Riverpark Short Correlations
The correlation of Riverpark Short 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.
Riverpark |
Moving together with Riverpark Mutual Fund
| 0.71 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.74 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.61 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.78 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.79 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.74 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
Moving against Riverpark Mutual Fund
| 0.74 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.65 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.45 | NHS | Neuberger Berman High | PairCorr |
| 0.42 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.39 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
| 0.96 | 0.77 | 0.86 | 0.86 | 0.94 | MSSGX | ||
| 0.96 | 0.75 | 0.9 | 0.91 | 0.95 | KSCYX | ||
| 0.77 | 0.75 | 0.84 | 0.83 | 0.75 | GMAWX | ||
| 0.86 | 0.9 | 0.84 | 0.98 | 0.88 | TFAGX | ||
| 0.86 | 0.91 | 0.83 | 0.98 | 0.86 | TRBCX | ||
| 0.94 | 0.95 | 0.75 | 0.88 | 0.86 | EIPIX | ||
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Risk-Adjusted Indicators
There is a big difference between Riverpark Mutual Fund performing well and Riverpark Short 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 Riverpark Short'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MSSGX | 1.45 | 0.55 | 0.29 | 7.46 | 1.11 | 3.46 | 7.23 | |||
| KSCYX | 1.26 | 0.48 | 0.28 | 0.56 | 1.15 | 3.29 | 13.94 | |||
| GMAWX | 0.81 | 0.10 | 0.00 | 0.74 | 0.87 | 1.82 | 6.60 | |||
| TFAGX | 0.59 | (0.01) | (0.02) | 0.11 | 0.82 | 1.32 | 4.35 | |||
| TRBCX | 0.72 | 0.02 | 0.00 | 0.14 | 0.95 | 1.66 | 4.86 | |||
| EIPIX | 0.58 | 0.12 | 0.08 | 0.39 | 0.45 | 1.26 | 2.96 |