Riverfront Asset Correlations

RAGIX Fund

USD 15.31 0.10 0.66%

The current 90-days correlation between Riverfront Asset All and Janus High Yield Fund is 0.32 (i.e., Weak 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

Poor diversification

The correlation between Riverfront Asset Allocation and DJI is 0.69 (i.e., 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

0.73	ABALX	American Balanced	Pair Corr
0.72	BALCX	American Balanced	Pair Corr
0.77	BALFX	American Balanced	Pair Corr
0.72	FBONX	American Funds American	Pair Corr
0.72	FBAFX	American Funds American	Pair Corr
0.72	RLBCX	American Balanced	Pair Corr
0.72	RLBBX	American Balanced	Pair Corr
0.73	CLBAX	American Balanced	Pair Corr
0.72	CLBEX	American Balanced	Pair Corr
0.71	RLBFX	American Balanced	Pair Corr
0.66	VTSAX	Vanguard Total Stock	Pair Corr
0.71	VFIAX	Vanguard 500 Index	Pair Corr
0.74	VTSMX	Vanguard Total Stock	Pair Corr
0.74	VSMPX	Vanguard Total Stock	Pair Corr
0.74	VITSX	Vanguard Total Stock	Pair Corr
0.66	VSTSX	Vanguard Total Stock	Pair Corr
0.78	VTIAX	Vanguard Total Inter	Pair Corr
0.71	VFINX	Vanguard 500 Index	Pair Corr
0.63	VFFSX	Vanguard 500 Index	Pair Corr
0.62	XOM	Exxon Mobil Corp Earnings Call Tomorrow	Pair Corr
0.87	BA	Boeing	Pair Corr

Moving against Riverfront Mutual Fund

0.52	T	ATT Inc Earnings Call This Week	Pair Corr
0.42	HPQ	HP Inc	Pair Corr
0.41	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr
0.36	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	TAHFX	PHDTX	BUFHX	BHYRX	BXHCX	TIYRX	JDHYX
TAHFX		0.39	0.9	0.96	0.95	0.97	0.96	TAHFX
PHDTX	0.39		0.68	0.51	0.52	0.46	0.52	PHDTX
BUFHX	0.9	0.68		0.94	0.93	0.92	0.93	BUFHX
BHYRX	0.96	0.51	0.94		0.99	0.99	0.97	BHYRX
BXHCX	0.95	0.52	0.93	0.99		0.99	0.97	BXHCX
TIYRX	0.97	0.46	0.92	0.99	0.99		0.96	TIYRX
JDHYX	0.96	0.52	0.93	0.97	0.97	0.96		JDHYX
	TAHFX	PHDTX	BUFHX	BHYRX	BXHCX	TIYRX	JDHYX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TAHFX	0.13	0.01	(0.23)	0.20	(0.20)	0.25	(0.25)	1.11
PHDTX	0.12	(0.02)	0.00	(0.68)	0.00	0.22	(0.22)	3.12
BUFHX	0.10	0.00	(0.30)	0.08	(0.14)	0.19	(0.19)	0.76
BHYRX	0.13	0.02	(0.21)	4.30	(0.21)	0.28	(0.28)	0.84
BXHCX	0.13	0.02	(0.23)	1.82	(0.20)	0.25	(0.25)	0.86
TIYRX	0.13	0.02	(0.23)	1.38	(0.20)	0.34	(0.23)	0.91
JDHYX	0.16	0.02	(0.18)	0.18	(0.21)	0.41	(0.27)	0.95

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