Riverfront Asset Correlations

RAGIX Fund

USD 15.42 0.03 0.19%

The current 90-days correlation between Riverfront Asset All and Alpscorecommodity Management Pletecommoditiessm is 0.2 (i.e., Modest diversification). The correlation of Riverfront Asset 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.

Riverfront Asset Correlation With Market

Very poor diversification

The correlation between Riverfront Asset Allocation and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riverfront Asset Allocation 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 Riverfront Asset Allocation. 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 Riverfront Mutual Fund

0.92	JCCSX	Alps/corecommodity	Pair Corr
0.92	JCRAX	Alps/corecommodity	Pair Corr
0.92	JCRCX	Alps/corecommodity	Pair Corr
0.92	JCRIX	Alps/corecommodity	Pair Corr
0.95	BHIMX	ALPS Series Trust	Pair Corr
0.96	BHIIX	Brigade High Income	Pair Corr
0.64	LPFAX	Alpsred Rocks Listed	Pair Corr
0.92	SMASX	Alpssmith Short Duration	Pair Corr
0.68	SMAMX	Alpssmith Total Return	Pair Corr
0.88	SMCMX	Alpssmith Short Duration	Pair Corr
0.69	SMCVX	ALPSSmith Credit Opp	Pair Corr
0.74	SMCRX	ALPSSmith Credit Opp	Pair Corr
0.78	SMCAX	DEUTSCHE MID CAP	Pair Corr
0.75	SMCCX	DEUTSCHE MID CAP	Pair Corr
0.92	SMDSX	Alpssmith Short Duration	Pair Corr
0.92	SMRSX	Alpssmith Short Duration	Pair Corr
0.65	SMTRX	Alpssmith Total Return	Pair Corr
0.66	SMTHX	Alpssmith Total Return	Pair Corr
1.0	RLGCX	Riverfront Dynamic Equity	Pair Corr
0.93	RLGAX	Riverfront Dynamic Equity	Pair Corr
0.98	RLIIX	Riverfront Dynamic Equity	Pair Corr
0.86	ALCBX	ALPSSmith Balanced	Pair Corr
0.87	ALIBX	ALPSSmith Balanced	Pair Corr
0.87	ALPBX	ALPSSmith Balanced	Pair Corr
0.95	BALCX	American Balanced	Pair Corr
0.94	BALFX	American Balanced	Pair Corr
0.96	ABALX	American Balanced	Pair Corr
0.92	FBONX	American Funds American	Pair Corr

Moving against Riverfront Mutual Fund

0.42	INDAX	Alpskotak India Growth	Pair Corr
0.42	INDIX	Alpskotak India Growth	Pair Corr
0.42	INDSX	Financial Investors Trust	Pair Corr
0.41	INFCX	Alpskotak India Growth	Pair Corr
0.38	INAAX	Alpskotak India Growth	Pair Corr

Related Correlations Analysis

	INAAX	INFCX	INDAX	INDIX	INDSX	JCCSX	JCRAX	JCRCX	JCRIX
INAAX		0.89	0.89	0.89	0.89	-0.6	-0.59	-0.59	-0.59	INAAX
INFCX	0.89		1.0	1.0	1.0	-0.61	-0.6	-0.6	-0.6	INFCX
INDAX	0.89	1.0		1.0	1.0	-0.61	-0.61	-0.6	-0.6	INDAX
INDIX	0.89	1.0	1.0		1.0	-0.61	-0.61	-0.61	-0.61	INDIX
INDSX	0.89	1.0	1.0	1.0		-0.61	-0.6	-0.6	-0.6	INDSX
JCCSX	-0.6	-0.61	-0.61	-0.61	-0.61		0.98	0.98	0.98	JCCSX
JCRAX	-0.59	-0.6	-0.61	-0.61	-0.6	0.98		1.0	1.0	JCRAX
JCRCX	-0.59	-0.6	-0.6	-0.61	-0.6	0.98	1.0		1.0	JCRCX
JCRIX	-0.59	-0.6	-0.6	-0.61	-0.6	0.98	1.0	1.0		JCRIX
	INAAX	INFCX	INDAX	INDIX	INDSX	JCCSX	JCRAX	JCRCX	JCRIX

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

INDAX	+ 1.0	INFCX
INDIX	+ 1.0	INFCX
INDSX	+ 1.0	INFCX
INDIX	+ 1.0	INDAX
INDSX	+ 1.0	INDAX
INDSX	+ 1.0	INDIX

High negative correlations

JCCSX	- 0.61	INDSX
JCRIX	- 0.61	INDIX
JCRCX	- 0.61	INDIX
JCRAX	- 0.61	INDIX
JCCSX	- 0.61	INDIX
JCRAX	- 0.61	INDAX

Risk-Adjusted Indicators

There is a big difference between Riverfront Mutual Fund performing well and Riverfront Asset 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 Riverfront Asset'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
INAAX	0.58	(0.03)	0.00	(1.03)	0.00	0.00	1.30	(0.94)	4.70
INFCX	0.61	(0.06)	0.00	(0.16)	0.00	0.00	1.29	(1.69)	4.98
INDAX	0.61	(0.06)	0.00	(0.16)	0.00	0.00	1.30	(1.65)	4.63
INDIX	0.60	(0.07)	0.00	(0.16)	0.00	0.00	1.35	(1.62)	4.66
INDSX	0.61	(0.06)	0.00	(0.16)	0.00	0.00	1.27	(1.65)	4.71
JCCSX	0.87	0.19	0.10	(1.57)	1.14	(0.89)	1.47	(1.67)	5.53
JCRAX	0.86	0.18	0.11	0.42	1.12	(0.91)	1.48	(1.67)	5.55
JCRCX	0.86	0.18	0.11	0.42	1.11	(0.90)	1.54	(1.64)	5.63
JCRIX	0.85	0.18	0.12	0.42	1.11	(0.90)	1.49	(1.63)	5.52

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC