Rational Dividend Correlations

Mutual Funds . USA . 
Fund . Rational Dividend Capture
HDCTX Fund  USD 10.26  0.11  1.08%   
The current 90-days correlation between Rational Dividend Capture and Jpmorgan Hedged Equity is 0.9 (i.e., Almost no 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

Very poor diversification

The correlation between Rational Dividend Capture and DJI is 0.89 (i.e., Very poor 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 estimate.

Moving together with Rational Mutual Fund

  0.96RNECX Rationalrgn Hedged EquityPairCorr
  0.96RNEAX Rationalrgn Hedged EquityPairCorr
  0.96RNEIX Rationalrgn Hedged EquityPairCorr
  0.77RDMAX Rational Dynamic MomentumPairCorr
  0.77RDMIX Rational Dynamic MomentumPairCorr
  0.76RDMCX Rational Dynamic MomentumPairCorr
  0.74RFXIX Rational Special SitPairCorr
  0.7RFXCX Rational Special SitPairCorr
  0.74RFXAX Rational Special SitPairCorr
  0.91HRSTX Rational Real StrategiesPairCorr
  0.92HRSAX Rational Real StrategiesPairCorr
  0.92HRSFX Rational Real StrategiesPairCorr
  0.94RHSAX Rational StrategicPairCorr
  0.94RHSIX Rational StrategicPairCorr
  0.94RHSCX Rational StrategicPairCorr
  0.97HSUAX Rational Defensive GrowthPairCorr
  0.96HSUCX Rational Defensive GrowthPairCorr
  0.94HBAFX Rational StrategicPairCorr
  0.97HSUTX Rational Defensive GrowthPairCorr
  1.0HDCAX Rational Dividend CapturePairCorr
  1.0HDCEX Rational Dividend CapturePairCorr
  0.88PBXIX Rationalpier 88 ConvPairCorr
  0.87PBXCX Rationalpier 88 ConvPairCorr
  0.88PBXAX Rationalpier 88 ConvPairCorr
  0.98JHQCX Jpmorgan Hedged EquityPairCorr
  0.98JHEQX Jpmorgan Hedged EquityPairCorr
  0.98JHQAX Jpmorgan Hedged EquityPairCorr
  0.98GTENX Gateway Fund ClassPairCorr
  0.98GTECX Gateway Fund ClassPairCorr
  0.98GTEYX Gateway Fund ClassPairCorr
  0.98GATEX Gateway Fund ClassPairCorr
  0.97JHDCX Jpmorgan Hedged EquityPairCorr
  0.97JHDRX Jpmorgan Hedged EquityPairCorr
  0.97JHDAX Jpmorgan Hedged EquityPairCorr
  0.8PFN Pimco Income StrategyPairCorr
  0.83CIF Mfs Intermediate HighPairCorr

Moving against Rational Mutual Fund

  0.38XNBHX Neuberger Berman IntPairCorr
  0.37XDSMX Dreyfus StrategicPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
JHQCX  0.54  0.02 (0.02) 0.14  0.85 
(0.53)
 1.19 
(1.35)
 7.28 
JHEQX  0.54  0.03 (0.01) 0.15  0.87 
(0.52)
 1.14 
(1.33)
 7.24 
JHQAX  0.54  0.03 (0.01) 0.15  0.88 
(0.54)
 1.18 
(1.31)
 7.29 
GTENX  0.55  0.02 (0.01) 0.14  0.95 
(0.52)
 1.02 
(1.41)
 8.38 
GTECX  0.55  0.02 (0.02) 0.13  0.95 
(0.52)
 1.01 
(1.43)
 8.41 
GTEYX  0.55  0.02 (0.01) 0.14  0.94 
(0.52)
 1.01 
(1.41)
 8.40 
GATEX  0.55  0.02 (0.01) 0.14  0.93 
(0.53)
 1.00 
(1.41)
 8.34 
JHDCX  0.33  0.02 (0.07) 0.16  0.49 
(0.35)
 0.73 
(0.74)
 4.29 
JHDRX  0.33  0.03 (0.06) 0.18  0.45 
(0.35)
 0.72 
(0.74)
 4.27 
JHDAX  0.33  0.02 (0.06) 0.17  0.48 
(0.35)
 0.67 
(0.74)
 4.28 

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