Catalystsmh High Correlations

HIIFX Fund

USD 3.66 0.01 0.27%

The current 90-days correlation between Catalystsmh High Income and Legg Mason Partners is 0.11 (i.e., Average diversification). The correlation of Catalystsmh 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.

Catalystsmh High Correlation With Market

Modest diversification

The correlation between Catalystsmh High Income and DJI is 0.28 (i.e., Modest 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 census.

Moving together with Catalystsmh Mutual Fund

0.89	VWEAX	Vanguard High Yield	Pair Corr
0.89	VWEHX	Vanguard High Yield	Pair Corr
0.91	BHYCX	Blackrock Hi Yld	Pair Corr
0.91	BHYIX	Blackrock High Yield	Pair Corr
0.91	BHYSX	Blackrock Hi Yld	Pair Corr
0.91	BHYAX	Blackrock High Yield	Pair Corr
0.93	FAHHX	American Funds American	Pair Corr
0.93	FTAHX	American Funds American	Pair Corr
0.93	AHTFX	American High Income	Pair Corr
0.93	AHTCX	American High Income	Pair Corr
0.84	SMPIX	Semiconductor Ultrasector	Pair Corr
0.85	SMPSX	Semiconductor Ultrasector	Pair Corr
0.85	TTEEX	T Rowe Price	Pair Corr
0.85	TREMX	T Rowe Price	Pair Corr
0.85	CISGX	Touchstone Sands Capital	Pair Corr
0.83	ONERX	One Rock Fund	Pair Corr
0.72	CEE	Central Europe Russia	Pair Corr
0.68	MSFT	Microsoft	Pair Corr
0.8	GE	GE Aerospace	Pair Corr
0.85	DIS	Walt Disney	Pair Corr
0.75	MMM	3M Company	Pair Corr
0.61	TRV	The Travelers Companies	Pair Corr
0.73	PFE	Pfizer Inc	Pair Corr
0.77	AXP	American Express	Pair Corr
0.74	JPM	JPMorgan Chase	Pair Corr
0.74	BA	Boeing	Pair Corr
0.89	BAC	Bank of America	Pair Corr
0.85	CSCO	Cisco Systems	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr

Moving against Catalystsmh Mutual Fund

0.31

MCD

McDonalds

Pair Corr

Related Correlations Analysis

	INGXX	SGMXX	RGVCX	UGSFX	TUGXX
INGXX		0.8	-0.1	-0.1	0.94	INGXX
SGMXX	0.8		-0.02	-0.02	0.85	SGMXX
RGVCX	-0.1	-0.02		1.0	0.0	RGVCX
UGSFX	-0.1	-0.02	1.0		0.0	UGSFX
TUGXX	0.94	0.85	0.0	0.0		TUGXX
	INGXX	SGMXX	RGVCX	UGSFX	TUGXX

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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

UGSFX	+ 1.0	RGVCX
TUGXX	+ 0.94	INGXX
TUGXX	+ 0.85	SGMXX
SGMXX	+ 0.8	INGXX
TUGXX	+ 0.0	RGVCX
TUGXX	+ 0.0	UGSFX

High negative correlations

UGSFX	- 0.1	INGXX
RGVCX	- 0.1	INGXX
UGSFX	- 0.02	SGMXX
RGVCX	- 0.02	SGMXX
TUGXX	- 0.0	UGSFX
TUGXX	- 0.0	RGVCX

Risk-Adjusted Indicators

There is a big difference between Catalystsmh Mutual Fund performing well and Catalystsmh 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 Catalystsmh 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
INGXX	0.03	0.01	0.00	2.95	0.00	0.00	0.00	0.00	1.01
SGMXX	0.03	0.01	0.00	(0.36)	0.00	0.00	0.00	0.00	1.01
RGVCX	0.32	0.00	(0.05)	(0.07)	0.38	(0.33)	0.59	(0.67)	1.91
UGSFX	0.32	0.00	(0.05)	(0.07)	0.38	(0.35)	0.59	(0.67)	1.83
TUGXX	0.03	0.01	0.00	3.79	0.00	0.00	0.00	0.00	1.01

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