Rational Dynamic Correlations

RDMIX Fund

USD 21.64 0.06 0.28%

The current 90-days correlation between Rational Dynamic Momentum and Ab Discovery Value is 0.02 (i.e., Significant 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 -0.05 (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 gross domestic product.

Moving together with Rational Mutual Fund

1.0	RDMAX	Rational Dynamic Momentum	Pair Corr
1.0	RDMCX	Rational Dynamic Momentum	Pair Corr

Moving against Rational Mutual Fund

0.31	HRSFX	Rational Real Strategies	Pair Corr
0.54	LETRX	Voya Russia Fund	Pair Corr
0.36	MBXFX	Catalystmillburn Hedge	Pair Corr
0.36	MBXCX	Catalystmillburn Hedge	Pair Corr
0.35	MBXIX	Catalystmillburn Hedge	Pair Corr
0.35	MBXAX	Catalystmillburn Hedge	Pair Corr
0.31	SPE	Special Opportunities	Pair Corr

Related Correlations Analysis

	ABYSX	PCSVX	QRSAX	HRVIX	AVCNX	UAPIX	MAVKX
ABYSX		0.99	0.94	0.93	0.95	0.98	0.93	ABYSX
PCSVX	0.99		0.93	0.92	0.94	0.97	0.91	PCSVX
QRSAX	0.94	0.93		0.99	0.99	0.94	0.98	QRSAX
HRVIX	0.93	0.92	0.99		0.99	0.93	0.99	HRVIX
AVCNX	0.95	0.94	0.99	0.99		0.94	0.99	AVCNX
UAPIX	0.98	0.97	0.94	0.93	0.94		0.93	UAPIX
MAVKX	0.93	0.91	0.98	0.99	0.99	0.93		MAVKX
	ABYSX	PCSVX	QRSAX	HRVIX	AVCNX	UAPIX	MAVKX

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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
ABYSX	0.79	(0.02)	0.01	0.09	0.82	(0.96)	1.73	(1.80)	5.95
PCSVX	0.78	(0.01)	0.02	0.10	0.69	(0.93)	1.83	(1.27)	5.70
QRSAX	0.77	0.13	0.04	1.58	0.67	(0.88)	1.87	(1.28)	6.37
HRVIX	0.82	0.12	0.03	1.09	0.72	(0.89)	1.63	(1.41)	7.46
AVCNX	0.92	0.14	0.05	0.89	0.78	(1.13)	2.06	(1.54)	8.37
UAPIX	1.83	(0.06)	0.06	0.08	1.91	(2.01)	4.19	(3.28)	15.23
MAVKX	0.86	0.12	0.03	0.91	0.76	(1.00)	1.97	(1.39)	7.83

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