Rational Special Correlations

RFXCX Fund

USD 18.12 0.01 0.06%

The current 90-days correlation between Rational Special Sit and Franklin Federal Limited Term is 0.18 (i.e., Average 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

Average diversification

The correlation between Rational Special Situations and DJI is 0.1 (i.e., Average 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

1.0	RFXIX	Rational Special Sit	Pair Corr
1.0	RFXAX	Rational Special Sit	Pair Corr
0.88	HRSTX	Rational Real Strategies	Pair Corr
0.88	HRSAX	Rational Real Strategies	Pair Corr
0.87	HRSFX	Rational Real Strategies	Pair Corr
0.83	HSUAX	Rational Defensive Growth	Pair Corr
0.83	HSUCX	Rational Defensive Growth	Pair Corr
0.86	HSUTX	Rational Defensive Growth	Pair Corr
0.82	IGOAX	Rational Inflation Growth	Pair Corr
0.81	IGOCX	Rational Inflation Growth	Pair Corr
0.82	IGOIX	Rational Inflation Growth	Pair Corr
0.71	HDCAX	Rational Dividend Capture	Pair Corr
0.74	HDCEX	Rational Dividend Capture	Pair Corr
0.75	HDCTX	Rational Dividend Capture	Pair Corr
0.85	PBXIX	Rationalpier 88 Conv	Pair Corr
0.84	PBXCX	Rationalpier 88 Conv	Pair Corr
0.85	PBXAX	Rationalpier 88 Conv	Pair Corr
0.61	LBNDX	Lord Abbett Bond	Pair Corr

Moving against Rational Mutual Fund

0.41	HLDRX	Hartford Emerging	Pair Corr
0.4	HLDIX	Hartford Emerging	Pair Corr

Related Correlations Analysis

	FTFZX	JSNIX	QLENX	RSDIX	LCSAX	GTLSX	OWSBX
FTFZX		0.93	0.35	0.88	-0.26	0.27	0.72	FTFZX
JSNIX	0.93		0.22	0.97	-0.14	0.14	0.85	JSNIX
QLENX	0.35	0.22		0.13	-0.81	0.88	-0.12	QLENX
RSDIX	0.88	0.97	0.13		-0.05	0.04	0.89	RSDIX
LCSAX	-0.26	-0.14	-0.81	-0.05		-0.65	0.26	LCSAX
GTLSX	0.27	0.14	0.88	0.04	-0.65		-0.22	GTLSX
OWSBX	0.72	0.85	-0.12	0.89	0.26	-0.22		OWSBX
	FTFZX	JSNIX	QLENX	RSDIX	LCSAX	GTLSX	OWSBX

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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

RSDIX	+ 0.97	JSNIX
JSNIX	+ 0.93	FTFZX
OWSBX	+ 0.89	RSDIX
RSDIX	+ 0.88	FTFZX
GTLSX	+ 0.88	QLENX
OWSBX	+ 0.85	JSNIX

High negative correlations

LCSAX	- 0.81	QLENX
GTLSX	- 0.65	LCSAX
LCSAX	- 0.26	FTFZX
OWSBX	- 0.22	GTLSX
LCSAX	- 0.14	JSNIX
OWSBX	- 0.12	QLENX

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
FTFZX	0.07	0.00	(0.45)	0.44	0.00	(0.13)	0.19	(0.10)	0.68
JSNIX	0.09	0.00	(0.59)	0.60	0.00	(0.16)	0.22	(0.11)	0.64
QLENX	0.32	0.09	(0.01)	(1.69)	0.20	(0.39)	0.76	(0.57)	2.17
RSDIX	0.09	0.00	(0.56)	0.00	0.00	(0.15)	0.21	(0.10)	0.72
LCSAX	0.26	(0.07)	0.00	(8.65)	0.00	0.00	0.42	(0.54)	1.79
GTLSX	0.31	0.05	(0.09)	3.62	0.22	(0.37)	0.71	(0.50)	2.57
OWSBX	0.09	0.00	(0.63)	(0.10)	0.00	(0.12)	0.20	(0.20)	0.49

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