Riverpark Strategic Correlations

RSIIX Fund

USD 8.56 0.01 0.12%

The current 90-days correlation between Riverpark Strategic and Riverpark Large Growth is 0.17 (i.e., Average diversification). The correlation of Riverpark Strategic 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 Strategic Correlation With Market

Almost no diversification

The correlation between Riverpark Strategic Income and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riverpark Strategic Income 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 Strategic Income. 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

0.96	RPHIX	Riverpark Short Term	Pair Corr
0.96	RPHYX	Riverpark Short Term	Pair Corr
0.83	RPNIX	Riverpark/next Century	Pair Corr
0.83	RPNCX	Riverpark/next Century	Pair Corr
0.62	RPXFX	Riverpark Large Growth	Pair Corr
1.0	RSIVX	Riverpark Strategic	Pair Corr
0.97	RCRFX	Riverpark Floating Rate	Pair Corr
0.98	RCRIX	Riverpark Floating Rate	Pair Corr
0.86	RWGFX	Riverparkwedgewood	Pair Corr
0.7	RWGIX	Riverparkwedgewood	Pair Corr
0.95	AHTCX	American High Income	Pair Corr
0.95	AHTFX	American High Income	Pair Corr
0.95	AHITX	American High Income	Pair Corr
0.93	BHYCX	Blackrock Hi Yld	Pair Corr
0.93	BHYIX	Blackrock High Yield	Pair Corr
0.93	BHYSX	Blackrock Hi Yld	Pair Corr
0.93	BHYAX	Blackrock High Yield	Pair Corr
0.94	VWEHX	Vanguard High Yield	Pair Corr
0.93	VWEAX	Vanguard High Yield	Pair Corr
0.94	PHYZX	Prudential High Yield	Pair Corr
0.85	SMPIX	Semiconductor Ultrasector	Pair Corr
0.86	SMPSX	Semiconductor Ultrasector	Pair Corr
0.91	PMPSX	Precious Metals Ultr	Pair Corr
0.91	PMPIX	Precious Metals Ultr	Pair Corr
0.93	UJPIX	Ultrajapan Profund	Pair Corr
0.93	EKWYX	Wells Fargo Advantage	Pair Corr
0.93	FRGOX	Franklin Gold Precious	Pair Corr
0.92	EKWAX	Wells Fargo Advantage Steady Growth	Pair Corr
0.93	INIVX	International Investors	Pair Corr
0.94	VSPVX	Vanguard Sp 500	Pair Corr
0.93	PZIEX	Pzena Emerging Markets	Pair Corr
0.71	VFINX	Vanguard 500 Index	Pair Corr
0.96	FPTPX	American Funds Conse	Pair Corr

Moving against Riverpark Mutual Fund

0.57	RLSFX	Riverpark Longshort	Pair Corr
0.56	RLSIX	Riverpark Long/short	Pair Corr
0.46	RPNLX	Riverpark/next Century	Pair Corr
0.36	RPXIX	Riverpark Large Growth	Pair Corr
0.62	UJPSX	Ultrajapan Profund	Pair Corr

Related Correlations Analysis

	RPHIX	RPNRX	RPNIX	RPNCX	RPNLX	RPXIX	RPXFX
RPHIX		0.5	0.82	0.82	-0.31	-0.23	0.7	RPHIX
RPNRX	0.5		0.57	0.57	0.54	0.56	0.91	RPNRX
RPNIX	0.82	0.57		1.0	-0.04	0.04	0.68	RPNIX
RPNCX	0.82	0.57	1.0		-0.04	0.04	0.69	RPNCX
RPNLX	-0.31	0.54	-0.04	-0.04		0.85	0.17	RPNLX
RPXIX	-0.23	0.56	0.04	0.04	0.85		0.31	RPXIX
RPXFX	0.7	0.91	0.68	0.69	0.17	0.31		RPXFX
	RPHIX	RPNRX	RPNIX	RPNCX	RPNLX	RPXIX	RPXFX

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
RPXFX	+ 0.91	RPNRX
RPXIX	+ 0.85	RPNLX
RPNIX	+ 0.82	RPHIX
RPNCX	+ 0.82	RPHIX
RPXFX	+ 0.7	RPHIX

High negative correlations

RPNLX	- 0.31	RPHIX
RPXIX	- 0.23	RPHIX
RPNLX	- 0.04	RPNCX
RPNLX	- 0.04	RPNIX

Risk-Adjusted Indicators

There is a big difference between Riverpark Mutual Fund performing well and Riverpark Strategic 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 Strategic'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	0.04	0.01	0.00	3.60	0.00	0.00	0.10	0.00	0.10
RPNRX	0.94	(0.06)	0.00	(0.03)	0.00	0.00	1.70	(2.28)	6.23
RPNIX	1.27	0.02	0.02	0.06	1.62	(1.44)	2.46	(2.83)	7.09
RPNCX	1.26	0.02	0.02	0.06	1.61	(1.39)	2.47	(2.85)	7.14
RPNLX	0.93	(0.16)	0.00	(0.12)	0.00	0.00	1.57	(2.41)	5.59
RPXIX	0.66	(0.12)	0.00	1.21	0.00	0.00	1.19	(1.90)	4.08
RPXFX	0.77	0.00	(0.01)	0.04	0.98	(0.81)	1.24	(1.85)	12.15

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