Rational Special Correlations

RFXCX Fund

USD 17.91 0.06 0.33%

The current 90-days correlation between Rational Special Sit and Rationalrgn Hedged Equity is -0.05 (i.e., Good diversification). The correlation of Rational Special 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 Special Correlation With Market

Very good diversification

The correlation between Rational Special Situations and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rational Special Situations 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 Special Situations. 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

0.95	RFXIX	Rational Special Sit	Pair Corr
0.99	RFXAX	Rational Special Sit	Pair Corr
0.61	HRSFX	Rational Real Strategies	Pair Corr
0.88	PONAX	Pimco Income	Pair Corr
0.89	PONCX	Pimco Income	Pair Corr
0.89	PIPNX	Pimco Income	Pair Corr
0.89	PONRX	Pimco Income	Pair Corr
0.89	PONPX	Pimco Incme Fund	Pair Corr
0.88	PIINX	Pimco Income	Pair Corr
0.89	PIMIX	Pimco Income	Pair Corr

Moving against Rational Mutual Fund

0.6	HSUAX	Rational Defensive Growth	Pair Corr
0.54	HSUCX	Rational Defensive Growth	Pair Corr
0.54	HSUTX	Rational Defensive Growth	Pair Corr
0.48	HDCAX	Rational Dividend Capture	Pair Corr
0.48	HDCEX	Rational Dividend Capture	Pair Corr
0.47	HDCTX	Rational Dividend Capture	Pair Corr
0.35	RNEIX	Rationalrgn Hedged Equity	Pair Corr
0.35	RHSIX	Rational Strategic	Pair Corr
0.34	RNEAX	Rationalrgn Hedged Equity	Pair Corr
0.48	SPGSX	State Street Premier	Pair Corr

Related Correlations Analysis

	RNECX	RNEAX	RNEIX	RDMAX	RDMIX	RDMCX	RFXIX	RFXCX	RFXAX	HRSTX
RNECX		0.93	0.93	0.92	0.93	0.92	-0.48	-0.29	-0.39	-0.82	RNECX
RNEAX	0.93		1.0	0.93	0.94	0.93	-0.54	-0.34	-0.43	-0.79	RNEAX
RNEIX	0.93	1.0		0.93	0.94	0.93	-0.54	-0.35	-0.43	-0.79	RNEIX
RDMAX	0.92	0.93	0.93		0.98	1.0	-0.42	-0.22	-0.33	-0.81	RDMAX
RDMIX	0.93	0.94	0.94	0.98		0.98	-0.38	-0.18	-0.28	-0.81	RDMIX
RDMCX	0.92	0.93	0.93	1.0	0.98		-0.42	-0.23	-0.33	-0.81	RDMCX
RFXIX	-0.48	-0.54	-0.54	-0.42	-0.38	-0.42		0.95	0.97	0.68	RFXIX
RFXCX	-0.29	-0.34	-0.35	-0.22	-0.18	-0.23	0.95		0.99	0.53	RFXCX
RFXAX	-0.39	-0.43	-0.43	-0.33	-0.28	-0.33	0.97	0.99		0.62	RFXAX
HRSTX	-0.82	-0.79	-0.79	-0.81	-0.81	-0.81	0.68	0.53	0.62		HRSTX
	RNECX	RNEAX	RNEIX	RDMAX	RDMIX	RDMCX	RFXIX	RFXCX	RFXAX	HRSTX

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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

RNEIX	+ 1.0	RNEAX
RDMCX	+ 1.0	RDMAX
RFXAX	+ 0.99	RFXCX
RDMIX	+ 0.98	RDMAX
RDMCX	+ 0.98	RDMIX
RFXAX	+ 0.97	RFXIX

High negative correlations

HRSTX	- 0.82	RNECX
HRSTX	- 0.81	RDMCX
HRSTX	- 0.81	RDMIX
HRSTX	- 0.81	RDMAX
HRSTX	- 0.79	RNEIX
HRSTX	- 0.79	RNEAX

Risk-Adjusted Indicators

There is a big difference between Rational Mutual Fund performing well and Rational Special 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 Special'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
RNECX	1.23	(0.10)	0.00	(0.66)	0.00	0.00	2.54	(2.22)	15.47
RNEAX	1.22	(0.15)	0.00	0.95	0.00	0.00	2.65	(2.29)	15.43
RNEIX	1.22	(0.14)	0.00	0.95	0.00	0.00	2.54	(2.22)	15.41
RDMAX	0.82	(0.08)	0.00	(0.26)	0.00	0.00	1.13	(1.82)	5.63
RDMIX	0.82	(0.15)	0.00	(2.49)	0.00	0.00	1.17	(1.84)	5.67
RDMCX	0.81	(0.08)	0.00	(0.27)	0.00	0.00	1.13	(1.80)	5.61
RFXIX	0.08	0.00	0.96	0.00	0.00	(0.09)	0.11	(0.17)	0.61
RFXCX	0.08	(0.01)	0.84	0.21	0.08	(0.09)	0.17	(0.17)	0.56
RFXAX	0.08	0.00	0.85	0.07	0.07	(0.09)	0.17	(0.17)	0.56
HRSTX	0.04	0.00	1.42	0.00	0.00	(0.08)	0.12	(0.06)	0.30

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