Catalyst Media Correlations
| CMX Stock | 71.50 1.50 2.14% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Catalyst Media moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Catalyst Media Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Catalyst Media Group and NYA is 0.03 (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 NYA in the same portfolio, assuming nothing else is changed.
Catalyst |
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
| 0.94 | SHEL | Shell plc | PairCorr |
| 0.9 | ECOR | Ecora Resources PLC | PairCorr |
| 0.86 | DEC | Diversified Energy | PairCorr |
| 0.75 | EDIN | Edinburgh Investment | PairCorr |
| 0.55 | HSBK | Halyk Bank AO | PairCorr |
| 0.52 | JD | JD Sports Fashion | PairCorr |
| 0.47 | SMSN | Samsung Electronics | PairCorr |
| 0.47 | PXC | Phoenix Global Mining | PairCorr |
| 0.42 | 0RUK | MOL Hungarian Oil | PairCorr |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SMSD | 1.16 | (0.16) | 0.00 | (0.38) | 0.00 | 2.85 | 7.75 | |||
| SMSN | 1.47 | (0.01) | 0.00 | 0.18 | 0.00 | 3.69 | 8.90 | |||
| HYUD | 2.02 | 0.09 | 0.02 | 0.80 | 2.48 | 4.45 | 13.56 | |||
| TYT | 0.99 | (0.06) | 0.00 | (0.36) | 0.00 | 2.44 | 7.88 | |||
| SBID | 1.04 | 0.16 | 0.09 | 7.60 | 1.22 | 2.35 | 7.33 | |||
| 0R15 | 2.06 | 0.32 | 0.15 | 0.41 | 1.82 | 4.49 | 21.81 | |||
| RIGD | 0.89 | (0.06) | 0.00 | 0.99 | 0.00 | 1.55 | 6.20 | |||
| AXB | 0.99 | 0.12 | 0.06 | (0.33) | 1.03 | 2.63 | 6.90 | |||
| HSBK | 1.20 | 0.25 | 0.12 | (3.19) | 1.37 | 3.98 | 12.90 | |||
| 0QYR | 1.15 | 0.00 | (0.01) | 0.05 | 1.70 | 2.09 | 8.12 |
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.Did you try this?
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Already Invested in Catalyst Media Group?
The danger of trading Catalyst Media Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Catalyst Media is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Catalyst Media. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Catalyst Media Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Catalyst Media Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Catalyst Stock analysis
When running Catalyst Media's price analysis, check to measure Catalyst Media's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Catalyst Media is operating at the current time. Most of Catalyst Media's value examination focuses on studying past and present price action to predict the probability of Catalyst Media's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Catalyst Media's price. Additionally, you may evaluate how the addition of Catalyst Media to your portfolios can decrease your overall portfolio volatility.
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