Rational Dynamic Correlations

RDMCX Fund

USD 18.93 0.05 0.26%

The current 90-days correlation between Rational Dynamic Momentum and Ridgeworth Ceredex Mid Cap is 0.11 (i.e., Average diversification). The correlation of Rational Dynamic 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 Dynamic Correlation With Market

Good diversification

The correlation between Rational Dynamic Momentum and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rational Dynamic Momentum and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rational Dynamic Momentum. 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 main economic indicators.

Moving together with Rational Mutual Fund

0.85	RNECX	Rationalrgn Hedged Equity	Pair Corr
0.84	RNEAX	Rationalrgn Hedged Equity	Pair Corr
0.94	RDMAX	Rational Dynamic Momentum	Pair Corr
0.94	RDMIX	Rational Dynamic Momentum	Pair Corr
0.84	RHSAX	Rational Strategic	Pair Corr
0.84	RHSIX	Rational Strategic	Pair Corr
0.84	RHSCX	Rational Strategic	Pair Corr
0.89	HSUAX	Rational Defensive Growth	Pair Corr
0.89	HSUCX	Rational Defensive Growth	Pair Corr
0.84	HBAFX	Rational Strategic	Pair Corr
0.89	HSUTX	Rational Defensive Growth	Pair Corr
0.77	HDCAX	Rational Dividend Capture	Pair Corr
0.82	HDCEX	Rational Dividend Capture	Pair Corr
0.81	HDCTX	Rational Dividend Capture	Pair Corr
0.72	PBXIX	Rationalpier 88 Conv	Pair Corr
0.83	PBXCX	Rationalpier 88 Conv	Pair Corr
0.83	PBXAX	Rationalpier 88 Conv	Pair Corr
0.77	MBXFX	Catalystmillburn Hedge	Pair Corr
0.77	MBXIX	Catalystmillburn Hedge	Pair Corr
0.82	MBXAX	Catalystmillburn Hedge	Pair Corr
0.77	MBXCX	Catalystmillburn Hedge	Pair Corr
0.74	GPMFX	Guidepath Managed Futures	Pair Corr

Moving against Rational Mutual Fund

0.67	RFXIX	Rational Special Sit	Pair Corr
0.62	HRSAX	Rational Real Strategies	Pair Corr
0.61	HRSTX	Rational Real Strategies	Pair Corr
0.6	RFXAX	Rational Special Sit	Pair Corr
0.55	RFXCX	Rational Special Sit	Pair Corr
0.35	HRSFX	Rational Real Strategies	Pair Corr
0.85	GAAGX	Gmo Alternative Allo	Pair Corr
0.84	GAAKX	Gmo Alternative Allo	Pair Corr
0.58	GPBFX	Gmo E Plus	Pair Corr
0.46	PEPSX	International Emerging	Pair Corr
0.46	PINCX	Putnam Income	Pair Corr
0.43	TRGZX	T Rowe Price	Pair Corr
0.43	VSIEX	Jpmorgan International	Pair Corr
0.42	PEGBX	Pimco Esg Income	Pair Corr

Related Correlations Analysis

	SMVTX	FMCRX	AFDVX	ESCIX	BPSCX	ARSVX	UCPIX
SMVTX		0.76	0.95	0.52	0.87	0.76	-0.84	SMVTX
FMCRX	0.76		0.84	0.49	0.91	0.94	-0.88	FMCRX
AFDVX	0.95	0.84		0.49	0.92	0.82	-0.92	AFDVX
ESCIX	0.52	0.49	0.49		0.64	0.44	-0.52	ESCIX
BPSCX	0.87	0.91	0.92	0.64		0.82	-0.95	BPSCX
ARSVX	0.76	0.94	0.82	0.44	0.82		-0.78	ARSVX
UCPIX	-0.84	-0.88	-0.92	-0.52	-0.95	-0.78		UCPIX
	SMVTX	FMCRX	AFDVX	ESCIX	BPSCX	ARSVX	UCPIX

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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

AFDVX	+ 0.95	SMVTX
ARSVX	+ 0.94	FMCRX
BPSCX	+ 0.92	AFDVX
BPSCX	+ 0.91	FMCRX
BPSCX	+ 0.87	SMVTX
AFDVX	+ 0.84	FMCRX

High negative correlations

UCPIX	- 0.95	BPSCX
UCPIX	- 0.92	AFDVX
UCPIX	- 0.88	FMCRX
UCPIX	- 0.84	SMVTX
UCPIX	- 0.78	ARSVX
UCPIX	- 0.52	ESCIX

Risk-Adjusted Indicators

There is a big difference between Rational Mutual Fund performing well and Rational Dynamic 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 Dynamic'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
SMVTX	1.04	(0.17)	0.00	0.49	0.00	0.00	1.55	(2.22)	9.55
FMCRX	0.85	(0.09)	0.00	(0.08)	0.00	0.00	1.46	(1.61)	4.06
AFDVX	0.85	(0.13)	0.00	0.98	0.00	0.00	1.86	(1.93)	4.58
ESCIX	0.75	(0.03)	0.00	(0.06)	0.00	0.00	1.87	(2.03)	4.56
BPSCX	0.84	(0.10)	0.00	(0.10)	0.00	0.00	1.61	(2.10)	4.06
ARSVX	0.67	(0.07)	0.00	1.01	0.00	0.00	1.47	(1.52)	3.39
UCPIX	1.98	0.34	0.14	(0.15)	2.12	(2.20)	5.49	(3.62)	13.88

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