Rational Dividend Correlations

HDCTX Fund

USD 10.25 0.04 0.39%

The current 90-days correlation between Rational Dividend Capture and Alliancebernstein Global Highome is 0.54 (i.e., Very weak 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 -0.05 (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 estimate.

Moving together with Rational Mutual Fund

0.95	RNECX	Rationalrgn Hedged Equity	Pair Corr
0.98	RNEAX	Rationalrgn Hedged Equity	Pair Corr
0.98	RNEIX	Rationalrgn Hedged Equity	Pair Corr
0.91	RDMAX	Rational Dynamic Momentum	Pair Corr
0.91	RDMIX	Rational Dynamic Momentum	Pair Corr
0.87	RDMCX	Rational Dynamic Momentum	Pair Corr
0.89	RFXIX	Rational Special Sit	Pair Corr
0.88	RFXCX	Rational Special Sit	Pair Corr
0.89	RFXAX	Rational Special Sit	Pair Corr
0.92	HRSTX	Rational Real Strategies	Pair Corr
0.93	HRSAX	Rational Real Strategies	Pair Corr
0.92	HRSFX	Rational Real Strategies	Pair Corr
0.99	RHSAX	Rational Strategic	Pair Corr
0.99	RHSIX	Rational Strategic	Pair Corr
0.99	RHSCX	Rational Strategic	Pair Corr
0.97	HSUAX	Rational Defensive Growth	Pair Corr
0.97	HSUCX	Rational Defensive Growth	Pair Corr
0.97	HBAFX	Rational Strategic	Pair Corr
0.97	HSUTX	Rational Defensive Growth	Pair Corr
1.0	HDCAX	Rational Dividend Capture	Pair Corr
1.0	HDCEX	Rational Dividend Capture	Pair Corr
0.87	PBXIX	Rationalpier 88 Conv	Pair Corr
0.86	PBXCX	Rationalpier 88 Conv	Pair Corr
0.89	PBXAX	Rationalpier 88 Conv	Pair Corr
0.97	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.97	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.98	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.97	GTENX	Gateway Fund Class	Pair Corr
0.99	GTECX	Gateway Fund Class	Pair Corr
0.97	GTEYX	Gateway Fund Class	Pair Corr
0.99	GATEX	Gateway Fund Class	Pair Corr
0.97	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.97	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.97	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.97	SMPIX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.97	SMPSX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.81	EMO	Clearbridge Energy Mlp	Pair Corr
0.69	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.68	SPMPX	Invesco Steelpath Mlp	Pair Corr

Related Correlations Analysis

	XAWFX	CBSYX	SMYIX	ZGFIX	CNGLX	JGECX	MFIRX	RGELX
XAWFX		0.97	0.96	0.94	0.96	0.97	0.92	0.96	XAWFX
CBSYX	0.97		0.97	0.94	0.95	0.97	0.95	0.96	CBSYX
SMYIX	0.96	0.97		0.97	0.98	0.99	0.89	0.98	SMYIX
ZGFIX	0.94	0.94	0.97		0.98	0.98	0.86	0.98	ZGFIX
CNGLX	0.96	0.95	0.98	0.98		0.99	0.87	0.99	CNGLX
JGECX	0.97	0.97	0.99	0.98	0.99		0.9	0.99	JGECX
MFIRX	0.92	0.95	0.89	0.86	0.87	0.9		0.89	MFIRX
RGELX	0.96	0.96	0.98	0.98	0.99	0.99	0.89		RGELX
	XAWFX	CBSYX	SMYIX	ZGFIX	CNGLX	JGECX	MFIRX	RGELX

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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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
XAWFX	0.17	0.07	(0.22)	(1.09)	0.00	(0.22)	0.46	(0.36)	1.44
CBSYX	0.26	0.06	(0.08)	0.37	0.00	(0.32)	0.56	(0.56)	2.07
SMYIX	0.55	0.12	0.11	0.30	0.36	(0.65)	1.58	(1.04)	3.63
ZGFIX	0.54	0.17	0.04	(1.65)	0.47	(0.61)	1.43	(0.86)	3.92
CNGLX	0.59	0.17	0.02	(0.98)	0.53	(0.67)	1.60	(1.15)	4.00
JGECX	0.52	0.20	0.08	(2.83)	0.33	(0.58)	1.49	(1.04)	3.38
MFIRX	0.15	0.04	(0.40)	(2.30)	0.00	(0.25)	0.38	(0.19)	0.77
RGELX	0.57	0.24	0.10	(2.21)	0.42	(0.65)	1.85	(1.31)	3.72

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Rational Dividend Correlations

Rational Dividend Correlation With Market

Good diversification

Moving together with Rational Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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