Riverparkwedgewood Correlations

RWGFX Fund

USD 4.67 0.02 0.43%

The current 90-days correlation between Riverparkwedgewood and Riverparkwedgewood Fund Institutional is 1.0 (i.e., No risk reduction). The correlation of Riverparkwedgewood 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.

Riverparkwedgewood Correlation With Market

Weak diversification

The correlation between Riverparkwedgewood Fund Retail and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riverparkwedgewood Fund Retail 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 Riverparkwedgewood Fund Retail. 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 Riverparkwedgewood Mutual Fund

0.94	RPXIX	Riverpark Large Growth	Pair Corr
0.95	RPXFX	Riverpark Large Growth	Pair Corr
1.0	RWGIX	Riverparkwedgewood	Pair Corr
0.89	FAFGX	American Funds	Pair Corr
0.89	FFAFX	American Funds	Pair Corr
0.91	GFACX	Growth Fund	Pair Corr
0.89	GFAFX	Growth Fund	Pair Corr
0.89	CGFFX	Growth Fund	Pair Corr
0.91	CGFCX	Growth Fund	Pair Corr
0.89	CGFAX	Growth Fund	Pair Corr
0.9	CGFEX	Growth Fund	Pair Corr
0.89	RGAEX	Growth Fund	Pair Corr
0.76	WHIYX	Ivy High Income	Pair Corr
0.78	IVHIX	Ivy High Income	Pair Corr
0.78	IHIFX	Ivy High Income	Pair Corr
0.81	WRHIX	Ivy High Income	Pair Corr
0.76	WHIAX	Ivy High Income	Pair Corr
0.81	CSJZX	Cohen Steers Realty	Pair Corr
0.81	CSRSX	Cohen Steers Realty	Pair Corr

Moving against Riverparkwedgewood Mutual Fund

0.63	RPHYX	Riverpark Short Term	Pair Corr
0.61	RPHIX	Riverpark Short Term	Pair Corr
0.56	RSIIX	Riverpark Strategic	Pair Corr
0.55	RSIVX	Riverpark Strategic	Pair Corr
0.56	AQMRX	Aqr Managed Futures	Pair Corr
0.55	DHEYX	Diamond Hill Short	Pair Corr
0.46	VUSXX	Vanguard Treasury Money	Pair Corr
0.44	ASFYX	Asg Managed Futures	Pair Corr

Related Correlations Analysis

	RWGIX	GPGOX	RPHYX	RPXFX	ICEVX
RWGIX		0.89	-0.6	0.96	0.64	RWGIX
GPGOX	0.89		-0.66	0.84	0.8	GPGOX
RPHYX	-0.6	-0.66		-0.4	-0.75	RPHYX
RPXFX	0.96	0.84	-0.4		0.5	RPXFX
ICEVX	0.64	0.8	-0.75	0.5		ICEVX
	RWGIX	GPGOX	RPHYX	RPXFX	ICEVX

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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

RPXFX	+ 0.96	RWGIX
GPGOX	+ 0.89	RWGIX
RPXFX	+ 0.84	GPGOX
ICEVX	+ 0.8	GPGOX
ICEVX	+ 0.64	RWGIX
ICEVX	+ 0.5	RPXFX

High negative correlations

ICEVX	- 0.75	RPHYX
RPHYX	- 0.66	GPGOX
RPHYX	- 0.6	RWGIX
RPXFX	- 0.4	RPHYX

Risk-Adjusted Indicators

There is a big difference between Riverparkwedgewood Mutual Fund performing well and Riverparkwedgewood 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 Riverparkwedgewood'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RWGIX	0.86	(0.14)	0.00	(0.15)	0.00	1.38	(1.13)	15.65
GPGOX	0.61	(0.09)	0.00	(0.17)	0.00	1.17	(1.21)	3.81
RPHYX	0.05	0.01	(0.09)	0.60	(0.10)	0.10	(0.10)	0.21
RPXFX	0.84	(0.08)	0.00	(0.09)	0.00	1.22	(1.67)	8.93
ICEVX	0.52	(0.11)	0.00	(0.57)	0.00	0.99	(1.30)	3.43

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