Rational Defensive Correlations

HSUCX Fund

USD 32.70 0.08 0.25%

The current 90-days correlation between Rational Defensive Growth and Rationalrgn Hedged Equity is 0.7 (i.e., Poor diversification). The correlation of Rational Defensive 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 Defensive Correlation With Market

Good diversification

The correlation between Rational Defensive Growth and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rational Defensive Growth 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 Defensive Growth. 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 interest.

Moving together with Rational Mutual Fund

1.0	HSUAX	Rational Defensive Growth	Pair Corr
0.9	HSUTX	Rational Defensive Growth	Pair Corr

Moving against Rational Mutual Fund

0.4	RFXAX	Rational Special Sit	Pair Corr
0.38	RFXIX	Rational Special Sit	Pair Corr
0.38	RFXCX	Rational Special Sit	Pair Corr
0.38	HRSTX	Rational Real Strategies	Pair Corr
0.38	HRSFX	Rational Real Strategies	Pair Corr
0.36	HRSAX	Rational Real Strategies	Pair Corr
0.33	HDCAX	Rational Dividend Capture	Pair Corr
0.33	HDCEX	Rational Dividend Capture	Pair Corr
0.33	HDCTX	Rational Dividend Capture	Pair Corr

Related Correlations Analysis

	RNECX	RNEAX	RNEIX	RDMAX	RDMIX	RDMCX	RFXIX	RFXCX	RFXAX	HRSTX
RNECX		1.0	1.0	0.91	0.87	0.86	0.92	0.92	0.92	0.93	RNECX
RNEAX	1.0		1.0	0.91	0.87	0.86	0.92	0.92	0.92	0.94	RNEAX
RNEIX	1.0	1.0		0.91	0.87	0.87	0.92	0.92	0.92	0.94	RNEIX
RDMAX	0.91	0.91	0.91		0.96	0.96	0.95	0.95	0.95	0.94	RDMAX
RDMIX	0.87	0.87	0.87	0.96		1.0	0.95	0.95	0.95	0.94	RDMIX
RDMCX	0.86	0.86	0.87	0.96	1.0		0.94	0.94	0.94	0.93	RDMCX
RFXIX	0.92	0.92	0.92	0.95	0.95	0.94		1.0	1.0	0.98	RFXIX
RFXCX	0.92	0.92	0.92	0.95	0.95	0.94	1.0		1.0	0.98	RFXCX
RFXAX	0.92	0.92	0.92	0.95	0.95	0.94	1.0	1.0		0.99	RFXAX
HRSTX	0.93	0.94	0.94	0.94	0.94	0.93	0.98	0.98	0.99		HRSTX
	RNECX	RNEAX	RNEIX	RDMAX	RDMIX	RDMCX	RFXIX	RFXCX	RFXAX	HRSTX

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Risk-Adjusted Indicators

There is a big difference between Rational Mutual Fund performing well and Rational Defensive 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 Defensive'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
RNECX	0.72	0.11	0.03	(1.09)	0.92	(0.73)	1.42	(1.48)	5.94
RNEAX	0.73	0.12	0.03	(1.47)	0.89	(0.76)	1.50	(1.39)	5.91
RNEIX	0.73	0.12	0.03	(1.35)	0.93	(0.75)	1.40	(1.47)	5.90
RDMAX	0.61	0.16	0.11	(1.48)	0.51	(0.66)	1.34	(1.01)	3.67
RDMIX	0.60	0.08	0.08	0.21	0.52	(0.67)	1.32	(1.01)	3.67
RDMCX	0.61	0.08	0.07	0.20	0.55	(0.67)	1.36	(1.03)	3.64
RFXIX	0.05	0.02	(0.87)	10.07	0.00	(0.08)	0.17	(0.06)	0.23
RFXCX	0.05	0.02	(0.83)	2.65	0.00	(0.08)	0.11	(0.06)	0.28
RFXAX	0.05	0.02	(0.86)	(2.64)	0.00	(0.08)	0.11	(0.06)	0.23
HRSTX	0.04	0.01	(0.78)	(0.60)	0.00	(0.08)	0.12	(0.06)	0.35

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