Rational Real Correlations

HRSTX Fund

USD 17.44 0.01 0.06%

The current 90-days correlation between Rational Real Strategies and Rational Dynamic Momentum 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

Good diversification

The correlation between Rational Real Strategies and DJI is -0.2 (i.e., 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 estimate.

Moving together with Rational Mutual Fund

0.9	RFXIX	Rational Special Sit	Pair Corr
0.86	RFXCX	Rational Special Sit	Pair Corr
0.91	RFXAX	Rational Special Sit	Pair Corr
1.0	HRSAX	Rational Real Strategies	Pair Corr
1.0	HRSFX	Rational Real Strategies	Pair Corr
0.62	RHSAX	Rational Strategic	Pair Corr
0.65	RHSIX	Rational Strategic	Pair Corr
0.93	HSUAX	Rational Defensive Growth	Pair Corr
0.92	HSUCX	Rational Defensive Growth	Pair Corr
0.93	HSUTX	Rational Defensive 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
0.9	PBXIX	Rationalpier 88 Conv	Pair Corr
0.88	PBXCX	Rationalpier 88 Conv	Pair Corr
0.89	PBXAX	Rationalpier 88 Conv	Pair Corr
0.94	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.94	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.94	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.95	GTENX	Gateway Fund Class	Pair Corr
0.94	GTECX	Gateway Fund Class	Pair Corr
0.95	GTEYX	Gateway Fund Class	Pair Corr
0.94	GATEX	Gateway Fund Class	Pair Corr
0.94	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.94	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.94	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.89	XNKGX	Nuveen Georgia Quality	Pair Corr
0.84	XPPRX	Voya Prime Rate	Pair Corr
0.82	PCF	Putnam High Income	Pair Corr

Moving against Rational Mutual Fund

0.92	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.69	XNBHX	Neuberger Berman Int	Pair Corr
0.63	NXJ	Nuveen New Jersey	Pair Corr
0.61	XNXJX	Nuveen New Jersey	Pair Corr

Related Correlations Analysis

	RDMAX	RDMIX	RDMCX	RFXIX	RFXCX	RFXAX	HRSTX	HRSAX	HRSFX	RHSAX
RDMAX		1.0	1.0	-0.07	0.11	-0.07	-0.26	-0.26	-0.27	0.16	RDMAX
RDMIX	1.0		1.0	-0.05	0.12	-0.06	-0.24	-0.25	-0.25	0.17	RDMIX
RDMCX	1.0	1.0		-0.1	0.07	-0.1	-0.29	-0.29	-0.3	0.14	RDMCX
RFXIX	-0.07	-0.05	-0.1		0.93	1.0	0.9	0.9	0.89	0.58	RFXIX
RFXCX	0.11	0.12	0.07	0.93		0.93	0.86	0.87	0.85	0.63	RFXCX
RFXAX	-0.07	-0.06	-0.1	1.0	0.93		0.91	0.91	0.89	0.58	RFXAX
HRSTX	-0.26	-0.24	-0.29	0.9	0.86	0.91		1.0	1.0	0.62	HRSTX
HRSAX	-0.26	-0.25	-0.29	0.9	0.87	0.91	1.0		1.0	0.63	HRSAX
HRSFX	-0.27	-0.25	-0.3	0.89	0.85	0.89	1.0	1.0		0.63	HRSFX
RHSAX	0.16	0.17	0.14	0.58	0.63	0.58	0.62	0.63	0.63		RHSAX
	RDMAX	RDMIX	RDMCX	RFXIX	RFXCX	RFXAX	HRSTX	HRSAX	HRSFX	RHSAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

RDMIX	+ 1.0	RDMAX
RDMCX	+ 1.0	RDMAX
RDMCX	+ 1.0	RDMIX
RFXAX	+ 1.0	RFXIX
HRSAX	+ 1.0	HRSTX
HRSFX	+ 1.0	HRSTX

High negative correlations

HRSFX	- 0.3	RDMCX
HRSAX	- 0.29	RDMCX
HRSTX	- 0.29	RDMCX
HRSFX	- 0.27	RDMAX
HRSAX	- 0.26	RDMAX
HRSTX	- 0.26	RDMAX

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
RDMAX	0.46	0.05	(0.13)	(0.44)	0.42	(0.55)	1.07	(0.81)	2.09
RDMIX	0.47	0.06	(0.13)	(0.41)	0.42	(0.52)	1.05	(0.82)	2.14
RDMCX	0.46	0.05	(0.14)	(0.37)	0.43	(0.51)	1.07	(0.82)	2.14
RFXIX	0.07	0.00	(0.54)	0.00	0.00	(0.10)	0.11	(0.11)	0.93
RFXCX	0.06	0.02	(1.06)	(1.59)	0.00	(0.09)	0.11	(0.06)	0.39
RFXAX	0.07	0.01	(0.64)	2.74	0.00	(0.09)	0.11	(0.06)	0.88
HRSTX	0.03	0.01	0.00	(0.70)	0.00	0.00	0.06	(0.06)	0.23
HRSAX	0.03	0.01	0.00	(0.39)	0.00	0.00	0.12	(0.06)	0.29
HRSFX	0.03	0.01	0.00	(0.33)	0.00	0.00	0.06	(0.06)	0.24
RHSAX	0.85	(0.02)	0.01	0.10	1.13	(0.96)	1.58	(1.60)	7.38

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC