Rational Real Correlations

HRSAX Fund

USD 17.41 0.00 0.00%

The current 90-days correlation between Rational Real Strategies and Rational Dynamic Momentum is 0.15 (i.e., Average diversification). The correlation of Rational Real 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.

Rational Real Correlation With Market

Very good diversification

The correlation between Rational Real Strategies and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rational Real Strategies 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 Rational Real Strategies. 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 nation.

Moving together with Rational Mutual Fund

0.91	RFXIX	Rational Special Sit	Pair Corr
0.88	RFXCX	Rational Special Sit	Pair Corr
0.91	RFXAX	Rational Special Sit	Pair Corr
1.0	HRSTX	Rational Real Strategies	Pair Corr
1.0	HRSFX	Rational Real Strategies	Pair Corr
0.64	RHSAX	Rational Strategic	Pair Corr
0.65	RHSIX	Rational Strategic	Pair Corr
0.63	RHSCX	Rational Strategic	Pair Corr
0.93	HSUAX	Rational Defensive Growth	Pair Corr
0.93	HSUCX	Rational Defensive Growth	Pair Corr
0.93	HSUTX	Rational Defensive Growth	Pair Corr
0.93	IGOAX	Rational Inflation Growth	Pair Corr
0.92	IGOCX	Rational Inflation Growth	Pair Corr
0.93	IGOIX	Rational Inflation Growth	Pair Corr
0.9	HDCAX	Rational Dividend Capture	Pair Corr
0.89	HDCEX	Rational Dividend Capture	Pair Corr
0.9	HDCTX	Rational Dividend Capture	Pair Corr
0.92	PBXIX	Rationalpier 88 Conv	Pair Corr
0.91	PBXCX	Rationalpier 88 Conv	Pair Corr
0.91	PBXAX	Rationalpier 88 Conv	Pair Corr
0.94	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.93	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.94	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.94	GTENX	Gateway Fund Class	Pair Corr
0.94	GTECX	Gateway Fund Class	Pair Corr
0.94	GTEYX	Gateway Fund Class	Pair Corr
0.94	GATEX	Gateway Fund Class	Pair Corr
0.93	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.94	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.94	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.91	ASG	Liberty All Star	Pair Corr
0.84	CII	Blackrock Enhanced	Pair Corr
0.95	ETV	Eaton Vance Tax	Pair Corr

Moving against Rational Mutual Fund

0.35	RDMCX	Rational Dynamic Momentum	Pair Corr
0.31	RDMAX	Rational Dynamic Momentum	Pair Corr
0.6	IFN	India Closed	Pair Corr
0.46	IIF	Morgan Stanley India	Pair Corr

Related Correlations Analysis

	RDMIX	RDMCX	RFXIX	RFXCX	RFXAX	RHSAX	RHSIX
RDMIX		1.0	-0.04	0.0	-0.06	0.19	0.15	RDMIX
RDMCX	1.0		-0.09	-0.05	-0.11	0.15	0.11	RDMCX
RFXIX	-0.04	-0.09		1.0	1.0	0.58	0.63	RFXIX
RFXCX	0.0	-0.05	1.0		1.0	0.56	0.62	RFXCX
RFXAX	-0.06	-0.11	1.0	1.0		0.57	0.62	RFXAX
RHSAX	0.19	0.15	0.58	0.56	0.57		0.85	RHSAX
RHSIX	0.15	0.11	0.63	0.62	0.62	0.85		RHSIX
	RDMIX	RDMCX	RFXIX	RFXCX	RFXAX	RHSAX	RHSIX

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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

RDMCX	+ 1.0	RDMIX
RFXCX	+ 1.0	RFXIX
RFXAX	+ 1.0	RFXIX
RFXAX	+ 1.0	RFXCX
RHSIX	+ 0.85	RHSAX
RHSIX	+ 0.63	RFXIX

High negative correlations

RFXAX	- 0.11	RDMCX
RFXIX	- 0.09	RDMCX
RFXAX	- 0.06	RDMIX
RFXCX	- 0.05	RDMCX
RFXIX	- 0.04	RDMIX
RFXCX	- 0.0	RDMIX

Risk-Adjusted Indicators

There is a big difference between Rational Mutual Fund performing well and Rational Real 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 Rational Real'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
RDMIX	0.47	0.02	(0.16)	(0.36)	0.50	(0.51)	1.05	(0.88)	2.14
RDMCX	0.47	0.01	(0.17)	(0.25)	0.51	(0.50)	1.06	(0.88)	2.14
RFXIX	0.07	0.01	(0.45)	1.45	0.00	(0.11)	0.11	(0.11)	0.93
RFXCX	0.07	0.01	(0.53)	1.10	0.00	(0.10)	0.11	(0.11)	0.88
RFXAX	0.07	0.01	(0.52)	2.45	0.00	(0.09)	0.17	(0.06)	0.88
RHSAX	0.92	0.07	(0.02)	3.19	1.36	(0.98)	1.97	(2.49)	7.38
RHSIX	0.91	(0.08)	(0.03)	0.05	1.41	(0.91)	1.75	(2.39)	7.42

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