Rational Dividend Correlations

HDCTX Fund

USD 9.58 0.01 0.10%

The current 90-days correlation between Rational Dividend Capture and Cref Money Market is -0.01 (i.e., Good 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

Poor diversification

The correlation between Rational Dividend Capture and DJI is 0.76 (i.e., Poor 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

0.84	RNEAX	Rationalrgn Hedged Equity	Pair Corr
0.72	RHSAX	Rational Strategic	Pair Corr
0.78	RHSIX	Rational Strategic	Pair Corr
0.77	RHSCX	Rational Strategic	Pair Corr
0.9	HSUAX	Rational Defensive Growth	Pair Corr
0.9	HSUTX	Rational Defensive Growth	Pair Corr
1.0	HDCAX	Rational Dividend Capture	Pair Corr
1.0	HDCEX	Rational Dividend Capture	Pair Corr
0.87	PBXIX	Rationalpier 88 Conv	Pair Corr
0.86	PBXCX	Rationalpier 88 Conv	Pair Corr
0.79	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.8	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.8	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.88	GTENX	Gateway Fund Class	Pair Corr
0.86	GTECX	Gateway Fund Class	Pair Corr
0.88	GTEYX	Gateway Fund Class	Pair Corr
0.87	GATEX	Gateway Fund Class	Pair Corr
0.95	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.96	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.95	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.92	CISGX	Touchstone Sands Capital	Pair Corr
0.62	RXRPX	American Funds Retirement	Pair Corr

Related Correlations Analysis

	QCMMIX	FIKBX	JRSXX	FNPIX	FAFSX	SPAXX	DVFYX
QCMMIX		-0.16	0.0	0.16	-0.18	0.86	0.4	QCMMIX
FIKBX	-0.16		0.0	0.85	1.0	0.02	0.74	FIKBX
JRSXX	0.0	0.0		0.0	0.0	0.0	0.0	JRSXX
FNPIX	0.16	0.85	0.0		0.84	0.35	0.95	FNPIX
FAFSX	-0.18	1.0	0.0	0.84		0.0	0.73	FAFSX
SPAXX	0.86	0.02	0.0	0.35	0.0		0.51	SPAXX
DVFYX	0.4	0.74	0.0	0.95	0.73	0.51		DVFYX
	QCMMIX	FIKBX	JRSXX	FNPIX	FAFSX	SPAXX	DVFYX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FAFSX	+ 1.0	FIKBX
DVFYX	+ 0.95	FNPIX
SPAXX	+ 0.86	QCMMIX
FNPIX	+ 0.85	FIKBX
FAFSX	+ 0.84	FNPIX
DVFYX	+ 0.74	FIKBX

High negative correlations

FAFSX	- 0.18	QCMMIX
FIKBX	- 0.16	QCMMIX
SPAXX	- 0.0	FAFSX
DVFYX	- 0.0	JRSXX
SPAXX	- 0.0	JRSXX
FAFSX	- 0.0	JRSXX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
QCMMIX	0.02	0.01	0.00	(5.15)	0.00	0.00	0.03	0.00	0.03
FIKBX	0.90	(0.05)	0.00	(0.04)	0.00	0.00	1.73	(2.69)	6.29
JRSXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FNPIX	1.27	0.01	0.00	(0.10)	1.87	(1.25)	2.66	(3.48)	9.08
FAFSX	0.90	(0.06)	0.00	(0.05)	0.00	0.00	1.71	(2.71)	6.26
SPAXX	0.03	0.01	0.00	(0.32)	0.00	0.00	0.00	0.00	1.01
DVFYX	0.85	0.03	0.02	(0.33)	1.27	(0.82)	1.65	(2.39)	6.47

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