Riverpark Large Correlations

RPXIX Fund

USD 29.27 0.14 0.48%

The current 90-days correlation between Riverpark Large Growth and Wabmsx is 0.29 (i.e., Modest 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 weak diversification

The correlation between Riverpark Large Growth and DJI is 0.53 (i.e., Very weak 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 gross domestic product.

Moving together with Riverpark Mutual Fund

0.94	RPXFX	Riverpark Large Growth	Pair Corr
0.9	RWGFX	Riverpark/wedgewood	Pair Corr
0.91	RWGIX	Riverpark/wedgewood	Pair Corr
0.95	FAFGX	American Funds	Pair Corr
0.95	FFAFX	American Funds	Pair Corr
0.95	GFACX	Growth Fund	Pair Corr
0.95	GFAFX	Growth Fund	Pair Corr
0.95	CGFFX	Growth Fund	Pair Corr
0.95	CGFCX	Growth Fund	Pair Corr
0.95	CGFAX	Growth Fund	Pair Corr
0.95	CGFEX	Growth Fund	Pair Corr
0.95	RGAEX	Growth Fund	Pair Corr
0.67	VGTSX	Vanguard Total Inter	Pair Corr
0.67	VTIAX	Vanguard Total Inter	Pair Corr
0.73	ISEIX	Voya Index Solution	Pair Corr
0.81	ORIYX	Oak Ridge Small	Pair Corr
0.65	PEBCX	Emerging Markets Bond	Pair Corr
0.77	BACPX	Blackrock Conservative	Pair Corr

Moving against Riverpark Mutual Fund

0.56	RPHIX	Riverpark Short Term	Pair Corr
0.52	RCRIX	Riverpark Floating Rate	Pair Corr
0.51	RPHYX	Riverpark Short Term	Pair Corr
0.48	RSIIX	Riverpark Strategic	Pair Corr
0.36	RCRFX	Riverpark Floating Rate	Pair Corr
0.34	RSIVX	Riverpark Strategic	Pair Corr
0.51	GPICX	Guidepath Conservative	Pair Corr

Related Correlations Analysis

	WABMSX	FXYBJX	FTUFOX	FABWX	FVKVWX	FURYAX	RETSX	MFTFX
WABMSX		0.65	0.54	0.76	0.5	0.81	0.56	-0.32	WABMSX
FXYBJX	0.65		0.68	0.39	0.07	0.65	0.44	-0.39	FXYBJX
FTUFOX	0.54	0.68		0.25	-0.1	0.37	0.41	-0.44	FTUFOX
FABWX	0.76	0.39	0.25		0.52	0.61	0.52	0.1	FABWX
FVKVWX	0.5	0.07	-0.1	0.52		0.73	0.33	0.1	FVKVWX
FURYAX	0.81	0.65	0.37	0.61	0.73		0.53	-0.25	FURYAX
RETSX	0.56	0.44	0.41	0.52	0.33	0.53		0.21	RETSX
MFTFX	-0.32	-0.39	-0.44	0.1	0.1	-0.25	0.21		MFTFX
	WABMSX	FXYBJX	FTUFOX	FABWX	FVKVWX	FURYAX	RETSX	MFTFX

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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

FURYAX	+ 0.81	WABMSX
FABWX	+ 0.76	WABMSX
FURYAX	+ 0.73	FVKVWX
FTUFOX	+ 0.68	FXYBJX
FXYBJX	+ 0.65	WABMSX
FURYAX	+ 0.65	FXYBJX

High negative correlations

MFTFX	- 0.44	FTUFOX
MFTFX	- 0.39	FXYBJX
MFTFX	- 0.32	WABMSX
MFTFX	- 0.25	FURYAX
FVKVWX	- 0.1	FTUFOX

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
WABMSX	0.49	0.16	0.13	1.19	0.36	(0.62)	1.13	(0.86)	2.33
FXYBJX	0.38	0.07	0.00	2.25	0.00	0.00	1.16	(1.53)	1.72
FTUFOX	0.09	0.00	(0.51)	0.18	0.00	(0.10)	0.22	(0.11)	0.57
FABWX	0.96	0.10	0.03	0.52	1.61	(1.00)	1.52	(1.16)	6.74
FVKVWX	0.60	0.18	0.00	0.98	0.00	0.00	1.20	(1.24)	2.52
FURYAX	0.57	0.15	0.12	1.02	0.47	(0.74)	1.18	(1.06)	2.27
RETSX	0.59	0.04	0.00	0.17	0.78	(0.64)	1.19	(1.10)	5.40
MFTFX	0.98	0.23	0.09	(1.23)	1.06	(1.03)	1.88	(2.06)	5.07

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