Rational/pier Correlations
PBXAX Fund | USD 11.05 0.02 0.18% |
The current 90-days correlation between Rationalpier 88 Conv and Stringer Growth Fund is 0.81 (i.e., Very poor diversification). The correlation of Rational/pier 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/pier Correlation With Market
Poor diversification
The correlation between Rationalpier 88 Convertible and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rationalpier 88 Convertible and DJI in the same portfolio, assuming nothing else is changed.
Rational/pier |
Moving together with Rational/pier Mutual Fund
0.94 | RNECX | Rationalrgn Hedged Equity | PairCorr |
0.94 | RNEAX | Rationalrgn Hedged Equity | PairCorr |
0.94 | RNEIX | Rationalrgn Hedged Equity | PairCorr |
0.84 | RDMAX | Rational Dynamic Momentum | PairCorr |
0.87 | RDMIX | Rational Dynamic Momentum | PairCorr |
0.87 | RDMCX | Rational Dynamic Momentum | PairCorr |
0.85 | RHSAX | Rational Strategic | PairCorr |
0.9 | RHSIX | Rational Strategic | PairCorr |
0.87 | RHSCX | Rational Strategic | PairCorr |
0.9 | HSUAX | Rational Defensive Growth | PairCorr |
0.95 | HSUCX | Rational Defensive Growth | PairCorr |
0.85 | HBAFX | Rational Strategic Steady Growth | PairCorr |
0.9 | HSUTX | Rational Defensive Growth | PairCorr |
0.88 | HDCAX | Rational Dividend Capture | PairCorr |
0.94 | HDCEX | Rational Dividend Capture | PairCorr |
0.93 | HDCTX | Rational Dividend Capture | PairCorr |
0.9 | PBXIX | Rationalpier 88 Conv | PairCorr |
0.94 | PBXCX | Rationalpier 88 Conv | PairCorr |
0.97 | FCSZX | Franklin Convertible | PairCorr |
0.97 | FCSKX | Franklin Vertible | PairCorr |
0.97 | FISCX | Franklin Convertible | PairCorr |
0.97 | FROTX | Franklin Convertible | PairCorr |
0.92 | ANZCX | Allianzgi Convertible | PairCorr |
0.93 | ANZAX | Allianzgi Vertible | PairCorr |
0.93 | ANNPX | Allianzgi Convertible | PairCorr |
0.84 | VAADX | Virtus Convertible | PairCorr |
0.91 | FCVSX | Fidelity Vertible | PairCorr |
Moving against Rational/pier Mutual Fund
0.48 | RFXIX | Rational Special Sit | PairCorr |
0.46 | RFXCX | Rational Special Sit | PairCorr |
0.46 | RFXAX | Rational Special Sit | PairCorr |
0.44 | HRSTX | Rational Real Strategies | PairCorr |
0.44 | HRSAX | Rational Real Strategies | PairCorr |
0.43 | MCSVX | Mainstay Vertible | PairCorr |
0.37 | PCCRX | Pimco Credit Absolute | PairCorr |
0.33 | RGVCX | Us Government Securities | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Rational/pier Mutual Fund performing well and Rational/pier 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/pier'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SRGAX | 0.62 | 0.01 | 0.01 | 0.01 | 0.83 | 1.25 | 3.64 | |||
PAGLX | 0.74 | (0.03) | 0.00 | (0.03) | 0.00 | 1.27 | 4.65 | |||
TEGAX | 1.37 | (0.08) | 0.00 | (0.06) | 0.00 | 2.29 | 7.24 | |||
FGTZX | 0.59 | 0.00 | 0.00 | (0.01) | 0.79 | 1.08 | 3.38 | |||
LMLRX | 0.31 | 0.01 | 0.03 | 0.03 | 0.35 | 0.61 | 2.17 | |||
VDIGX | 0.61 | (0.04) | 0.00 | 0.21 | 0.00 | 0.95 | 3.57 | |||
ARTSX | 1.18 | (0.13) | 0.00 | 0.87 | 0.00 | 2.24 | 5.69 | |||
EIPIX | 0.71 | 0.12 | 0.13 | 0.22 | 0.82 | 1.68 | 4.24 |