Hanlon Tactical Correlations

HTDIX Fund

USD 13.62 0.07 0.51%

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

Weak diversification

The correlation between Hanlon Tactical Dividend and DJI is 0.38 (i.e., Weak 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 gross domestic product.

Moving together with Hanlon Mutual Fund

1.0	HTDRX	Hanlon Tactical Dividend	Pair Corr
1.0	HTDAX	Hanlon Tactical Dividend	Pair Corr
1.0	HTDCX	Hanlon Tactical Dividend	Pair Corr
0.67	PAALX	All Asset Fund	Pair Corr
0.66	PATRX	Pimco All Asset	Pair Corr
0.68	PAAIX	All Asset Fund	Pair Corr
0.68	PALPX	Pimco All Asset	Pair Corr
0.66	PASAX	All Asset Fund	Pair Corr
0.64	PASCX	All Asset Fund	Pair Corr
0.67	PAANX	Pimco All Asset	Pair Corr
0.97	HMXAX	Alphacentric Hedged	Pair Corr
0.89	ASCYX	Alger Funds	Pair Corr
0.84	WABIX	Wells Fargo Advantage	Pair Corr
0.67	RA	Brookfield Real Assets	Pair Corr
0.85	QVGIX	Oppenheimer Gbl Alloc	Pair Corr
0.97	VFINX	Vanguard 500 Index	Pair Corr
0.94	MLMSX	Global E Portfolio	Pair Corr
0.76	RBENX	American Funds 2060	Pair Corr
0.97	VFIAX	Vanguard 500 Index	Pair Corr
0.93	FLRDX	Franklin Lifesmart	Pair Corr
0.72	HCKIX	Hartford Checks	Pair Corr
0.79	JRLKX	Multi Index 2015	Pair Corr
0.68	AMLPX	Maingate Mlp	Pair Corr

Moving against Hanlon Mutual Fund

0.36

Korea Closed

Pair Corr

Related Correlations Analysis

	HANAX	HANCX	HANIX	HANRX	HTDRX	HTDAX	HTDCX	HTDIX
HANAX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HANAX
HANCX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HANCX
HANIX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	HANIX
HANRX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	HANRX
HTDRX	0.0	0.0	0.0	0.0		1.0	1.0	1.0	HTDRX
HTDAX	0.0	0.0	0.0	0.0	1.0		1.0	1.0	HTDAX
HTDCX	0.0	0.0	0.0	0.0	1.0	1.0		1.0	HTDCX
HTDIX	0.0	0.0	0.0	0.0	1.0	1.0	1.0		HTDIX
	HANAX	HANCX	HANIX	HANRX	HTDRX	HTDAX	HTDCX	HTDIX

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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

HTDAX	+ 1.0	HTDRX
HTDCX	+ 1.0	HTDRX
HTDIX	+ 1.0	HTDRX
HTDCX	+ 1.0	HTDAX
HTDIX	+ 1.0	HTDAX
HTDIX	+ 1.0	HTDCX

High negative correlations

HTDIX	- 0.0	HANRX
HTDCX	- 0.0	HANRX
HTDAX	- 0.0	HANRX
HTDRX	- 0.0	HANRX
HTDIX	- 0.0	HANIX
HTDCX	- 0.0	HANIX

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
HANAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HANCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HANIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HANRX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HTDRX	0.60	0.02	(0.03)	0.15	0.87	(0.60)	1.18	(1.28)	5.71
HTDAX	0.59	0.02	(0.03)	0.15	0.90	(0.57)	1.15	(1.25)	5.57
HTDCX	0.59	0.02	(0.03)	0.15	0.89	(0.58)	1.15	(1.27)	5.58
HTDIX	0.60	0.03	(0.03)	0.16	0.86	(0.60)	1.16	(1.26)	5.54

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