Rational Defensive Correlations

HSUAX Fund

USD 38.52 0.61 1.61%

The current 90-days correlation between Rational Defensive Growth and Ep Emerging Markets is -0.18 (i.e., Good diversification). The correlation of Rational Defensive 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 Defensive Correlation With Market

Good diversification

The correlation between Rational Defensive Growth and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rational Defensive Growth 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 Defensive Growth. 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

0.98	FAFGX	American Funds	Pair Corr
0.98	FFAFX	American Funds	Pair Corr
0.98	GFACX	Growth Fund	Pair Corr
0.98	GFAFX	Growth Fund	Pair Corr
0.98	AGTHX	Growth Fund	Pair Corr
0.98	CGFFX	Growth Fund	Pair Corr
0.98	CGFCX	Growth Fund	Pair Corr
0.98	CGFAX	Growth Fund	Pair Corr
0.98	CGFEX	Growth Fund	Pair Corr
0.98	RGAEX	Growth Fund	Pair Corr
0.67	IBM	International Business	Pair Corr
0.82	HPQ	HP Inc	Pair Corr
0.73	BA	Boeing	Pair Corr
0.8	DIS	Walt Disney Earnings Call Tomorrow	Pair Corr
0.91	AXP	American Express	Pair Corr
0.75	MSFT	Microsoft	Pair Corr
0.7	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.92	JPM	JPMorgan Chase	Pair Corr
0.69	GE	GE Aerospace	Pair Corr
0.87	BAC	Bank of America	Pair Corr
0.79	WMT	Walmart	Pair Corr

Moving against Rational Mutual Fund

0.64	T	ATT Inc Earnings Call This Week	Pair Corr
0.61	KO	Coca Cola	Pair Corr
0.46	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	EPASX	DBELX	XEDDX	TEDMX	ZEMIX	SMNIX	BXECX	SEDAX
EPASX		0.42	0.81	0.91	0.93	-0.07	0.09	0.87	EPASX
DBELX	0.42		0.35	0.13	0.14	0.53	0.68	0.4	DBELX
XEDDX	0.81	0.35		0.8	0.82	-0.06	0.13	0.88	XEDDX
TEDMX	0.91	0.13	0.8		0.98	-0.25	-0.1	0.82	TEDMX
ZEMIX	0.93	0.14	0.82	0.98		-0.27	-0.13	0.85	ZEMIX
SMNIX	-0.07	0.53	-0.06	-0.25	-0.27		0.77	0.05	SMNIX
BXECX	0.09	0.68	0.13	-0.1	-0.13	0.77		0.14	BXECX
SEDAX	0.87	0.4	0.88	0.82	0.85	0.05	0.14		SEDAX
	EPASX	DBELX	XEDDX	TEDMX	ZEMIX	SMNIX	BXECX	SEDAX

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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

ZEMIX	+ 0.98	TEDMX
ZEMIX	+ 0.93	EPASX
TEDMX	+ 0.91	EPASX
SEDAX	+ 0.88	XEDDX
SEDAX	+ 0.87	EPASX
SEDAX	+ 0.85	ZEMIX

High negative correlations

SMNIX	- 0.27	ZEMIX
SMNIX	- 0.25	TEDMX
BXECX	- 0.13	ZEMIX
BXECX	- 0.1	TEDMX
SMNIX	- 0.07	EPASX
SMNIX	- 0.06	XEDDX

Risk-Adjusted Indicators

There is a big difference between Rational Mutual Fund performing well and Rational Defensive 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 Defensive'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
EPASX	0.72	0.11	0.15	0.18	1.06	(0.74)	1.37	(1.63)	5.32
DBELX	0.33	0.08	0.45	1.61	0.21	(0.42)	0.82	(0.70)	2.20
XEDDX	0.38	0.00	0.17	0.00	0.62	(0.44)	0.78	(0.58)	4.20
TEDMX	1.10	0.18	0.13	0.14	1.59	(1.04)	2.04	(2.66)	7.79
ZEMIX	1.03	0.16	0.11	0.14	1.48	(1.07)	1.88	(2.30)	8.24
SMNIX	0.46	0.01	0.25	(0.33)	0.47	(0.52)	1.00	(0.81)	2.62
BXECX	0.11	0.03	0.63	3.85	0.00	(0.31)	0.27	(0.27)	1.21
SEDAX	0.30	0.02	0.27	7.87	0.41	(0.35)	0.59	(0.46)	2.24

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