Riverfront Dynamic Correlations

RLIIX Fund

USD 15.26 0.01 0.07%

The current 90-days correlation between Riverfront Dynamic Equity and Artisan Global Unconstrained is -0.11 (i.e., Good 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 0.89 (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 gross domestic product.

Moving together with Riverfront Mutual Fund

0.98	RAGIX	Riverfront Asset All	Pair Corr
0.9	JCRAX	Alps/corecommodity	Pair Corr
0.9	JCRCX	Alps/corecommodity	Pair Corr
0.94	BHIMX	ALPS Series Trust	Pair Corr
0.8	LPEIX	Alpsred Rocks Listed	Pair Corr
0.79	LPERX	Alpsred Rocks Listed	Pair Corr
0.9	SMASX	Alpssmith Short Duration	Pair Corr
0.67	SMCVX	ALPSSmith Credit Opp	Pair Corr
0.74	SMCRX	ALPSSmith Credit Opp	Pair Corr
0.75	SMCAX	DEUTSCHE MID CAP	Pair Corr
0.73	SMCCX	DEUTSCHE MID CAP	Pair Corr
0.9	SMRSX	Alpssmith Short Duration	Pair Corr
0.98	RLGCX	Riverfront Dynamic Equity	Pair Corr
0.94	RLGAX	Riverfront Dynamic Equity	Pair Corr
0.89	ALCBX	ALPSSmith Balanced	Pair Corr
0.88	ALIBX	ALPSSmith Balanced	Pair Corr
0.88	ALPBX	ALPSSmith Balanced	Pair Corr
0.93	ABALX	American Balanced	Pair Corr
0.95	BALCX	American Balanced	Pair Corr
0.95	BALFX	American Balanced	Pair Corr
0.94	FBONX	American Funds American	Pair Corr
0.94	FBAFX	American Funds American	Pair Corr
0.94	RLBCX	American Balanced	Pair Corr
0.94	RLBBX	American Balanced	Pair Corr
0.94	CLBAX	American Balanced	Pair Corr
0.94	CLBEX	American Balanced	Pair Corr
0.94	RLBFX	American Balanced	Pair Corr
0.63	ASG	Liberty All Star	Pair Corr
0.75	CII	Blackrock Enhanced	Pair Corr
0.86	ETV	Eaton Vance Tax	Pair Corr
0.92	CLM	Cornerstone Strategic	Pair Corr

Moving against Riverfront Mutual Fund

0.46	INDIX	Alpskotak India Growth Steady Growth	Pair Corr
0.45	INDAX	Alpskotak India Growth Steady Growth	Pair Corr
0.45	INDSX	Financial Investors Trust Steady Growth	Pair Corr
0.44	INAAX	Alpskotak India Growth Steady Growth	Pair Corr
0.43	INFCX	Alpskotak India Growth Steady Growth	Pair Corr
0.59	IFN	India Closed	Pair Corr
0.58	IIF	Morgan Stanley India	Pair Corr

Related Correlations Analysis

	DHGCX	CABIX	TEDIX	MSTGX	APDPX
DHGCX		-0.11	-0.06	-0.13	-0.23	DHGCX
CABIX	-0.11		0.95	0.92	0.92	CABIX
TEDIX	-0.06	0.95		0.92	0.93	TEDIX
MSTGX	-0.13	0.92	0.92		0.96	MSTGX
APDPX	-0.23	0.92	0.93	0.96		APDPX
	DHGCX	CABIX	TEDIX	MSTGX	APDPX

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

APDPX	+ 0.96	MSTGX
TEDIX	+ 0.95	CABIX
APDPX	+ 0.93	TEDIX
MSTGX	+ 0.92	CABIX
APDPX	+ 0.92	CABIX
MSTGX	+ 0.92	TEDIX

High negative correlations

APDPX	- 0.23	DHGCX
MSTGX	- 0.13	DHGCX
CABIX	- 0.11	DHGCX
TEDIX	- 0.06	DHGCX

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
DHGCX	0.10	(0.02)	0.00	(0.94)	0.00	0.00	0.16	(0.21)	0.62
CABIX	0.44	0.06	0.07	0.14	0.41	(0.48)	0.83	(0.89)	5.68
TEDIX	0.55	0.07	0.05	0.43	0.58	(0.56)	1.20	(1.10)	3.62
MSTGX	0.25	0.08	0.14	0.30	0.00	(0.30)	0.58	(0.41)	1.41
APDPX	0.10	0.07	0.11	(3.34)	0.00	(0.15)	0.28	(0.10)	0.82

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