Rivernorth Opportunities Correlations

RIV Fund

USD 12.36 0.01 0.08%

The current 90-days correlation between Rivernorth Opportunities and Ares Dynamic Credit is 0.03 (i.e., Significant diversification). The correlation of Rivernorth Opportunities 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.

Rivernorth Opportunities Correlation With Market

Weak diversification

The correlation between Rivernorth Opportunities and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rivernorth Opportunities 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 Rivernorth Opportunities. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Rivernorth Fund

0.63	SMPSX	Semiconductor Ultrasector	Pair Corr
0.76	LETRX	Voya Russia Fund	Pair Corr
0.85	FEMDX	Franklin Emerging Market	Pair Corr
0.69	VTSMX	Vanguard Total Stock	Pair Corr
0.73	FBALX	Fidelity Balanced	Pair Corr
0.79	LLPFX	Longleaf Partners	Pair Corr
0.78	RQECX	Resq Dynamic Allocation	Pair Corr
0.67	LTFOX	Lord Abbett Affiliated	Pair Corr
0.81	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.64	T	ATT Inc Sell-off Trend	Pair Corr
0.68	HPQ	HP Inc	Pair Corr
0.74	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.68	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.93	HD	Home Depot	Pair Corr
0.89	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.8	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.7	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Moving against Rivernorth Fund

0.66	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.5	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	ARDC	PGZ	TPZ	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3
ARDC		0.02	0.24	0.0	0.19	0.21	0.13	0.15	0.29	-0.2	ARDC
PGZ	0.02		-0.47	0.0	0.12	0.25	-0.49	0.33	-0.5	-0.64	PGZ
TPZ	0.24	-0.47		0.0	0.39	0.56	0.75	0.37	0.75	0.59	TPZ
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.19	0.12	0.39	0.0		0.69	-0.11	0.87	-0.02	0.19	MSTSX
LBHIX	0.21	0.25	0.56	0.0	0.69		0.15	0.72	0.26	0.09	LBHIX
VIASP	0.13	-0.49	0.75	0.0	-0.11	0.15		0.0	0.78	0.47	VIASP
RRTLX	0.15	0.33	0.37	0.0	0.87	0.72	0.0		0.05	0.01	RRTLX
OSHDF	0.29	-0.5	0.75	0.0	-0.02	0.26	0.78	0.05		0.35	OSHDF
70082LAB3	-0.2	-0.64	0.59	0.0	0.19	0.09	0.47	0.01	0.35		70082LAB3
	ARDC	PGZ	TPZ	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3

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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

RRTLX	+ 0.87	MSTSX
OSHDF	+ 0.78	VIASP
VIASP	+ 0.75	TPZ
OSHDF	+ 0.75	TPZ
RRTLX	+ 0.72	LBHIX
LBHIX	+ 0.69	MSTSX

High negative correlations

70082LAB3	- 0.64	PGZ
OSHDF	- 0.5	PGZ
VIASP	- 0.49	PGZ
TPZ	- 0.47	PGZ
70082LAB3	- 0.2	ARDC
VIASP	- 0.11	MSTSX

Risk-Adjusted Indicators

There is a big difference between Rivernorth Fund performing well and Rivernorth Opportunities 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 Rivernorth Opportunities' 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
ARDC	0.41	0.02	(0.16)	0.29	0.48	(0.44)	1.08	(0.94)	2.49
PGZ	0.48	0.03	(0.14)	0.74	0.57	(0.49)	1.05	(0.85)	3.11
TPZ	0.68	0.19	0.16	0.42	0.53	(0.84)	1.82	(1.12)	5.57
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.48	(0.04)	(0.13)	0.06	0.50	(0.59)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.41)	0.46	0.00	(0.29)	0.24	(0.24)	0.96
VIASP	0.72	0.00	(0.02)	0.00	1.05	(0.80)	2.28	(1.15)	7.18
RRTLX	0.24	(0.02)	(0.31)	0.05	0.24	(0.27)	0.56	(0.56)	1.37
OSHDF	39.65	20.22	0.00	(24.88)	0.00	0.00	0.00	0.00	1,329
70082LAB3	1.00	0.07	(0.04)	(0.12)	2.25	(1.07)	1.75	(1.69)	24.27

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