Rational Strategic Correlations

RHSCX Fund

USD 8.84 0.06 0.67%

The current 90-days correlation between Rational Strategic and Rational Dynamic Momentum is 0.22 (i.e., Modest diversification). The correlation of Rational Strategic 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 Strategic Correlation With Market

Weak diversification

The correlation between Rational Strategic Allocation and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rational Strategic Allocation 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 Strategic Allocation. 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

0.62	HRSTX	Rational Real Strategies	Pair Corr
0.8	RHSAX	Rational Strategic	Pair Corr
1.0	RHSIX	Rational Strategic	Pair Corr
0.63	HDCAX	Rational Dividend Capture	Pair Corr
0.66	HDCEX	Rational Dividend Capture	Pair Corr
0.75	PBXIX	Rationalpier 88 Conv	Pair Corr
0.79	PBXAX	Rationalpier 88 Conv	Pair Corr
0.79	VWINX	Vanguard Wellesley Income	Pair Corr
0.65	VWIAX	Vanguard Wellesley Income	Pair Corr
0.79	BKMIX	Blackrock Multi Asset	Pair Corr
0.61	HBLSX	Hartford Balanced	Pair Corr
0.61	HBLYX	Hartford Balanced	Pair Corr
0.72	PRCOX	T Rowe Price	Pair Corr
0.91	JQLBX	Multimanager Lifestyle	Pair Corr

Moving against Rational Mutual Fund

0.38	XGEIX	Guggenheim Energy Income	Pair Corr
0.33	RYMEX	Commodities Strategy	Pair Corr
0.33	RYMJX	Commodities Strategy	Pair Corr

Related Correlations Analysis

	RDMAX	RDMIX	RFXIX	RFXCX	RFXAX	HRSTX	HRSAX	HRSFX	RHSAX	RHSIX
RDMAX		1.0	0.51	0.52	0.49	0.57	0.53	0.44	0.4	0.47	RDMAX
RDMIX	1.0		0.52	0.54	0.51	0.56	0.51	0.43	0.4	0.46	RDMIX
RFXIX	0.51	0.52		1.0	0.99	0.13	0.03	-0.1	0.14	0.16	RFXIX
RFXCX	0.52	0.54	1.0		0.98	0.17	0.07	-0.05	0.17	0.2	RFXCX
RFXAX	0.49	0.51	0.99	0.98		0.13	0.01	-0.1	0.14	0.17	RFXAX
HRSTX	0.57	0.56	0.13	0.17	0.13		0.82	0.96	0.57	0.61	HRSTX
HRSAX	0.53	0.51	0.03	0.07	0.01	0.82		0.83	0.42	0.59	HRSAX
HRSFX	0.44	0.43	-0.1	-0.05	-0.1	0.96	0.83		0.56	0.59	HRSFX
RHSAX	0.4	0.4	0.14	0.17	0.14	0.57	0.42	0.56		0.8	RHSAX
RHSIX	0.47	0.46	0.16	0.2	0.17	0.61	0.59	0.59	0.8		RHSIX
	RDMAX	RDMIX	RFXIX	RFXCX	RFXAX	HRSTX	HRSAX	HRSFX	RHSAX	RHSIX

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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

RDMIX	+ 1.0	RDMAX
RFXCX	+ 1.0	RFXIX
RFXAX	+ 0.99	RFXIX
RFXAX	+ 0.98	RFXCX
HRSFX	+ 0.96	HRSTX
HRSFX	+ 0.83	HRSAX

High negative correlations

HRSFX	- 0.1	RFXAX
HRSFX	- 0.1	RFXIX
HRSFX	- 0.05	RFXCX

Risk-Adjusted Indicators

There is a big difference between Rational Mutual Fund performing well and Rational Strategic 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 Strategic'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
RDMAX	0.53	0.02	(0.06)	0.31	0.70	(0.62)	1.07	(0.89)	3.98
RDMIX	0.53	0.02	(0.06)	0.37	0.73	(0.57)	1.05	(0.93)	3.94
RFXIX	0.06	0.02	(0.72)	1.32	0.00	(0.09)	0.11	(0.11)	0.45
RFXCX	0.06	0.01	(0.95)	1.59	0.00	(0.09)	0.11	(0.06)	0.45
RFXAX	0.06	0.01	(0.79)	1.66	0.00	(0.10)	0.17	(0.06)	0.45
HRSTX	0.05	(0.01)	(0.24)	(2.25)	0.12	(0.10)	0.12	(0.06)	0.83
HRSAX	0.05	(0.01)	(0.20)	(0.18)	0.12	(0.10)	0.12	(0.06)	0.95
HRSFX	0.05	(0.01)	0.00	1.39	0.00	0.00	0.06	(0.06)	0.80
RHSAX	1.15	0.02	(0.03)	(2.02)	1.83	(1.15)	2.22	(3.23)	9.80
RHSIX	1.15	(0.01)	(0.02)	0.05	1.83	(1.07)	2.23	(2.98)	9.65

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