Rational Strategic Correlations

Mutual Funds . USA . 
Fund . Rational Strategic Allocation
HBAFX Fund  USD 8.31  0.28  3.26%   
The current 90-days correlation between Rational Strategic and Rationalrgn Hedged Equity is -0.36 (i.e., Very good 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

Modest diversification

The correlation between Rational Strategic Allocation and DJI is 0.21 (i.e., Modest 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 Risk vs Return Analysis 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 price.

Moving together with Rational Mutual Fund

  0.92RDMIX Rational Dynamic MomentumPairCorr
  0.75RHSAX Rational StrategicPairCorr
  0.7HSUAX Rational Defensive GrowthPairCorr
  0.74HDCAX Rational Dividend CapturePairCorr
  0.73PBXIX Rationalpier 88 ConvPairCorr
  0.67PBXAX Rationalpier 88 ConvPairCorr
  0.75VWINX Vanguard Wellesley IncomePairCorr
  0.68VWIAX Vanguard Wellesley IncomePairCorr
  0.94BKMIX Blackrock Multi AssetPairCorr
  0.61HBLTX Hartford BalancedPairCorr
  0.73HBLRX Hartford BalancedPairCorr
  0.93HBLSX Hartford BalancedPairCorr
  0.73HBLVX Hartford BalancedPairCorr
  0.93HBLYX Hartford BalancedPairCorr
  0.81HBLCX Hartford BalancedPairCorr
  0.93HBLIX Hartford BalancedPairCorr
  0.78VTSAX Vanguard Total StockPairCorr
  0.85VFIAX Vanguard 500 IndexPairCorr
  0.84VTSMX Vanguard Total StockPairCorr
  0.78VSMPX Vanguard Total StockPairCorr
  0.78VSTSX Vanguard Total StockPairCorr
  0.84VITSX Vanguard Total StockPairCorr
  0.85VFINX Vanguard 500 IndexPairCorr
  0.79VFFSX Vanguard 500 IndexPairCorr
  0.8VGTSX Vanguard Total InterPairCorr
  0.8VTIAX Vanguard Total InterPairCorr
  0.94DBOZX Dreyfus Balanced OppPairCorr
  0.92MFWTX Mfs Global TotalPairCorr
  0.95VTROX Voya Target RetirementPairCorr
  0.94SNSAX Saat Defensive StrategyPairCorr
  0.85LYRBX Lyrical Value EquityPairCorr
  0.73BAFLX Brown Advisory GlobalPairCorr
  0.92IGIFX International Growth AndPairCorr
  0.87JSVQX Jpmorgan Small CapPairCorr
  0.92MAAGX Mfs Aggressive GrowthPairCorr
  0.62BGSIX Blackrock SciencePairCorr
  0.94TWMTX Transamerica GrowthPairCorr
  0.78NBGNX Neuberger Berman GenesisPairCorr
  0.88LCAOX Lazard Capital AllocatorPairCorr
  0.72TADGX T Rowe PricePairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RNECX  0.67  0.10 (0.06)(0.17) 0.78 
(0.74)
 1.70 
(1.27)
 4.17 
RNEAX  0.67  0.11 (0.05)(0.18) 0.76 
(0.77)
 1.60 
(1.36)
 4.16 
RNEIX  0.66  0.11 (0.05)(0.17) 0.78 
(0.72)
 1.60 
(1.26)
 4.15 
RDMAX  0.51  0.10 (0.04)(0.67) 0.45 
(0.60)
 1.25 
(0.78)
 3.42 
RDMIX  0.50  0.10 (0.04)(0.67) 0.43 
(0.56)
 1.23 
(0.77)
 3.38 
RDMCX  0.50  0.10 (0.05)(0.63) 0.45 
(0.61)
 1.25 
(0.76)
 3.41 
RFXIX  0.07  0.00 (0.51) 0.00  0.07 
(0.10)
 0.17 
(0.11)
 1.00 
RFXCX  0.06 (0.01)(0.52)(0.20) 0.09 
(0.11)
 0.11 
(0.11)
 0.89 
RFXAX  0.07  0.00 (0.63)(0.11) 0.03 
(0.10)
 0.17 
(0.11)
 0.89 
HRSTX  0.04  0.00 (0.64) 0.20  0.00 
(0.08)
 0.12 
(0.06)
 0.59 

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