Riverpark Floating Competition

RCRIX Fund

USD 8.88 0.01 0.11%

Riverpark Floating Rate competes with 1919 Financial, Transamerica Financial, Gabelli Global, and Prudential Jennison; as well as few others. The fund is listed under High Yield Bond category and is part of RiverPark Funds family. Analyzing Riverpark Floating competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Riverpark Floating to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Riverpark Floating Correlation with its peers.

Riverpark Floating vs Prudential Jennison Correlation

Very poor diversification

The correlation between Riverpark Floating Rate and PFSQX is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riverpark Floating Rate and PFSQX in the same portfolio, assuming nothing else is changed.

Moving together with Riverpark Mutual Fund

0.96	RPHIX	Riverpark Short Term	Pair Corr
0.96	RPHYX	Riverpark Short Term	Pair Corr
0.82	RPNIX	Riverpark/next Century	Pair Corr
0.82	RPNCX	Riverpark/next Century	Pair Corr

Moving against Riverpark Mutual Fund

0.45	RLSFX	Riverpark Longshort	Pair Corr
0.44	RLSIX	Riverpark Long/short	Pair Corr
0.42	RPNLX	Riverpark/next Century	Pair Corr

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Hype

Prediction

Low	Estimated	High
8.83	8.88	8.93

Details

Intrinsic

Valuation

Low	Real	High
8.82	8.87	8.92

Details

Riverpark Floating Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Riverpark Floating and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Riverpark and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Riverpark Floating Rate does not affect the price movement of the other competitor.

	SBFAX	MCBXX	IAAEX	XFINX	GCFSX	PFSQX
SBFAX		0.0	0.88	0.3	0.93	0.93	SBFAX
MCBXX	0.0		0.0	0.0	0.0	0.0	MCBXX
IAAEX	0.88	0.0		0.09	0.91	0.96	IAAEX
XFINX	0.3	0.0	0.09		0.33	0.24	XFINX
GCFSX	0.93	0.0	0.91	0.33		0.91	GCFSX
PFSQX	0.93	0.0	0.96	0.24	0.91		PFSQX
	SBFAX	MCBXX	IAAEX	XFINX	GCFSX	PFSQX

High positive correlations

PFSQX	+ 0.96	IAAEX
GCFSX	+ 0.93	SBFAX
PFSQX	+ 0.93	SBFAX
GCFSX	+ 0.91	IAAEX
PFSQX	+ 0.91	GCFSX
IAAEX	+ 0.88	SBFAX

High negative correlations

PFSQX	- 0.0	MCBXX
GCFSX	- 0.0	MCBXX
XFINX	- 0.0	MCBXX
IAAEX	- 0.0	MCBXX
MCBXX	- 0.0	SBFAX

Risk-Adjusted Indicators

There is a big difference between Riverpark Mutual Fund performing well and Riverpark Floating 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 Riverpark Floating'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
SBFAX	0.97	0.33	0.36	0.62	0.18	(1.23)	1.70	(1.43)	18.47
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IAAEX	0.98	0.35	0.47	0.47	0.00	(1.27)	1.94	(0.97)	19.44
XFINX	0.14	(0.01)	(0.21)	(0.05)	0.28	(0.13)	0.22	(0.43)	1.29
GCFSX	0.53	0.14	0.15	0.29	0.42	(0.62)	1.15	(1.03)	3.77
PFSQX	0.94	0.15	0.15	0.21	0.77	(1.08)	1.95	(1.75)	12.00

