Rationalpier Correlations

PBXIX Fund

USD 11.15 0.01 0.09%

The current 90-days correlation between Rationalpier 88 Conv and Auxier Focus Fund is 0.57 (i.e., Very weak diversification). The correlation of Rationalpier 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.

Rationalpier Correlation With Market

Poor diversification

The correlation between Rationalpier 88 Convertible and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rationalpier 88 Convertible and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rationalpier 88 Convertible. 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 gross domestic product.

Moving together with Rationalpier Mutual Fund

0.94	RNECX	Rationalrgn Hedged Equity	Pair Corr
0.83	RNEAX	Rationalrgn Hedged Equity	Pair Corr
0.75	RDMIX	Rational Dynamic Momentum	Pair Corr
0.84	RDMCX	Rational Dynamic Momentum	Pair Corr
0.82	HRSTX	Rational Real Strategies	Pair Corr
0.81	HRSAX	Rational Real Strategies	Pair Corr
0.8	RHSAX	Rational Strategic	Pair Corr
0.76	RHSIX	Rational Strategic	Pair Corr
0.76	RHSCX	Rational Strategic	Pair Corr
0.84	HSUAX	Rational Defensive Growth	Pair Corr
0.8	HSUCX	Rational Defensive Growth	Pair Corr
0.88	HDCAX	Rational Dividend Capture	Pair Corr
0.88	PBXCX	Rationalpier 88 Conv	Pair Corr
0.87	PBXAX	Rationalpier 88 Conv	Pair Corr
0.93	FCSZX	Franklin Vertible	Pair Corr
0.78	FCSKX	Franklin Vertible	Pair Corr
0.86	FISCX	Franklin Convertible	Pair Corr
0.86	FROTX	Franklin Convertible	Pair Corr
0.97	ANZCX	Allianzgi Convertible	Pair Corr
0.88	ANZAX	Allianzgi Convertible	Pair Corr
0.96	ANNPX	Allianzgi Vertible	Pair Corr
0.89	VAADX	Virtus Convertible	Pair Corr
0.82	FCVSX	Fidelity Vertible	Pair Corr
0.93	PFN	Pimco Income Strategy	Pair Corr
0.89	CIF	Mfs Intermediate High	Pair Corr
0.81	PCF	Putnam High Income	Pair Corr
0.69	CRDWX	Blackrock Credit Str	Pair Corr
0.82	KGIIX	Kopernik International	Pair Corr
0.82	MWUIX	Metropolitan West Ultra	Pair Corr
0.85	ETFCX	Stadion Tactical Growth	Pair Corr
0.95	TWSAX	Strategic Allocation:	Pair Corr
0.78	GICCX	Goldman Sachs Intern	Pair Corr

Moving against Rationalpier Mutual Fund

0.81	XNBHX	Neuberger Berman Int	Pair Corr
0.68	XDSMX	Dreyfus Strategic	Pair Corr
0.41	XPPRX	Voya Prime Rate	Pair Corr
0.38	MCSVX	Mainstay Vertible	Pair Corr
0.32	XNXJX	Nuveen New Jersey	Pair Corr

Related Correlations Analysis

	AUXIX	TGVCX	TMSRX	AUERX	MHEFX	VFORX	SMPSX	OPTCX
AUXIX		0.82	0.8	0.79	0.81	0.96	0.81	0.92	AUXIX
TGVCX	0.82		0.97	0.88	0.94	0.87	0.99	0.81	TGVCX
TMSRX	0.8	0.97		0.85	0.96	0.86	0.98	0.81	TMSRX
AUERX	0.79	0.88	0.85		0.87	0.78	0.87	0.71	AUERX
MHEFX	0.81	0.94	0.96	0.87		0.87	0.96	0.84	MHEFX
VFORX	0.96	0.87	0.86	0.78	0.87		0.88	0.97	VFORX
SMPSX	0.81	0.99	0.98	0.87	0.96	0.88		0.83	SMPSX
OPTCX	0.92	0.81	0.81	0.71	0.84	0.97	0.83		OPTCX
	AUXIX	TGVCX	TMSRX	AUERX	MHEFX	VFORX	SMPSX	OPTCX

Risk-Adjusted Indicators

There is a big difference between Rationalpier Mutual Fund performing well and Rationalpier 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 Rationalpier'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
AUXIX	0.41	0.04	0.01	0.15	0.36	(0.43)	0.83	(0.78)	2.32
TGVCX	0.60	0.23	0.17	(0.75)	0.46	(0.71)	1.47	(1.06)	4.24
TMSRX	0.07	0.02	(0.44)	6.28	0.00	(0.13)	0.22	(0.11)	0.43
AUERX	0.66	0.21	0.18	4.48	0.31	(0.81)	1.69	(1.10)	3.27
MHEFX	0.37	0.11	0.06	2.33	0.00	(0.62)	0.93	(0.56)	3.68
VFORX	0.36	0.07	0.06	0.21	0.16	(0.42)	0.86	(0.67)	2.35
SMPSX	1.68	0.71	0.28	(1.41)	1.50	(2.01)	4.35	(3.28)	8.49
OPTCX	0.19	0.03	(0.11)	0.20	0.00	(0.25)	0.51	(0.31)	1.54

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