Rational Real Correlations

HRSTX Fund

USD 17.30 0.02 0.12%

The correlation of Rational Real 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 Real Correlation With Market

Good diversification

The correlation between Rational Real Strategies and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rational Real Strategies 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 Real Strategies. 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 manufacturing.

Moving together with Rational Mutual Fund

0.76	RNECX	Rationalrgn Hedged Equity	Pair Corr
0.74	RNEAX	Rationalrgn Hedged Equity	Pair Corr
0.77	RNEIX	Rationalrgn Hedged Equity	Pair Corr
0.67	RDMIX	Rational Dynamic Momentum	Pair Corr
0.97	RFXIX	Rational Special Sit	Pair Corr
0.98	RFXCX	Rational Special Sit	Pair Corr
0.98	RFXAX	Rational Special Sit	Pair Corr
1.0	HRSAX	Rational Real Strategies	Pair Corr
0.98	HRSFX	Rational Real Strategies	Pair Corr
0.75	HDCAX	Rational Dividend Capture	Pair Corr
0.73	HDCEX	Rational Dividend Capture	Pair Corr
0.76	HDCTX	Rational Dividend Capture	Pair Corr
0.7	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.73	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.67	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.83	GTENX	Gateway Fund Class	Pair Corr
0.81	GTECX	Gateway Fund Class	Pair Corr
0.83	GTEYX	Gateway Fund Class	Pair Corr
0.83	GATEX	Gateway Fund Class	Pair Corr
0.71	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.76	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.69	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.91	CII	Blackrock Enhanced	Pair Corr
0.72	ETV	Eaton Vance Tax	Pair Corr

Moving against Rational Mutual Fund

0.79	HSUCX	Rational Defensive Growth	Pair Corr
0.76	HSUAX	Rational Defensive Growth	Pair Corr
0.76	HSUTX	Rational Defensive Growth	Pair Corr
0.71	USA	Liberty All Star	Pair Corr
0.59	ASG	Liberty All Star	Pair Corr

Related Correlations Analysis

	NWHTX	VITAX	RAGTX	PGKCX	CMTFX	ITYYX	TOWTX
NWHTX		0.83	0.72	0.67	0.7	0.89	0.65	NWHTX
VITAX	0.83		0.91	0.9	0.91	0.94	0.65	VITAX
RAGTX	0.72	0.91		0.98	0.98	0.84	0.53	RAGTX
PGKCX	0.67	0.9	0.98		0.99	0.8	0.45	PGKCX
CMTFX	0.7	0.91	0.98	0.99		0.82	0.53	CMTFX
ITYYX	0.89	0.94	0.84	0.8	0.82		0.75	ITYYX
TOWTX	0.65	0.65	0.53	0.45	0.53	0.75		TOWTX
	NWHTX	VITAX	RAGTX	PGKCX	CMTFX	ITYYX	TOWTX

Risk-Adjusted Indicators

There is a big difference between Rational Mutual Fund performing well and Rational Real 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 Real'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
NWHTX	0.97	(0.01)	0.00	0.06	1.47	(0.91)	1.97	(2.51)	6.17
VITAX	0.93	0.07	0.05	0.12	1.48	(0.89)	1.84	(2.72)	5.95
RAGTX	1.03	0.15	0.05	1.46	1.48	(0.97)	2.23	(2.90)	6.27
PGKCX	0.95	0.13	0.05	1.78	1.31	(0.94)	2.08	(2.65)	6.20
CMTFX	0.94	0.14	0.05	1.79	1.34	(0.91)	1.87	(2.57)	5.72
ITYYX	1.31	0.06	0.04	0.11	1.88	(1.28)	2.69	(3.75)	7.56
TOWTX	0.68	0.01	0.01	0.08	0.88	(0.68)	1.59	(1.33)	4.32

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