Rational Dividend Correlations

HDCAX Fund

USD 10.94 0.02 0.18%

The current 90-days correlation between Rational Dividend Capture and Redwood Managed Municipal is 0.04 (i.e., Significant diversification). The correlation of Rational Dividend 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 Dividend Correlation With Market

Good diversification

The correlation between Rational Dividend Capture and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rational Dividend Capture 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 Dividend Capture. 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 nation.

Moving together with Rational Mutual Fund

0.78	RDMAX	Rational Dynamic Momentum	Pair Corr
0.63	RHSAX	Rational Strategic	Pair Corr
0.7	ABHYX	High Yield Municipal	Pair Corr
0.69	FRBRX	Franklin Biotechnology	Pair Corr
0.71	MKCMX	Blackrock California	Pair Corr
0.75	TFBCX	American Beacon Twen	Pair Corr
0.79	FGWMX	Fidelity New Markets	Pair Corr
0.79	TNIBX	T Rowe Price	Pair Corr

Moving against Rational Mutual Fund

0.5

HSUAX

Rational Defensive Growth

Pair Corr

Related Correlations Analysis

	RWMIX	PBCAX	SSAGX	TIMTX	AMHIX	HMKCX	PCMNX
RWMIX		0.95	0.72	0.97	0.97	0.98	0.96	RWMIX
PBCAX	0.95		0.86	0.99	0.98	0.98	0.98	PBCAX
SSAGX	0.72	0.86		0.85	0.82	0.76	0.85	SSAGX
TIMTX	0.97	0.99	0.85		0.99	0.98	0.99	TIMTX
AMHIX	0.97	0.98	0.82	0.99		0.98	0.98	AMHIX
HMKCX	0.98	0.98	0.76	0.98	0.98		0.96	HMKCX
PCMNX	0.96	0.98	0.85	0.99	0.98	0.96		PCMNX
	RWMIX	PBCAX	SSAGX	TIMTX	AMHIX	HMKCX	PCMNX

Risk-Adjusted Indicators

There is a big difference between Rational Mutual Fund performing well and Rational Dividend 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 Dividend'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RWMIX	0.10	0.02	(0.25)	0.65	(0.14)	0.23	(0.15)	0.84
PBCAX	0.08	0.02	(0.36)	2.62	(0.15)	0.20	(0.10)	0.51
SSAGX	0.05	0.01	0.00	(0.66)	0.00	0.10	(0.10)	0.51
TIMTX	0.09	0.02	(0.24)	1.41	(0.14)	0.28	(0.09)	0.76
AMHIX	0.12	0.03	(0.17)	2.09	(0.19)	0.40	(0.20)	0.80
HMKCX	0.10	0.03	(0.24)	(2.91)	(0.16)	0.30	(0.10)	0.71
PCMNX	0.07	0.02	(0.32)	1.54	(0.11)	0.16	(0.08)	0.49

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