Catalystmillburn Correlations

MBXCX Fund

USD 38.32 0.06 0.16%

The current 90-days correlation between Catalystmillburn Hedge and The Short Term Municipal is 0.01 (i.e., Significant diversification). The correlation of Catalystmillburn 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.

Catalystmillburn Correlation With Market

Poor diversification

The correlation between Catalystmillburn Hedge Strateg and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catalystmillburn Hedge Strateg and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Catalystmillburn Hedge Strategy. 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 Catalystmillburn Mutual Fund

0.68	HIICX	Catalystsmh High Income	Pair Corr
0.68	HIIFX	Catalystsmh High Income	Pair Corr
0.68	HIIIX	Catalystsmh High Income	Pair Corr
0.68	MLXCX	Catalyst Mlp Infrast	Pair Corr
0.9	MLXIX	Catalyst Mlp Infrast	Pair Corr
0.61	CFRAX	Catalyst/princeton	Pair Corr
0.63	SHIIX	Catalystexceed Defined	Pair Corr
0.64	SHIEX	Catalystexceed Defined	Pair Corr
0.64	SHINX	Catalystexceed Defined	Pair Corr
0.64	CLPCX	Catalyst Exceed Defined	Pair Corr
0.66	CLPAX	Catalyst Exceed Defined	Pair Corr
0.64	CLPFX	Catalyst Exceed Defined	Pair Corr
0.67	CLTIX	Catalyst/lyons Tactical	Pair Corr
0.67	CLTCX	Catalyst/lyons Tactical	Pair Corr
0.67	CLTAX	Catalyst/lyons Tactical	Pair Corr
1.0	MBXAX	Catalystmillburn Hedge	Pair Corr
1.0	MBXFX	Catalystmillburn Hedge	Pair Corr
1.0	MBXIX	Catalystmillburn Hedge	Pair Corr
0.64	TRIIX	Catalystsmh Total Return	Pair Corr
0.64	TRIFX	Catalystsmh Total Return	Pair Corr
0.66	TRICX	Catalystsmh Total Return	Pair Corr

Moving against Catalystmillburn Mutual Fund

0.66	CWXIX	Catalystwarrington	Pair Corr
0.64	CWXCX	Catalystwarrington	Pair Corr
0.61	CWXAX	Catalystwarrington	Pair Corr
0.95	USPSX	Profunds Ultrashort	Pair Corr

Related Correlations Analysis

	HCSBX	FSHAX	OHSHX	LSYIX	CWFIX	CRLSX	PRMDX
HCSBX		0.98	0.94	0.97	0.96	0.93	0.97	HCSBX
FSHAX	0.98		0.9	0.98	0.97	0.93	0.98	FSHAX
OHSHX	0.94	0.9		0.95	0.94	0.95	0.89	OHSHX
LSYIX	0.97	0.98	0.95		0.98	0.96	0.97	LSYIX
CWFIX	0.96	0.97	0.94	0.98		0.95	0.96	CWFIX
CRLSX	0.93	0.93	0.95	0.96	0.95		0.92	CRLSX
PRMDX	0.97	0.98	0.89	0.97	0.96	0.92		PRMDX
	HCSBX	FSHAX	OHSHX	LSYIX	CWFIX	CRLSX	PRMDX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Catalystmillburn Mutual Fund performing well and Catalystmillburn 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 Catalystmillburn'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
HCSBX	0.05	0.01	0.00	1.08	0.00	0.00	0.10	(0.10)	0.42
FSHAX	0.05	0.01	0.00	1.23	0.00	0.00	0.10	0.00	0.41
OHSHX	0.12	0.04	(0.58)	0.58	0.00	(0.23)	0.36	(0.12)	0.98
LSYIX	0.15	0.07	(0.22)	0.68	0.00	(0.24)	0.74	(0.20)	1.38
CWFIX	0.08	0.03	(0.86)	0.63	0.00	(0.14)	0.21	(0.11)	0.43
CRLSX	0.56	0.16	0.15	0.46	0.11	(0.69)	1.57	(0.91)	3.99
PRMDX	0.06	0.02	0.00	(1.55)	0.00	0.00	0.20	0.00	0.39

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