Rational Strategic Correlations

HBAFX Fund

USD 7.51 0.02 0.27%

The current 90-days correlation between Rational Strategic and Quantitative Longshort Equity is 0.87 (i.e., Very poor diversification). The correlation of Rational Strategic 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 Strategic Correlation With Market

Good diversification

The correlation between Rational Strategic Allocation and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rational Strategic Allocation 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 Strategic Allocation. 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 census.

Moving together with Rational Mutual Fund

0.82	RNECX	Rationalrgn Hedged Equity	Pair Corr
0.82	RNEAX	Rationalrgn Hedged Equity	Pair Corr
0.81	RNEIX	Rationalrgn Hedged Equity	Pair Corr
0.88	RDMAX	Rational Dynamic Momentum	Pair Corr
0.88	RDMIX	Rational Dynamic Momentum	Pair Corr
0.88	RDMCX	Rational Dynamic Momentum	Pair Corr
0.7	RFXIX	Rational Special Sit	Pair Corr
0.71	RFXCX	Rational Special Sit	Pair Corr
0.69	RFXAX	Rational Special Sit	Pair Corr
1.0	RHSAX	Rational Strategic	Pair Corr
0.91	RHSIX	Rational Strategic	Pair Corr
0.92	RHSCX	Rational Strategic	Pair Corr
0.63	HSUAX	Rational Defensive Growth	Pair Corr
0.61	HDCEX	Rational Dividend Capture	Pair Corr
0.71	HDCTX	Rational Dividend Capture	Pair Corr
0.82	PBXIX	Rationalpier 88 Conv	Pair Corr
0.83	PBXCX	Rationalpier 88 Conv	Pair Corr
0.82	PBXAX	Rationalpier 88 Conv	Pair Corr
0.84	VWINX	Vanguard Wellesley Income	Pair Corr
0.84	VWIAX	Vanguard Wellesley Income	Pair Corr
0.72	BKMIX	Blackrock Multi Asset	Pair Corr
0.92	HBLTX	Hartford Balanced	Pair Corr
0.87	HBLRX	Hartford Balanced	Pair Corr
0.87	HBLSX	Hartford Balanced	Pair Corr
0.86	HBLVX	Hartford Balanced	Pair Corr
0.86	HBLYX	Hartford Balanced	Pair Corr
0.87	HBLCX	Hartford Balanced	Pair Corr
0.92	HBLIX	Hartford Balanced	Pair Corr
0.91	PFN	Pimco Income Strategy	Pair Corr
0.7	CIF	Mfs Intermediate High	Pair Corr
0.71	NXJ	Nuveen New Jersey	Pair Corr

Related Correlations Analysis

	GTLSX	DODFX	LMEAX	CIESX	GRSPX	QLENX	PWITX	SEHAX
GTLSX		0.9	0.89	0.87	0.96	0.95	0.87	0.9	GTLSX
DODFX	0.9		0.97	0.98	0.95	0.92	0.92	0.92	DODFX
LMEAX	0.89	0.97		0.98	0.91	0.94	0.96	0.88	LMEAX
CIESX	0.87	0.98	0.98		0.93	0.89	0.93	0.89	CIESX
GRSPX	0.96	0.95	0.91	0.93		0.92	0.87	0.92	GRSPX
QLENX	0.95	0.92	0.94	0.89	0.92		0.91	0.88	QLENX
PWITX	0.87	0.92	0.96	0.93	0.87	0.91		0.91	PWITX
SEHAX	0.9	0.92	0.88	0.89	0.92	0.88	0.91		SEHAX
	GTLSX	DODFX	LMEAX	CIESX	GRSPX	QLENX	PWITX	SEHAX

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Risk-Adjusted Indicators

There is a big difference between Rational Mutual Fund performing well and Rational Strategic 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 Strategic'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
GTLSX	0.46	0.05	0.06	2.66	0.63	(0.50)	1.14	(0.68)	4.48
DODFX	0.84	0.12	0.07	(12.64)	1.37	(0.79)	1.81	(2.04)	7.93
LMEAX	0.86	0.12	0.06	(4.34)	1.47	(0.83)	1.67	(1.89)	8.37
CIESX	0.88	0.07	0.04	(2.52)	1.50	(0.86)	1.68	(1.61)	7.76
GRSPX	1.12	0.10	0.05	(1.45)	1.56	(1.19)	2.09	(2.26)	10.61
QLENX	0.53	0.10	0.08	1.23	1.00	(0.52)	0.92	(0.88)	5.33
PWITX	0.77	0.09	0.06	0.17	1.29	(0.79)	1.44	(1.52)	7.57
SEHAX	1.10	0.07	0.04	0.07	1.68	(1.12)	2.13	(2.17)	11.68

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Rational Strategic Correlations

Rational Strategic Correlation With Market

Good diversification

Moving together with Rational Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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