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

  0.95RNECX Rationalrgn Hedged EquityPairCorr
  0.98RNEAX Rationalrgn Hedged EquityPairCorr
  0.98RNEIX Rationalrgn Hedged EquityPairCorr
  0.91RDMAX Rational Dynamic MomentumPairCorr
  0.91RDMIX Rational Dynamic MomentumPairCorr
  0.87RDMCX Rational Dynamic MomentumPairCorr
  0.89RFXIX Rational Special SitPairCorr
  0.88RFXCX Rational Special SitPairCorr
  0.89RFXAX Rational Special SitPairCorr
  0.92HRSTX Rational Real StrategiesPairCorr
  0.93HRSAX Rational Real StrategiesPairCorr
  0.92HRSFX Rational Real StrategiesPairCorr
  0.99RHSAX Rational StrategicPairCorr
  0.99RHSIX Rational StrategicPairCorr
  0.99RHSCX Rational StrategicPairCorr
  0.97HSUAX Rational Defensive GrowthPairCorr
  0.97HSUCX Rational Defensive GrowthPairCorr
  0.97HBAFX Rational StrategicPairCorr
  0.97HSUTX Rational Defensive GrowthPairCorr
  1.0HDCAX Rational Dividend CapturePairCorr
  1.0HDCEX Rational Dividend CapturePairCorr
  0.87PBXIX Rationalpier 88 ConvPairCorr
  0.86PBXCX Rationalpier 88 ConvPairCorr
  0.89PBXAX Rationalpier 88 ConvPairCorr
  0.97JHQCX Jpmorgan Hedged EquityPairCorr
  0.97JHEQX Jpmorgan Hedged EquityPairCorr
  0.98JHQAX Jpmorgan Hedged EquityPairCorr
  0.97GTENX Gateway Fund ClassPairCorr
  0.99GTECX Gateway Fund ClassPairCorr
  0.97GTEYX Gateway Fund ClassPairCorr
  0.99GATEX Gateway Fund ClassPairCorr
  0.97JHDCX Jpmorgan Hedged EquityPairCorr
  0.97JHDRX Jpmorgan Hedged EquityPairCorr
  0.97JHDAX Jpmorgan Hedged EquityPairCorr
  0.97SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.97SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.81EMO Clearbridge Energy MlpPairCorr
  0.69OSPPX Oppenheimer Steelpath MlpPairCorr
  0.68SPMPX Invesco Steelpath MlpPairCorr

Related Correlations Analysis

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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.