Rational Real Correlations

HRSFX Fund

USD 16.17 0.02 0.12%

The current 90-days correlation between Rational Real Strategies and Rationalrgn Hedged Equity is 0.24 (i.e., Modest 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

Significant diversification

The correlation between Rational Real Strategies and DJI is 0.06 (i.e., Significant 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 census.

Moving together with Rational Mutual Fund

0.87	RFXIX	Rational Special Sit	Pair Corr
0.92	RFXCX	Rational Special Sit	Pair Corr
0.91	RFXAX	Rational Special Sit	Pair Corr
0.86	HRSTX	Rational Real Strategies	Pair Corr
0.99	HRSAX	Rational Real Strategies	Pair Corr
0.64	EEA	European Equity Closed	Pair Corr
0.86	TIKPX	Tiaa-cref Inflation-linked	Pair Corr

Moving against Rational Mutual Fund

0.73	HSUCX	Rational Defensive Growth	Pair Corr
0.73	HSUTX	Rational Defensive Growth	Pair Corr
0.72	RHSCX	Rational Strategic	Pair Corr
0.7	RHSIX	Rational Strategic	Pair Corr
0.67	RNEIX	Rationalrgn Hedged Equity	Pair Corr
0.65	RNECX	Rationalrgn Hedged Equity	Pair Corr
0.64	RNEAX	Rationalrgn Hedged Equity	Pair Corr
0.64	RDMAX	Rational Dynamic Momentum	Pair Corr
0.64	RDMCX	Rational Dynamic Momentum	Pair Corr
0.63	RDMIX	Rational Dynamic Momentum	Pair Corr
0.62	HSUAX	Rational Defensive Growth	Pair Corr
0.62	HDCEX	Rational Dividend Capture	Pair Corr
0.61	HDCAX	Rational Dividend Capture	Pair Corr
0.59	RHSAX	Rational Strategic	Pair Corr
0.56	HDCTX	Rational Dividend Capture	Pair Corr
0.51	HBAFX	Rational Strategic	Pair Corr
0.67	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.67	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.66	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.66	GTECX	Gateway Fund Class	Pair Corr
0.65	GTENX	Gateway Fund Class	Pair Corr
0.65	GATEX	Gateway Fund Class	Pair Corr
0.64	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.63	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.62	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.59	PBXAX	Rationalpier 88 Conv	Pair Corr
0.59	GTEYX	Gateway Fund Class	Pair Corr
0.58	PBXIX	Rationalpier 88 Conv	Pair Corr
0.58	PBXCX	Rationalpier 88 Conv	Pair Corr

Related Correlations Analysis

	RNECX	RNEAX	RNEIX	RDMAX	RDMIX	RDMCX	RFXIX	RFXCX	RFXAX	HRSTX
RNECX		1.0	0.92	0.93	0.93	0.93	-0.51	-0.6	-0.55	-0.69	RNECX
RNEAX	1.0		0.92	0.93	0.93	0.93	-0.51	-0.59	-0.54	-0.68	RNEAX
RNEIX	0.92	0.92		0.95	0.95	0.95	-0.56	-0.63	-0.6	-0.71	RNEIX
RDMAX	0.93	0.93	0.95		1.0	1.0	-0.48	-0.55	-0.52	-0.69	RDMAX
RDMIX	0.93	0.93	0.95	1.0		1.0	-0.48	-0.55	-0.51	-0.69	RDMIX
RDMCX	0.93	0.93	0.95	1.0	1.0		-0.49	-0.56	-0.52	-0.7	RDMCX
RFXIX	-0.51	-0.51	-0.56	-0.48	-0.48	-0.49		0.95	0.95	0.91	RFXIX
RFXCX	-0.6	-0.59	-0.63	-0.55	-0.55	-0.56	0.95		0.99	0.84	RFXCX
RFXAX	-0.55	-0.54	-0.6	-0.52	-0.51	-0.52	0.95	0.99		0.82	RFXAX
HRSTX	-0.69	-0.68	-0.71	-0.69	-0.69	-0.7	0.91	0.84	0.82		HRSTX
	RNECX	RNEAX	RNEIX	RDMAX	RDMIX	RDMCX	RFXIX	RFXCX	RFXAX	HRSTX

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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

RNEAX	+ 1.0	RNECX
RDMIX	+ 1.0	RDMAX
RDMCX	+ 1.0	RDMAX
RDMCX	+ 1.0	RDMIX
RFXAX	+ 0.99	RFXCX
RDMAX	+ 0.95	RNEIX

High negative correlations

HRSTX	- 0.71	RNEIX
HRSTX	- 0.7	RDMCX
HRSTX	- 0.69	RDMIX
HRSTX	- 0.69	RDMAX
HRSTX	- 0.69	RNECX
HRSTX	- 0.68	RNEAX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RNECX	1.10	(0.18)	0.00	0.97	0.00	1.39	(2.20)	7.36
RNEAX	1.10	(0.18)	0.00	0.95	0.00	1.48	(2.29)	7.35
RNEIX	1.15	(0.01)	0.00	(0.09)	0.00	1.53	(2.19)	15.41
RDMAX	0.82	(0.12)	0.00	(0.29)	0.00	1.13	(1.82)	6.87
RDMIX	0.82	(0.12)	0.00	(0.29)	0.00	1.12	(1.84)	6.89
RDMCX	0.82	(0.13)	0.00	(0.29)	0.00	1.08	(1.80)	6.85
RFXIX	0.07	0.01	0.60	0.43	(0.09)	0.11	(0.11)	0.61
RFXCX	0.07	0.00	0.65	(0.67)	(0.09)	0.11	(0.17)	0.56
RFXAX	0.07	0.00	0.63	(0.11)	(0.10)	0.17	(0.17)	0.56
HRSTX	0.04	0.00	0.84	(0.07)	(0.08)	0.06	(0.06)	0.30

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