Riverpark Large Correlations

RPXFX Fund

USD 22.44 1.33 5.60%

The current 90-days correlation between Riverpark Large Growth and Riverpark Short Term is 0.52 (i.e., Very weak diversification). The correlation of Riverpark Large 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 Large Correlation With Market

Very poor diversification

The correlation between Riverpark Large Growth and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riverpark Large Growth 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 Riverpark Large Growth. 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 census.

Moving together with Riverpark Mutual Fund

0.9	RPNIX	Riverpark/next Century	Pair Corr
0.9	RPNCX	Riverpark/next Century	Pair Corr
0.9	RPNLX	Riverpark/next Century	Pair Corr
0.9	RPXIX	Riverpark Large Growth	Pair Corr
0.92	RWGFX	Riverpark/wedgewood	Pair Corr
0.92	RWGIX	Riverpark/wedgewood	Pair Corr
0.95	RLSIX	Riverpark Long/short	Pair Corr
1.0	RLSFX	Riverpark Long/short	Pair Corr
0.95	FAFGX	American Funds	Pair Corr
0.95	FFAFX	American Funds	Pair Corr
0.99	GFACX	Growth Fund	Pair Corr
0.95	GFAFX	Growth Fund	Pair Corr
0.99	AGTHX	Growth Fund	Pair Corr
0.99	CGFFX	Growth Fund	Pair Corr
0.95	CGFCX	Growth Fund	Pair Corr
0.99	CGFAX	Growth Fund	Pair Corr
0.95	CGFEX	Growth Fund	Pair Corr
0.99	RGAEX	Growth Fund	Pair Corr
0.94	VTSAX	Vanguard Total Stock	Pair Corr
0.94	VFIAX	Vanguard 500 Index	Pair Corr
0.94	VTSMX	Vanguard Total Stock	Pair Corr
0.94	VSMPX	Vanguard Total Stock	Pair Corr
0.94	VSTSX	Vanguard Total Stock	Pair Corr
0.94	VITSX	Vanguard Total Stock	Pair Corr
0.94	VFINX	Vanguard 500 Index	Pair Corr
0.94	VFFSX	Vanguard 500 Index	Pair Corr

Moving against Riverpark Mutual Fund

0.51	RCRIX	Riverpark Floating Rate	Pair Corr
0.44	RPHIX	Riverpark Short Term	Pair Corr
0.41	RCRFX	Riverpark Floating Rate	Pair Corr
0.36	RPHYX	Riverpark Short Term	Pair Corr
0.35	RSIVX	Riverpark Strategic	Pair Corr
0.72	RGVGX	Us Government Securities	Pair Corr
0.71	DLSNX	Doubleline Low Duration	Pair Corr
0.64	VTBNX	Vanguard Total Bond	Pair Corr
0.61	ACATX	Alger Capital Apprec	Pair Corr
0.55	PONAX	Pimco Income	Pair Corr
0.5	VEDIX	Vanguard Extended Steady Growth	Pair Corr
0.37	VGTSX	Vanguard Total Inter	Pair Corr
0.37	VTIAX	Vanguard Total Inter	Pair Corr
0.36	OAKWX	Oakmark Global Select	Pair Corr
0.33	RAPAX	Cohen Steers Real	Pair Corr

Related Correlations Analysis

	RPHIX	RPHYX	RPNIX	RPNCX	RPXIX	RPXFX	RSIIX	RSIVX
RPHIX		0.99	-0.7	-0.7	-0.45	-0.44	0.95	0.96	RPHIX
RPHYX	0.99		-0.63	-0.63	-0.37	-0.36	0.95	0.96	RPHYX
RPNIX	-0.7	-0.63		1.0	0.85	0.9	-0.58	-0.62	RPNIX
RPNCX	-0.7	-0.63	1.0		0.85	0.9	-0.58	-0.62	RPNCX
RPXIX	-0.45	-0.37	0.85	0.85		0.9	-0.3	-0.33	RPXIX
RPXFX	-0.44	-0.36	0.9	0.9	0.9		-0.27	-0.35	RPXFX
RSIIX	0.95	0.95	-0.58	-0.58	-0.3	-0.27		0.98	RSIIX
RSIVX	0.96	0.96	-0.62	-0.62	-0.33	-0.35	0.98		RSIVX
	RPHIX	RPHYX	RPNIX	RPNCX	RPXIX	RPXFX	RSIIX	RSIVX

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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

RPNCX	+ 1.0	RPNIX
RPHYX	+ 0.99	RPHIX
RSIVX	+ 0.98	RSIIX
RSIVX	+ 0.96	RPHIX
RSIVX	+ 0.96	RPHYX
RSIIX	+ 0.95	RPHIX

High negative correlations

RPNCX	- 0.7	RPHIX
RPNIX	- 0.7	RPHIX
RPNCX	- 0.63	RPHYX
RPNIX	- 0.63	RPHYX
RSIVX	- 0.62	RPNCX
RSIVX	- 0.62	RPNIX

Risk-Adjusted Indicators

There is a big difference between Riverpark Mutual Fund performing well and Riverpark Large 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 Large'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
RPHIX	0.05	0.01	1.29	0.04	0.00	(0.10)	0.10	(0.10)	0.21
RPHYX	0.05	0.00	1.30	(0.02)	0.00	(0.10)	0.10	(0.10)	0.21
RPNIX	1.37	(0.25)	0.00	(1.10)	0.00	0.00	2.34	(3.62)	6.67
RPNCX	1.38	(0.25)	0.00	(1.08)	0.00	0.00	2.35	(3.64)	6.80
RPXIX	0.96	(0.13)	0.00	(3.11)	0.00	0.00	1.60	(2.57)	6.15
RPXFX	1.12	(0.09)	0.00	(0.24)	0.00	0.00	1.60	(2.75)	8.68
RSIIX	0.08	0.01	0.61	0.01	0.07	(0.13)	0.12	(0.12)	0.70
RSIVX	0.08	0.01	0.90	0.27	0.00	(0.13)	0.12	(0.12)	0.46

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