Hanlon Tactical Correlations

HTDRX Fund

USD 13.27 0.12 0.91%

The current 90-days correlation between Hanlon Tactical Dividend and Hanlon Tactical Dividend is 1.0 (i.e., No risk reduction). 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 0.34 (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 metropolitan statistical area.

Moving together with Hanlon Mutual Fund

1.0	HTDAX	Hanlon Tactical Dividend	Pair Corr
1.0	HTDCX	Hanlon Tactical Dividend	Pair Corr
1.0	HTDIX	Hanlon Tactical Dividend	Pair Corr
0.95	ASG	Liberty All Star	Pair Corr
0.69	ETV	Eaton Vance Tax	Pair Corr
0.69	CLM	Cornerstone Strategic	Pair Corr
0.74	CRF	Cornerstone Strategic	Pair Corr
0.85	USA	Liberty All Star	Pair Corr
0.73	ETY	Eaton Vance Tax	Pair Corr
0.74	NFJ	Virtus Dividend Interest	Pair Corr
0.62	JMTNX	Janus Multi Sector	Pair Corr
0.76	FAGCX	Fidelity Advisor Growth	Pair Corr
0.66	DGDYX	Dreyfus Global Dynamic	Pair Corr
0.63	LWHIX	Western Asset Short	Pair Corr
0.84	HSUAX	Rational Defensive Growth	Pair Corr
0.91	FLAPX	Fidelity Flex Mid	Pair Corr
0.71	AHIFX	American High Income	Pair Corr

Related Correlations Analysis

	HTDRX	HTDAX	HTDCX	HTDIX	AOFYX	IEOHX	BXSL	LPXAX	FNCMX	SKCRX
HTDRX		1.0	1.0	1.0	0.91	0.73	0.3	0.59	0.74	-0.25	HTDRX
HTDAX	1.0		1.0	1.0	0.91	0.73	0.3	0.59	0.74	-0.25	HTDAX
HTDCX	1.0	1.0		1.0	0.9	0.72	0.28	0.57	0.72	-0.26	HTDCX
HTDIX	1.0	1.0	1.0		0.91	0.74	0.31	0.6	0.75	-0.25	HTDIX
AOFYX	0.91	0.91	0.9	0.91		0.78	0.44	0.63	0.78	-0.2	AOFYX
IEOHX	0.73	0.73	0.72	0.74	0.78		0.7	0.9	1.0	-0.04	IEOHX
BXSL	0.3	0.3	0.28	0.31	0.44	0.7		0.69	0.69	0.35	BXSL
LPXAX	0.59	0.59	0.57	0.6	0.63	0.9	0.69		0.88	0.12	LPXAX
FNCMX	0.74	0.74	0.72	0.75	0.78	1.0	0.69	0.88		-0.06	FNCMX
SKCRX	-0.25	-0.25	-0.26	-0.25	-0.2	-0.04	0.35	0.12	-0.06		SKCRX
	HTDRX	HTDAX	HTDCX	HTDIX	AOFYX	IEOHX	BXSL	LPXAX	FNCMX	SKCRX

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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

SKCRX	- 0.26	HTDCX
SKCRX	- 0.25	HTDIX
SKCRX	- 0.25	HTDAX
SKCRX	- 0.25	HTDRX
SKCRX	- 0.2	AOFYX
SKCRX	- 0.06	FNCMX

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
HTDRX	0.58	0.02	0.00	0.07	0.86	(0.58)	1.18	(1.28)	5.71
HTDAX	0.58	0.01	0.00	0.06	0.89	(0.55)	1.15	(1.25)	5.57
HTDCX	0.57	0.01	0.00	0.06	0.87	(0.56)	1.15	(1.27)	5.58
HTDIX	0.58	0.02	0.00	0.07	0.85	(0.58)	1.16	(1.26)	5.54
AOFYX	1.14	0.07	0.04	0.14	1.37	(1.19)	2.46	(2.21)	9.61
IEOHX	0.90	0.10	0.06	0.29	1.16	(0.87)	1.91	(2.16)	6.15
BXSL	0.76	0.16	0.15	0.61	0.71	(0.81)	1.43	(1.14)	4.08
LPXAX	0.06	0.00	(0.12)	0.27	0.00	(0.12)	0.11	(0.11)	0.42
FNCMX	0.84	0.08	0.06	0.28	1.11	(0.87)	1.77	(1.89)	6.53
SKCRX	0.51	0.04	0.03	(1.30)	0.56	(0.60)	1.21	(1.00)	2.81

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