Hanlon Tactical Correlations

HTDIX Fund  USD 13.80  0.14  1.02%   
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 weak diversification

The correlation between Hanlon Tactical Dividend and DJI is 0.5 (i.e., Very 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

  1.0HTDRX Hanlon Tactical DividendPairCorr
  1.0HTDAX Hanlon Tactical DividendPairCorr
  1.0HTDCX Hanlon Tactical DividendPairCorr
  0.89PAALX All Asset FundPairCorr
  0.89PATRX Pimco All AssetPairCorr
  0.89PAAIX All Asset FundPairCorr
  0.89PALPX Pimco All AssetPairCorr
  0.89PASAX All Asset FundPairCorr
  0.88PASCX All Asset FundPairCorr
  0.88PAANX Pimco All AssetPairCorr
  0.86PAUPX Pimco All AssetPairCorr
  0.86PAUIX Pimco All AssetPairCorr
  0.86ABRIX Invesco Balanced RiskPairCorr
  0.62FSMMX Fs Multi StrategyPairCorr
  0.81BTMPX Ishares Msci EafePairCorr
  0.8BTMKX Blackrock InternationalPairCorr
  0.81MDIIX Blackrock Intern IndexPairCorr
  0.74PELBX Pimco Emerging LocalPairCorr
  0.97ISJAX Voya Index SolutionPairCorr
  0.88QRDTX Quantified RisingPairCorr
  0.96IISSX Voya Index SolutionPairCorr
  0.67BSIIX Blackrock StrategicPairCorr
  0.69NMCO Nuveen Municipal CreditPairCorr
  0.62RITHX American High IncomePairCorr
  0.63HWDYX Hartford WorldPairCorr
  0.61UIHIX High Income FundPairCorr
  0.97FSNZX Fidelity Freedom 2045PairCorr
  0.62TFGPX American Beacon TwenPairCorr
  0.93WMBGX Wealthbuilder ModeratePairCorr

Related Correlations Analysis

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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   
QCMMIXELMXX
SMAAXELMXX
PBMXXELMXX
STPXXELMXX
AEYXXELMXX
PBMXXQCMMIX
  
High negative correlations   
SMAAXQCMMIX
AEYXXSTPXX
AEYXXPBMXX
STPXXPBMXX
AEYXXSMAAX
STPXXSMAAX

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.