Riverpark Floating Competitive Analysis

The better you understand Riverpark Floating competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Riverpark Floating's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Riverpark Floating's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	RCRIX	SBFAX	MCBXX	IAAEX	XFINX	GCFSX	PFSQX
	0.11 8.88 Riverpark	1.58 27.02 1919	0.00 1.00 Blackrock	1.24 10.58 Transamerica	0.07 13.97 Angel	1.15 21.95 Gabelli	2.03 24.60 Prudential
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Not too volatile	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	High	Good	Weakest	Good	Weakest	Solid	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Fair	Low	Fair	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Under Valued	Fairly Valued	Under Valued	Fairly Valued	Under Valued	Under Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Strong Buy	Hold	Strong Buy	Cautious Hold	Strong Buy	Strong Buy
Net Asset	33 M	127.89 M	1000 K	1.39 B	N/A	11.02 M	98.84 M
Minimum Initial Investment	50 K	N/A	N/A	N/A	N/A	N/A	N/A
Price To Book	N/A	1.61 X	N/A	N/A	N/A	N/A	N/A
Five Year Return	5.16 %	8.08 %	N/A	N/A	N/A	19.49 %	12.35 %
One Year Return	5.69 %	(1.62) %	N/A	N/A	N/A	32.78 %	4.60 %
Last Dividend Paid	0.02	0.25	N/A	N/A	0.11	0.08	0.12
Price To Earning	N/A	16.80 X	N/A	N/A	N/A	N/A	N/A
Price To Sales	N/A	2.89 X	N/A	N/A	N/A	N/A	N/A
Cash Position Weight	2.62 %	1.83 %	N/A	N/A	N/A	1.60 %	0.49 %
Equity Positions Weight	N/A	98.17 %	N/A	N/A	N/A	98.40 %	99.51 %
Three Year Return	7.62 %	8.08 %	N/A	N/A	N/A	25.95 %	18.35 %
Annual Yield	0 %	0.0007 %	N/A	0.02 %	N/A	0.01 %	0.01 %
Year To Date Return	0.62 %	0.26 %	N/A	N/A	N/A	5.02 %	0.33 %
Bond Positions Weight	97.38 %	N/A	N/A	N/A	N/A	N/A	N/A
Ten Year Return	N/A	9.37 %	N/A	N/A	N/A	N/A	5.86 %
Daily Balance Of Power	9.2 T	9.2 T	0.0	9.2 T	9.2 T	9.2 T	9.2 T
Day Typical Price	8.88	27.02	1.0	10.58	13.97	21.95	24.6
Period Momentum Indicator	0.01	0.42	N/A	0.13	0.01	0.25	0.49
Rate Of Daily Change	1.0	1.02	1.0	1.01	1.0	1.01	1.02
Day Median Price	8.88	27.02	1.0	10.58	13.97	21.95	24.6
Price Action Indicator	0.005	0.21	N/A	0.065	0.005	0.13	0.25
Coefficient Of Variation	234.23	581.89	N/A	551.28	4964.19	352.27	633.56
Mean Deviation	0.0365	0.9663	N/A	0.9798	0.1364	0.5279	0.9351
Jensen Alpha	0.0101	0.3253	N/A	0.3516	(0.01)	0.1403	0.1511
Total Risk Alpha	0.0059	0.1529	N/A	0.1869	(0.03)	0.1224	0.0845
Sortino Ratio	N/A	0.3585	N/A	0.4685	(0.21)	0.1485	0.1489
Downside Variance	N/A	0.6719	N/A	0.5364	0.1675	0.5841	1.2
Standard Deviation	0.0483	2.23	N/A	2.39	0.2285	0.7157	1.6
Kurtosis	0.8417	47.03	N/A	49.59	7.01	1.34	21.65
Potential Upside	0.1138	1.7	N/A	1.94	0.2165	1.15	1.95
Treynor Ratio	1.64	0.6179	N/A	0.473	(0.05)	0.2911	0.2108
Maximum Drawdown	0.2268	18.47	N/A	19.44	1.29	3.77	12.0
Variance	0.0023	4.98	N/A	5.69	0.0522	0.5122	2.57
Market Risk Adjusted Performance	1.65	0.6279	N/A	0.483	(0.04)	0.3011	0.2208
Risk Adjusted Performance	0.1872	0.1449	N/A	0.1528	(0.01)	0.2275	0.1322
Skewness	1.06	6.34	N/A	6.6	(2.29)	(0.39)	3.56
Semi Deviation	N/A	0.1766	N/A	0.0	0.2811	0.4245	0.7748
Information Ratio	(1.43)	0.1317	N/A	0.1438	(0.37)	0.1586	0.1019
Value At Risk	N/A	(1.43)	N/A	(0.97)	(0.43)	(1.03)	(1.75)
Expected Short fall	N/A	(1.23)	N/A	(1.27)	(0.13)	(0.62)	(1.08)
Downside Deviation	N/A	0.8197	N/A	0.7324	0.4093	0.7643	1.1
Semi Variance	N/A	0.0312	N/A	(0.09)	0.079	0.1802	0.6003

Riverpark Floating Competition Performance Charts

Five steps to successful analysis of Riverpark Floating Competition

Riverpark Floating's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Riverpark Floating Rate in relation to its competition. Riverpark Floating's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Riverpark Floating in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Riverpark Floating's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Riverpark Floating Rate, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Riverpark Floating position

In addition to having Riverpark Floating in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Other Information on Investing in Riverpark Mutual Fund

Riverpark Floating financial ratios help investors to determine whether Riverpark Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Riverpark with respect to the benefits of owning Riverpark Floating security.

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