Rational Real Correlations

HRSFX Fund

USD 16.19 0.00 0.00%

The current 90-days correlation between Rational Real Strategies and T Rowe Price is 0.02 (i.e., Significant diversification). 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 -0.11 (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 census.

Moving together with Rational Mutual Fund

0.74

RFXCX

Rational Special Sit

Pair Corr

Moving against Rational Mutual Fund

0.6	HBAFX	Rational Strategic	Pair Corr
0.45	RHSIX	Rational Strategic	Pair Corr
0.45	RHSCX	Rational Strategic	Pair Corr
0.39	RNECX	Rationalrgn Hedged Equity	Pair Corr
0.37	RNEIX	Rationalrgn Hedged Equity	Pair Corr
0.37	HSUCX	Rational Defensive Growth	Pair Corr
0.36	RHSAX	Rational Strategic	Pair Corr
0.33	RNEAX	Rationalrgn Hedged Equity	Pair Corr
0.33	HSUAX	Rational Defensive Growth	Pair Corr
0.33	HSUTX	Rational Defensive Growth	Pair Corr
0.42	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.42	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.4	GTECX	Gateway Fund Class	Pair Corr
0.39	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.38	GTEYX	Gateway Fund Class	Pair Corr
0.38	WRHIX	Ivy High Income	Pair Corr
0.37	GTENX	Gateway Fund Class	Pair Corr
0.37	GATEX	Gateway Fund Class	Pair Corr
0.35	WHIYX	Ivy High Income	Pair Corr
0.34	WHIAX	Ivy High Income	Pair Corr

Related Correlations Analysis

	TFHAX	CYBAX	PHDTX	RHYAX	OHSHX	ARTFX	ACHFX
TFHAX		0.93	0.77	0.73	0.82	0.7	0.92	TFHAX
CYBAX	0.93		0.73	0.73	0.94	0.7	1.0	CYBAX
PHDTX	0.77	0.73		0.97	0.72	0.94	0.72	PHDTX
RHYAX	0.73	0.73	0.97		0.76	0.95	0.71	RHYAX
OHSHX	0.82	0.94	0.72	0.76		0.67	0.94	OHSHX
ARTFX	0.7	0.7	0.94	0.95	0.67		0.68	ARTFX
ACHFX	0.92	1.0	0.72	0.71	0.94	0.68		ACHFX
	TFHAX	CYBAX	PHDTX	RHYAX	OHSHX	ARTFX	ACHFX

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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
TFHAX	0.11	0.01	0.03	(0.57)	0.00	(0.15)	0.31	(0.21)	0.82
CYBAX	0.13	0.02	0.08	(0.51)	0.00	(0.16)	0.49	(0.24)	0.90
PHDTX	0.12	0.01	0.03	(0.63)	0.05	(0.16)	0.23	(0.23)	0.79
RHYAX	0.13	0.01	0.01	(0.22)	0.10	(0.18)	0.31	(0.31)	1.14
OHSHX	0.13	0.02	0.07	(1.10)	0.00	(0.18)	0.23	(0.23)	1.02
ARTFX	0.13	0.01	0.01	(0.14)	0.07	(0.19)	0.44	(0.22)	0.89
ACHFX	0.17	0.02	0.09	(0.63)	0.00	(0.23)	0.58	(0.23)	1.28

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