Rational Dynamic Correlations

RDMCX Fund

USD 18.08 0.81 4.69%

The current 90-days correlation between Rational Dynamic Momentum and Rationalrgn Hedged Equity is 0.72 (i.e., Poor 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

Modest diversification

The correlation between Rational Dynamic Momentum and DJI is 0.24 (i.e., Modest 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 main economic indicators.

Moving together with Rational Mutual Fund

0.93	RNECX	Rationalrgn Hedged Equity	Pair Corr
0.93	RNEAX	Rationalrgn Hedged Equity	Pair Corr
0.93	RNEIX	Rationalrgn Hedged Equity	Pair Corr
1.0	RDMAX	Rational Dynamic Momentum	Pair Corr
1.0	RDMIX	Rational Dynamic Momentum	Pair Corr
0.88	RHSAX	Rational Strategic	Pair Corr
0.89	RHSIX	Rational Strategic	Pair Corr
0.89	RHSCX	Rational Strategic	Pair Corr
0.93	HSUAX	Rational Defensive Growth	Pair Corr
0.92	HSUCX	Rational Defensive Growth	Pair Corr
0.87	HBAFX	Rational Strategic	Pair Corr
0.93	HSUTX	Rational Defensive Growth	Pair Corr
0.9	HDCAX	Rational Dividend Capture	Pair Corr
0.91	HDCEX	Rational Dividend Capture	Pair Corr
0.9	HDCTX	Rational Dividend Capture	Pair Corr
0.9	PBXIX	Rationalpier 88 Conv	Pair Corr
0.91	PBXCX	Rationalpier 88 Conv	Pair Corr
0.88	PBXAX	Rationalpier 88 Conv	Pair Corr
0.8	MBXFX	Catalystmillburn Hedge	Pair Corr
0.8	MBXIX	Catalystmillburn Hedge	Pair Corr
0.8	MBXAX	Catalystmillburn Hedge	Pair Corr
0.74	MBXCX	Catalystmillburn Hedge	Pair Corr
0.8	GPMFX	Guidepath Managed Futures	Pair Corr

Moving against Rational Mutual Fund

0.68	HRSFX	Rational Real Strategies	Pair Corr
0.67	HRSTX	Rational Real Strategies	Pair Corr
0.66	RFXIX	Rational Special Sit	Pair Corr
0.66	RFXAX	Rational Special Sit	Pair Corr
0.66	HRSAX	Rational Real Strategies	Pair Corr
0.65	RFXCX	Rational Special Sit	Pair Corr
0.84	GAAGX	Gmo Alternative Allo	Pair Corr
0.77	GAAKX	Gmo Alternative Allo	Pair Corr
0.62	LUSNX	Lord Abbett Ultra	Pair Corr
0.6	GPBFX	Gmo E Plus	Pair Corr
0.59	JIBSX	Johnson Mutual Funds	Pair Corr
0.53	SSAIX	Ssga International Stock	Pair Corr
0.33	MRSGX	Mfs Research Interna	Pair Corr

Related Correlations Analysis

	RNECX	RNEAX	RNEIX	RDMAX	RDMIX	RDMCX	RFXIX	RFXCX	RFXAX	HRSTX
RNECX		1.0	1.0	0.93	0.92	0.93	-0.71	-0.7	-0.7	-0.7	RNECX
RNEAX	1.0		1.0	0.93	0.93	0.93	-0.7	-0.69	-0.69	-0.69	RNEAX
RNEIX	1.0	1.0		0.93	0.92	0.93	-0.69	-0.69	-0.69	-0.69	RNEIX
RDMAX	0.93	0.93	0.93		1.0	1.0	-0.65	-0.64	-0.64	-0.66	RDMAX
RDMIX	0.92	0.93	0.92	1.0		1.0	-0.64	-0.64	-0.64	-0.65	RDMIX
RDMCX	0.93	0.93	0.93	1.0	1.0		-0.66	-0.65	-0.66	-0.67	RDMCX
RFXIX	-0.71	-0.7	-0.69	-0.65	-0.64	-0.66		1.0	1.0	0.97	RFXIX
RFXCX	-0.7	-0.69	-0.69	-0.64	-0.64	-0.65	1.0		1.0	0.96	RFXCX
RFXAX	-0.7	-0.69	-0.69	-0.64	-0.64	-0.66	1.0	1.0		0.96	RFXAX
HRSTX	-0.7	-0.69	-0.69	-0.66	-0.65	-0.67	0.97	0.96	0.96		HRSTX
	RNECX	RNEAX	RNEIX	RDMAX	RDMIX	RDMCX	RFXIX	RFXCX	RFXAX	HRSTX

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

RNEAX	+ 1.0	RNECX
RNEIX	+ 1.0	RNECX
RNEIX	+ 1.0	RNEAX
RDMIX	+ 1.0	RDMAX
RDMCX	+ 1.0	RDMAX
RDMCX	+ 1.0	RDMIX

High negative correlations

RFXIX	- 0.71	RNECX
RFXIX	- 0.7	RNEAX
HRSTX	- 0.7	RNECX
RFXAX	- 0.7	RNECX
RFXCX	- 0.7	RNECX
HRSTX	- 0.69	RNEIX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RNECX	0.80	(0.13)	0.00	(0.90)	0.00	1.26	(1.85)	3.86
RNEAX	0.79	(0.13)	0.00	(0.90)	0.00	1.23	(1.84)	3.96
RNEIX	0.81	(0.13)	0.00	(0.92)	0.00	1.34	(1.84)	3.96
RDMAX	0.65	(0.06)	0.00	(0.48)	0.00	1.07	(1.54)	4.19
RDMIX	0.65	(0.06)	0.00	(0.48)	0.00	1.05	(1.57)	4.24
RDMCX	0.65	(0.06)	0.00	(0.49)	0.00	1.06	(1.56)	4.17
RFXIX	0.06	0.00	2.02	0.00	(0.09)	0.11	(0.11)	0.33
RFXCX	0.06	0.01	2.06	(2.79)	(0.09)	0.11	(0.06)	0.39
RFXAX	0.06	0.02	1.98	(2.94)	(0.10)	0.17	(0.11)	0.39
HRSTX	0.04	0.00	1.74	0.16	(0.08)	0.06	(0.06)	0.30

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