Hanlon Tactical Correlations

HTDCX Fund

USD 12.81 0.04 0.31%

The current 90-days correlation between Hanlon Tactical Dividend and Ab Bond Inflation is 0.07 (i.e., Significant diversification). The correlation of Hanlon Tactical 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.

Hanlon Tactical Correlation With Market

Very poor diversification

The correlation between Hanlon Tactical Dividend and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hanlon Tactical Dividend 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 Hanlon Tactical Dividend. 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 Hanlon Mutual Fund

1.0	HTDRX	Hanlon Tactical Dividend	Pair Corr
1.0	HTDAX	Hanlon Tactical Dividend	Pair Corr
1.0	HTDIX	Hanlon Tactical Dividend	Pair Corr
0.73	KNGYX	Cboe Vest Sp	Pair Corr
1.0	ASTZX	Astor Long/short	Pair Corr
1.0	HSTIX	Stock Index Fund	Pair Corr
0.97	FCNKX	Fidelity Trafund Class	Pair Corr
0.86	JRBFX	Regional Bank	Pair Corr
0.98	ARTMX	Artisan Mid Cap	Pair Corr
0.78	SEIYX	Simt High Yield	Pair Corr
0.98	USA	Liberty All Star	Pair Corr
0.99	THPGX	Thompson Largecap	Pair Corr
0.77	AOUIX	Angel Oak Ultrashort	Pair Corr
0.97	THLCX	Thrivent Large Cap	Pair Corr
0.79	SGPGX	Sgi Prudent Growth	Pair Corr
0.88	ACOAX	Strategic Allocation:	Pair Corr

Moving against Hanlon Mutual Fund

0.7	GPBFX	Gmo E Plus	Pair Corr
0.59	GAAGX	Gmo Alternative Allo	Pair Corr
0.58	GAAKX	Gmo Alternative Allo	Pair Corr
0.51	PAUPX	Pimco All Asset	Pair Corr
0.49	PAUIX	Pimco All Asset	Pair Corr
0.48	GPMFX	Guidepath Managed Futures	Pair Corr
0.38	PQTAX	Pimco Trends Managed	Pair Corr
0.34	PQTNX	Pimco Trends Managed	Pair Corr
0.34	PQTIX	Aa Pimco Tr	Pair Corr

Related Correlations Analysis

	ABNOX	HIPSX	ABNTX	GSCFX	AUNCX	BPRIX	FIBLX
ABNOX		0.94	1.0	0.9	0.27	0.93	0.93	ABNOX
HIPSX	0.94		0.94	0.99	0.14	0.95	0.99	HIPSX
ABNTX	1.0	0.94		0.9	0.26	0.93	0.93	ABNTX
GSCFX	0.9	0.99	0.9		0.05	0.96	0.98	GSCFX
AUNCX	0.27	0.14	0.26	0.05		0.04	0.15	AUNCX
BPRIX	0.93	0.95	0.93	0.96	0.04		0.94	BPRIX
FIBLX	0.93	0.99	0.93	0.98	0.15	0.94		FIBLX
	ABNOX	HIPSX	ABNTX	GSCFX	AUNCX	BPRIX	FIBLX

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Risk-Adjusted Indicators

There is a big difference between Hanlon Mutual Fund performing well and Hanlon Tactical 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 Hanlon Tactical'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
ABNOX	0.14	(0.01)	0.00	(0.42)	0.00	0.00	0.20	(0.30)	0.88
HIPSX	0.16	(0.03)	0.00	(0.36)	0.00	0.00	0.30	(0.39)	0.98
ABNTX	0.14	(0.01)	(0.49)	(0.75)	0.19	(0.17)	0.29	(0.30)	0.88
GSCFX	0.21	(0.03)	0.00	(0.86)	0.00	0.00	0.33	(0.55)	1.30
AUNCX	0.10	0.00	(0.53)	0.03	0.09	(0.15)	0.19	(0.18)	0.93
BPRIX	0.21	(0.02)	0.00	(2.59)	0.00	0.00	0.40	(0.51)	1.11
FIBLX	0.20	(0.02)	0.00	(0.41)	0.00	0.00	0.32	(0.43)	1.26

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