Hanlon Tactical Correlations

HTDIX Fund

USD 13.24 0.04 0.30%

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

Average diversification

The correlation between Hanlon Tactical Dividend and DJI is 0.15 (i.e., Average 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 gross domestic product.

Moving together with Hanlon Mutual Fund

1.0	HTDRX	Hanlon Tactical Dividend	Pair Corr
1.0	HTDAX	Hanlon Tactical Dividend	Pair Corr
1.0	HTDCX	Hanlon Tactical Dividend	Pair Corr
0.99	VTSAX	Vanguard Total Stock	Pair Corr
0.99	VFIAX	Vanguard 500 Index	Pair Corr
1.0	VTSMX	Vanguard Total Stock	Pair Corr
1.0	VSMPX	Vanguard Total Stock	Pair Corr
1.0	VSTSX	Vanguard Total Stock	Pair Corr
0.99	VITSX	Vanguard Total Stock	Pair Corr
0.99	VFINX	Vanguard 500 Index	Pair Corr
0.99	VFFSX	Vanguard 500 Index	Pair Corr
0.88	CRF	Cornerstone Strategic	Pair Corr
0.96	CSQ	Calamos Strategic Total	Pair Corr
0.97	VEMPX	Vanguard Extended Market	Pair Corr
0.96	ANZAX	Allianzgi Convertible	Pair Corr
0.85	FGB	First Trust Specialty	Pair Corr
0.96	FTXNX	Fuller Thaler Behavioral	Pair Corr
0.7	RUSIX	Rbc Ultra Short	Pair Corr
0.67	DCF	Bny Mellon Alcentra	Pair Corr
0.9	JMIGX	Jacob Micro Cap	Pair Corr
0.76	IFRWX	Voya Floating Rate	Pair Corr
0.77	LCCMX	Leader Short Term	Pair Corr
0.99	FXAIX	Fidelity 500 Index	Pair Corr
0.92	FCSKX	Franklin Convertible	Pair Corr
0.93	FCNTX	Fidelity Contrafund	Pair Corr
0.61	APDUX	Artisan Floating Rate	Pair Corr

Moving against Hanlon Mutual Fund

0.51	VTIAX	Vanguard Total Inter	Pair Corr
0.47	VGTSX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	HTDRX	HTDAX	HTDCX	HTDIX	LCCMX	SPECX	IFRWX	URNQX	LGRNX	PJFOX
HTDRX		1.0	1.0	1.0	0.77	0.95	0.76	0.93	0.93	0.87	HTDRX
HTDAX	1.0		1.0	1.0	0.77	0.95	0.76	0.93	0.93	0.87	HTDAX
HTDCX	1.0	1.0		1.0	0.76	0.95	0.75	0.93	0.93	0.87	HTDCX
HTDIX	1.0	1.0	1.0		0.77	0.95	0.76	0.93	0.93	0.88	HTDIX
LCCMX	0.77	0.77	0.76	0.77		0.83	0.91	0.72	0.8	0.69	LCCMX
SPECX	0.95	0.95	0.95	0.95	0.83		0.78	0.89	0.92	0.84	SPECX
IFRWX	0.76	0.76	0.75	0.76	0.91	0.78		0.77	0.83	0.79	IFRWX
URNQX	0.93	0.93	0.93	0.93	0.72	0.89	0.77		0.95	0.96	URNQX
LGRNX	0.93	0.93	0.93	0.93	0.8	0.92	0.83	0.95		0.9	LGRNX
PJFOX	0.87	0.87	0.87	0.88	0.69	0.84	0.79	0.96	0.9		PJFOX
	HTDRX	HTDAX	HTDCX	HTDIX	LCCMX	SPECX	IFRWX	URNQX	LGRNX	PJFOX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HTDRX	0.57	0.02	0.02	0.15	0.83	(0.57)	1.06	(1.14)	5.71
HTDAX	0.57	0.02	0.02	0.15	0.82	(0.57)	1.04	(1.11)	5.57
HTDCX	0.56	0.02	0.02	0.12	0.81	(0.57)	1.03	(1.11)	5.58
HTDIX	0.56	0.02	0.02	0.15	0.80	(0.58)	1.12	(1.12)	5.54
LCCMX	0.10	0.03	0.00	1.69	0.00	0.00	0.24	(0.12)	1.96
SPECX	1.03	0.08	0.04	0.29	1.90	(0.88)	2.22	(2.23)	9.18
IFRWX	0.09	0.02	0.15	1.36	0.00	(0.35)	0.12	(0.12)	1.24
URNQX	0.78	0.04	0.03	0.32	1.22	(0.76)	1.53	(1.56)	6.85
LGRNX	0.86	0.06	0.03	(13.02)	1.72	(0.83)	1.69	(1.58)	11.69
PJFOX	0.79	0.09	0.07	0.79	1.10	(0.71)	1.65	(1.55)	5.84

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