Rational Dynamic Correlations

RDMAX Fund

USD 18.71 0.06 0.32%

The current 90-days correlation between Rational Dynamic Momentum and Artisan International Explorer is -0.02 (i.e., Good diversification). The correlation of Rational Dynamic 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 Dynamic Correlation With Market

Very poor diversification

The correlation between Rational Dynamic Momentum and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rational Dynamic Momentum 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 Rational Dynamic Momentum. 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

0.92	RNECX	Rationalrgn Hedged Equity	Pair Corr
0.93	RNEAX	Rationalrgn Hedged Equity	Pair Corr
0.93	RNEIX	Rationalrgn Hedged Equity	Pair Corr
1.0	RDMIX	Rational Dynamic Momentum	Pair Corr
1.0	RDMCX	Rational Dynamic Momentum	Pair Corr
0.97	RHSAX	Rational Strategic	Pair Corr
0.98	RHSIX	Rational Strategic	Pair Corr
0.98	RHSCX	Rational Strategic	Pair Corr
0.89	HSUAX	Rational Defensive Growth	Pair Corr
0.89	HSUCX	Rational Defensive Growth	Pair Corr
0.95	HBAFX	Rational Strategic Steady Growth	Pair Corr
0.89	HSUTX	Rational Defensive Growth	Pair Corr
0.93	HDCAX	Rational Dividend Capture	Pair Corr
0.93	HDCEX	Rational Dividend Capture	Pair Corr
0.93	HDCTX	Rational Dividend Capture	Pair Corr
0.93	PBXIX	Rationalpier 88 Conv	Pair Corr
0.94	PBXCX	Rationalpier 88 Conv	Pair Corr
0.91	PBXAX	Rationalpier 88 Conv	Pair Corr
0.97	MBXFX	Catalystmillburn Hedge	Pair Corr
0.97	MBXIX	Catalystmillburn Hedge	Pair Corr
0.97	MBXAX	Catalystmillburn Hedge	Pair Corr
0.97	MBXCX	Catalystmillburn Hedge	Pair Corr
0.75	PCBAX	Blackrock Tactical	Pair Corr
0.75	PCBSX	Blackrock Tactical	Pair Corr
0.74	PBAIX	Blackrock Tactical	Pair Corr
0.77	BRBCX	Blackrock Tactical	Pair Corr
0.95	VSTSX	Vanguard Total Stock	Pair Corr
0.95	VSMPX	Vanguard Total Stock	Pair Corr
0.95	VITSX	Vanguard Total Stock	Pair Corr
0.94	VFFSX	Vanguard 500 Index	Pair Corr
0.94	VFIAX	Vanguard 500 Index	Pair Corr

Moving against Rational Mutual Fund

0.8	HRSTX	Rational Real Strategies	Pair Corr
0.78	HRSAX	Rational Real Strategies	Pair Corr
0.7	HRSFX	Rational Real Strategies	Pair Corr
0.37	RFXIX	Rational Special Sit	Pair Corr
0.34	RFXAX	Rational Special Sit	Pair Corr
0.85	NUSAX	Nationwide Government	Pair Corr
0.83	SAOAX	Guggenheim Alpha Opp	Pair Corr

Related Correlations Analysis

	ARDBX	EMDIX	EICVX	TBLCX	SWSFX	LOGIX	LCSCX
ARDBX		0.64	0.57	0.33	0.38	0.28	0.42	ARDBX
EMDIX	0.64		0.83	0.78	0.0	0.73	0.66	EMDIX
EICVX	0.57	0.83		0.78	-0.04	0.77	0.74	EICVX
TBLCX	0.33	0.78	0.78		-0.4	0.95	0.76	TBLCX
SWSFX	0.38	0.0	-0.04	-0.4		-0.32	-0.33	SWSFX
LOGIX	0.28	0.73	0.77	0.95	-0.32		0.69	LOGIX
LCSCX	0.42	0.66	0.74	0.76	-0.33	0.69		LCSCX
	ARDBX	EMDIX	EICVX	TBLCX	SWSFX	LOGIX	LCSCX

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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

LOGIX	+ 0.95	TBLCX
EICVX	+ 0.83	EMDIX
TBLCX	+ 0.78	EMDIX
TBLCX	+ 0.78	EICVX
LOGIX	+ 0.77	EICVX
LCSCX	+ 0.76	TBLCX

High negative correlations

SWSFX	- 0.4	TBLCX
LCSCX	- 0.33	SWSFX
LOGIX	- 0.32	SWSFX
SWSFX	- 0.04	EICVX
SWSFX	- 0.0	EMDIX

Risk-Adjusted Indicators

There is a big difference between Rational Mutual Fund performing well and Rational Dynamic 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 Dynamic'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
ARDBX	0.82	0.06	0.16	(1.10)	1.11	(0.85)	1.67	(1.70)	6.72
EMDIX	0.28	0.01	0.26	0.06	0.46	(0.30)	0.51	(0.65)	2.31
EICVX	0.81	0.09	0.00	(0.02)	0.00	0.00	1.31	(1.58)	7.40
TBLCX	0.52	(0.02)	0.00	0.35	0.00	0.00	0.84	(1.11)	5.00
SWSFX	0.05	0.00	0.98	(0.04)	0.00	(0.14)	0.10	(0.10)	0.58
LOGIX	0.86	(0.07)	0.00	0.57	0.00	0.00	1.33	(1.73)	7.24
LCSCX	0.30	0.00	0.00	(0.19)	0.00	0.00	0.61	(0.72)	2.28

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