Rational Defensive Correlations

Mutual Funds . USA . 
Fund . Rational Defensive Growth
HSUTX Fund  USD 66.81  0.25  0.38%   
The current 90-days correlation between Rational Defensive Growth and Rational Dividend Capture is 0.87 (i.e., Very 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

Poor diversification

The correlation between Rational Defensive Growth and DJI is 0.79 (i.e., Poor 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 estimate.

Moving together with Rational Mutual Fund

  0.88RFXIX Rational Special SitPairCorr
  0.86RFXCX Rational Special SitPairCorr
  0.88RFXAX Rational Special SitPairCorr
  0.93HRSTX Rational Real StrategiesPairCorr
  0.93HRSAX Rational Real StrategiesPairCorr
  0.93HRSFX Rational Real StrategiesPairCorr
  0.81RHSAX Rational StrategicPairCorr
  0.82RHSIX Rational StrategicPairCorr
  0.8RHSCX Rational StrategicPairCorr
  1.0HSUAX Rational Defensive GrowthPairCorr
  1.0HSUCX Rational Defensive GrowthPairCorr
  0.62HBAFX Rational StrategicPairCorr
  0.84IGOAX Rational Inflation GrowthPairCorr
  0.84IGOCX Rational Inflation GrowthPairCorr
  0.85IGOIX Rational Inflation GrowthPairCorr
  0.97HDCAX Rational Dividend CapturePairCorr
  0.97HDCEX Rational Dividend CapturePairCorr
  0.97HDCTX Rational Dividend CapturePairCorr
  0.97PBXIX Rationalpier 88 ConvPairCorr
  0.97PBXCX Rationalpier 88 ConvPairCorr
  0.97PBXAX Rationalpier 88 ConvPairCorr
  0.99FAFGX American FundsPairCorr
  0.99FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.96DXQLX Direxion Monthly NasdaqPairCorr
  0.96RYVLX Nasdaq 100 2xPairCorr
  0.96RYVYX Nasdaq 100 2xPairCorr
  0.96UOPIX Ultra Nasdaq 100PairCorr
  0.96RYCCX Nasdaq 100 2xPairCorr

Related Correlations Analysis

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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.

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