Hanlon Tactical Correlations

Mutual Funds . USA . 
Fund . Hanlon Tactical Dividend
HTDCX Fund  USD 13.16  0.09  0.69%   
The current 90-days correlation between Hanlon Tactical Dividend and Hanlon Tactical Dividend is 1.0 (i.e., No risk reduction). The correlation of Hanlon Tactical 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.

Hanlon Tactical Correlation With Market

Almost no diversification

The correlation between Hanlon Tactical Dividend and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hanlon Tactical Dividend 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 Hanlon Tactical Dividend. 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 main economic indicators.

Moving together with Hanlon Mutual Fund

  1.0HTDRX Hanlon Tactical DividendPairCorr
  1.0HTDAX Hanlon Tactical DividendPairCorr
  1.0HTDIX Hanlon Tactical DividendPairCorr
  0.96PAALX All Asset FundPairCorr
  0.96PATRX Pimco All AssetPairCorr
  0.96PAAIX All Asset FundPairCorr
  0.96PALPX Pimco All AssetPairCorr
  0.95PASAX All Asset FundPairCorr
  0.96PASCX All Asset FundPairCorr
  0.96PAANX Pimco All AssetPairCorr
  0.93PAUPX Pimco All AssetPairCorr
  0.93PAUIX Pimco All AssetPairCorr
  0.85LIIAX Columbia Porate IncomePairCorr
  0.85SRINX Columbia Porate IncomePairCorr
  0.96WRHIX Ivy High IncomePairCorr
  0.96WHIAX Ivy High IncomePairCorr
  0.96IHIFX Ivy High IncomePairCorr
  0.96IVHIX Ivy High IncomePairCorr
  0.96SMIDX Smi Dynamic AllocationPairCorr
  0.91MTFFX Mainstay Mackay StrategicPairCorr
  1.0CGARX Calvert Responsible IndexPairCorr
  0.99MLNCX Global Centrated PorPairCorr
  0.99MLNSX Global Centrated PorPairCorr
  0.93HRLYX Hartford GlobalPairCorr
  0.84SMRSX Alpssmith Short DurationPairCorr
  0.75SWVXX Schwab Value AdvantagePairCorr
  0.98LACFX Lord Abbett VertiblePairCorr
  0.62WAPCX Western Asset EPairCorr
  0.99ARCSX One Choice 2030PairCorr
  0.97RBNCX Robinson OpportunisticPairCorr
  0.85PGRUX Global Real EstatePairCorr
  0.99CSGEX Blackrock Small CapPairCorr
  0.99GSFTX Columbia Dividend IncomePairCorr
  1.0CHRRX Invesco CharterPairCorr
  0.99LPDIX Blackrock LifepathPairCorr
  0.99MLMIX Global E PortfolioPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Hanlon Mutual Fund performing well and Hanlon Tactical 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 Hanlon Tactical'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
HTDRX  0.61  0.09  0.09  0.24  0.55 
(0.72)
 1.87 
(1.13)
 4.68 
HTDAX  0.61  0.10  0.09  0.24  0.52 
(0.72)
 1.82 
(1.10)
 4.72 
HTDCX  0.61  0.09  0.09  0.24  0.51 
(0.73)
 1.88 
(1.03)
 4.75 
HTDIX  0.61  0.10  0.09  0.24  0.52 
(0.72)
 1.83 
(1.11)
 4.75 
ARDEX  0.58  0.02 (0.02) 0.17  0.66 
(0.67)
 1.36 
(1.05)
 3.97 
CCGSX  0.60  0.10  0.08  0.28  0.41 
(0.66)
 1.87 
(1.25)
 4.03 
VTSAX  0.66  0.12  0.11  0.27  0.54 
(0.76)
 2.07 
(1.17)
 5.05 
VFIAX  0.65  0.11  0.11  0.25  0.56 
(0.75)
 2.02 
(1.11)
 4.88 
MMMSX  0.88  0.11  0.11  0.24  0.81 
(1.09)
 2.28 
(1.69)
 6.58 
FLRMX  0.31  0.02 (0.10) 0.19  0.52 
(0.32)
 0.96 
(0.70)
 3.29 

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