Riverfront Dynamic Correlations

RLGAX Fund

USD 15.39 0.08 0.52%

The current 90-days correlation between Riverfront Dynamic Equity and Pcm Fund is 0.23 (i.e., Modest diversification). The correlation of Riverfront 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.

Riverfront Dynamic Correlation With Market

Very poor diversification

The correlation between Riverfront Dynamic Equity and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riverfront Dynamic Equity 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 Dynamic Equity. 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 nation.

Moving together with Riverfront Mutual Fund

0.92	RAGIX	Riverfront Asset All	Pair Corr
0.94	JCCSX	Alps/corecommodity	Pair Corr
0.95	JCRAX	Alps/corecommodity	Pair Corr
0.95	JCRCX	Alps/corecommodity	Pair Corr
0.95	JCRIX	Alps/corecommodity	Pair Corr
0.85	BHIMX	ALPS Series Trust	Pair Corr
0.89	BHIIX	Brigade High Income	Pair Corr
0.94	SMASX	Alpssmith Short Duration	Pair Corr
0.78	SMAMX	Alpssmith Total Return	Pair Corr
0.89	SMCMX	Alpssmith Short Duration	Pair Corr
0.78	SMCVX	ALPSSmith Credit Opp	Pair Corr
0.8	SMCRX	ALPSSmith Credit Opp	Pair Corr
0.72	SMCHX	Alpssmith Total Return	Pair Corr
0.81	SMCAX	DEUTSCHE MID CAP	Pair Corr
0.8	SMCCX	DEUTSCHE MID CAP	Pair Corr
0.95	SMDSX	Alpssmith Short Duration	Pair Corr
0.94	SMRSX	Alpssmith Short Duration	Pair Corr
0.78	SMTRX	Alpssmith Total Return	Pair Corr
0.91	RLGCX	Riverfront Dynamic Equity	Pair Corr
0.94	RLIIX	Riverfront Dynamic Equity	Pair Corr
0.81	ALCBX	ALPSSmith Balanced	Pair Corr
0.82	ALIBX	ALPSSmith Balanced	Pair Corr
0.81	ALPBX	ALPSSmith Balanced	Pair Corr
0.96	ABALX	American Balanced	Pair Corr
0.93	BALCX	American Balanced	Pair Corr
0.93	BALFX	American Balanced	Pair Corr
0.85	FBONX	American Funds American	Pair Corr
0.84	FBAFX	American Funds American	Pair Corr

Moving against Riverfront Mutual Fund

0.51	AVPEX	Alpsred Rocks Listed	Pair Corr
0.48	INFCX	Alpskotak India Growth	Pair Corr
0.48	INDAX	Alpskotak India Growth	Pair Corr
0.48	INDIX	Alpskotak India Growth	Pair Corr
0.48	LPERX	Alpsred Rocks Listed	Pair Corr
0.48	LPFCX	Alpsred Rocks Listed	Pair Corr
0.48	LPEFX	Alpsred Rocks Listed	Pair Corr
0.47	INAAX	Alpskotak India Growth	Pair Corr
0.47	INDSX	Financial Investors Trust	Pair Corr
0.47	LPEIX	Alpsred Rocks Listed	Pair Corr

Related Correlations Analysis

	BJBHX	MSSVX	HMSFX	ARFFX	VLT	SIPIX	SFDYX	SEMCX	SPTE	PCM
BJBHX		0.93	0.83	0.95	0.41	0.85	0.85	0.88	0.85	0.3	BJBHX
MSSVX	0.93		0.67	0.92	0.49	0.84	0.84	0.85	0.82	0.26	MSSVX
HMSFX	0.83	0.67		0.72	-0.03	0.56	0.56	0.88	0.76	0.58	HMSFX
ARFFX	0.95	0.92	0.72		0.42	0.97	0.97	0.85	0.74	0.22	ARFFX
VLT	0.41	0.49	-0.03	0.42		0.42	0.42	0.14	0.32	-0.3	VLT
SIPIX	0.85	0.84	0.56	0.97	0.42		1.0	0.74	0.6	0.1	SIPIX
SFDYX	0.85	0.84	0.56	0.97	0.42	1.0		0.74	0.6	0.1	SFDYX
SEMCX	0.88	0.85	0.88	0.85	0.14	0.74	0.74		0.78	0.59	SEMCX
SPTE	0.85	0.82	0.76	0.74	0.32	0.6	0.6	0.78		0.39	SPTE
PCM	0.3	0.26	0.58	0.22	-0.3	0.1	0.1	0.59	0.39		PCM
	BJBHX	MSSVX	HMSFX	ARFFX	VLT	SIPIX	SFDYX	SEMCX	SPTE	PCM

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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

SFDYX	+ 1.0	SIPIX
SIPIX	+ 0.97	ARFFX
SFDYX	+ 0.97	ARFFX
ARFFX	+ 0.95	BJBHX
MSSVX	+ 0.93	BJBHX
ARFFX	+ 0.92	MSSVX

High negative correlations

PCM	- 0.3	VLT
VLT	- 0.03	HMSFX

Risk-Adjusted Indicators

There is a big difference between Riverfront Mutual Fund performing well and Riverfront 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 Riverfront 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
BJBHX	0.12	0.03	(0.05)	0.46	0.00	(0.18)	0.26	(0.13)	1.03
MSSVX	1.04	0.18	0.13	0.18	1.14	(1.11)	2.25	(2.35)	7.30
HMSFX	0.73	0.19	0.15	(2.52)	0.74	(0.87)	1.46	(1.53)	5.59
ARFFX	0.91	0.39	0.48	0.63	0.00	(1.18)	1.88	(1.30)	15.15
VLT	0.25	(0.02)	0.00	(0.11)	0.00	0.00	0.55	(0.64)	2.20
SIPIX	1.11	0.51	0.63	1.04	0.00	(1.42)	1.48	(1.38)	28.63
SFDYX	1.11	0.51	0.63	1.04	0.00	(1.42)	1.49	(1.35)	28.50
SEMCX	0.61	0.07	0.09	0.12	0.61	(0.69)	1.36	(1.35)	3.97
SPTE	0.99	0.14	0.07	(1.32)	1.39	(0.92)	1.88	(2.15)	6.11
PCM	0.32	0.00	(0.07)	0.04	0.36	(0.42)	0.67	(0.67)	2.32

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