Riverpark Strategic Correlations

RSIIX Fund

USD 8.68 0.04 0.46%

The current 90-days correlation between Riverpark Strategic and Artisan High Income is 0.25 (i.e., Modest 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

Average diversification

The correlation between Riverpark Strategic Income and DJI is 0.17 (i.e., Average 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

0.92	RPHIX	Riverpark Short Term	Pair Corr
0.92	RPHYX	Riverpark Short Term	Pair Corr
0.67	RSIVX	Riverpark Strategic	Pair Corr
0.61	RCRFX	Riverpark Floating Rate	Pair Corr
0.89	RCRIX	Riverpark Floating Rate	Pair Corr
0.65	FAHHX	American Funds American	Pair Corr
0.65	FTAHX	American Funds American	Pair Corr
0.65	GPMFX	Guidepath Managed Futures	Pair Corr
0.69	RIMOX	City National Rochdale	Pair Corr

Moving against Riverpark Mutual Fund

0.62	RWGFX	Riverpark/wedgewood	Pair Corr
0.61	RWGIX	Riverpark/wedgewood	Pair Corr
0.52	RPXFX	Riverpark Large Growth	Pair Corr
0.48	RPXIX	Riverpark Large Growth	Pair Corr

Related Correlations Analysis

	ARTFX	NEAIX	CWFIX	LBETX	AGDAX	RHYAX	PHDTX
ARTFX		0.37	0.93	0.64	0.99	0.91	0.92	ARTFX
NEAIX	0.37		0.2	0.56	0.38	0.28	0.54	NEAIX
CWFIX	0.93	0.2		0.65	0.91	0.94	0.85	CWFIX
LBETX	0.64	0.56	0.65		0.68	0.78	0.75	LBETX
AGDAX	0.99	0.38	0.91	0.68		0.9	0.93	AGDAX
RHYAX	0.91	0.28	0.94	0.78	0.9		0.89	RHYAX
PHDTX	0.92	0.54	0.85	0.75	0.93	0.89		PHDTX
	ARTFX	NEAIX	CWFIX	LBETX	AGDAX	RHYAX	PHDTX

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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
ARTFX	0.11	0.02	(0.22)	1.23	0.00	(0.18)	0.22	(0.22)	1.10
NEAIX	1.17	0.05	0.01	0.16	1.48	(1.24)	2.28	(2.27)	9.37
CWFIX	0.08	0.01	(0.35)	0.81	0.00	(0.14)	0.21	(0.11)	0.42
LBETX	0.25	0.02	(0.10)	0.17	0.25	(0.30)	0.45	(0.52)	2.03
AGDAX	0.13	0.02	(0.23)	0.81	0.00	(0.26)	0.29	(0.29)	1.15
RHYAX	0.10	0.01	(0.21)	0.44	0.00	(0.15)	0.21	(0.21)	0.72
PHDTX	0.12	0.01	(0.23)	0.26	0.11	(0.14)	0.23	(0.22)	1.01

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