX
- 0.95
CWXCX
CWXCX
- 0.95
HIIIX
CWXIX
- 0.95
HIIFX
CWXIX
- 0.95
HIICX

Risk-Adjusted Indicators

There is a big difference between Catalystwarrington Mutual Fund performing well and Catalystwarrington 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 Catalystwarrington'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum 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  0.12  0.08  0.51  0.00 
(0.59)
 0.89 
(0.57)
 2.04 
MLXCX  1.04  0.12  0.03  0.42  1.26 
(1.12)
 2.23 
(2.21)
 5.62 
MLXAX  1.01  0.22  0.04 (0.66) 1.20 
(1.12)
 2.23 
(2.21)
 6.07 
MLXIX  1.04  0.13  0.04  0.42  1.25 
(1.10)
 2.25 
(2.16)
 5.55 
CWXIX  0.02 (0.02) 0.00 (2.64) 0.00 
 0.00 
 0.00 
(0.11)
 0.21 
CWXCX  0.03 (0.02) 0.00 (2.08) 0.00 
 0.00 
 0.00 
(0.12)
 0.23 
CWXAX  0.02 (0.02) 0.00 (3.38) 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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