Riverparknext Century Correlations
| RPNLX Fund | 13.02 0.04 0.31% |
The correlation of Riverparknext Century 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.
Riverparknext Century Correlation With Market
Modest diversification
The correlation between Riverparknext Century Lg and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riverparknext Century Lg and DJI in the same portfolio, assuming nothing else is changed.
Riverparknext |
Moving together with Riverparknext Mutual Fund
| 1.0 | RPNRX | Riverparknext Century | PairCorr |
| 0.85 | RPNIX | Riverparknext Century | PairCorr |
| 0.85 | RPNCX | Riverparknext Century | PairCorr |
| 0.65 | RCRFX | Riverpark Floating Rate | PairCorr |
| 0.62 | RCRIX | Riverpark Floating Rate | PairCorr |
| 0.94 | RLSIX | Riverpark Longshort | PairCorr |
| 0.94 | RLSFX | Riverpark Longshort | PairCorr |
| 0.95 | AGTHX | Growth Fund | PairCorr |
| 0.94 | VTSAX | Vanguard Total Stock | PairCorr |
| 0.96 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.94 | VTSMX | Vanguard Total Stock | PairCorr |
| 0.94 | VSMPX | Vanguard Total Stock | PairCorr |
| 0.94 | VSTSX | Vanguard Total Stock | PairCorr |
| 0.94 | VITSX | Vanguard Total Stock | PairCorr |
| 0.96 | VFINX | Vanguard 500 Index | PairCorr |
| 0.96 | VFFSX | Vanguard 500 Index | PairCorr |
| 0.74 | ISEIX | Voya Index Solution | PairCorr |
| 0.61 | ORIYX | Oak Ridge Small | PairCorr |
| 0.64 | PEBCX | Emerging Markets Bond | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | LGRXX | ||
| 0.0 | 0.65 | 0.1 | 0.88 | 0.03 | 0.42 | FCSCX | ||
| 0.0 | 0.65 | 0.71 | 0.71 | 0.66 | 0.88 | HMJFX | ||
| 0.0 | 0.1 | 0.71 | 0.12 | 0.95 | 0.93 | LCPMX | ||
| 0.0 | 0.88 | 0.71 | 0.12 | 0.05 | 0.44 | USMTX | ||
| 0.0 | 0.03 | 0.66 | 0.95 | 0.05 | 0.89 | SNCAX | ||
| 0.0 | 0.42 | 0.88 | 0.93 | 0.44 | 0.89 | NSIOX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Riverparknext Mutual Fund performing well and Riverparknext Century 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 Riverparknext Century'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LGRXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FCSCX | 0.06 | 0.00 | (0.58) | 0.35 | 0.00 | 0.13 | 0.67 | |||
| HMJFX | 0.06 | 0.00 | (0.41) | 0.25 | 0.00 | 0.10 | 0.61 | |||
| LCPMX | 0.18 | 0.00 | (0.16) | 0.15 | 0.26 | 0.45 | 1.70 | |||
| USMTX | 0.03 | 0.00 | 0.00 | (0.13) | 0.00 | 0.10 | 0.30 | |||
| SNCAX | 0.13 | (0.01) | (0.35) | (0.10) | 0.19 | 0.29 | 0.94 | |||
| NSIOX | 0.19 | 0.01 | (0.17) | 0.35 | 0.22 | 0.50 | 1.62 |