Riverpark Floating Rate Fund Market Value
| RCRIX Fund | USD 8.84 0.03 0.34% |
| Symbol | Riverpark |
Riverpark Floating 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Riverpark Floating's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Riverpark Floating.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Riverpark Floating on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Riverpark Floating Rate or generate 0.0% return on investment in Riverpark Floating over 390 days. Riverpark Floating is related to or competes with Riverpark Short, Riverpark Short, Riverpark/next Century, Riverpark/next Century, Riverpark/next Century, Riverpark Large, and Riverpark Strategic. The fund will invest in commercial mortgage backed securities , predominately in the United States More
Riverpark Floating Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Riverpark Floating's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Riverpark Floating Rate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.93) | |||
| Maximum Drawdown | 0.6909 | |||
| Value At Risk | (0.11) | |||
| Potential Upside | 0.116 |
Riverpark Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Riverpark Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Riverpark Floating's standard deviation. In reality, there are many statistical measures that can use Riverpark Floating historical prices to predict the future Riverpark Floating's volatility.| Risk Adjusted Performance | 0.2121 | |||
| Jensen Alpha | 0.0288 | |||
| Total Risk Alpha | 0.0104 | |||
| Treynor Ratio | (6.28) |
Riverpark Floating Rate Backtested Returns
At this stage we consider Riverpark Mutual Fund to be very steady. Riverpark Floating Rate maintains Sharpe Ratio (i.e., Efficiency) of 0.37, which implies the entity had a 0.37% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Riverpark Floating Rate, which you can use to evaluate the volatility of the fund. Please check Riverpark Floating's Risk Adjusted Performance of 0.2121, coefficient of variation of 279.37, and Variance of 0.0114 to confirm if the risk estimate we provide is consistent with the expected return of 0.0394%. The fund holds a Beta of -0.0045, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Riverpark Floating are expected to decrease at a much lower rate. During the bear market, Riverpark Floating is likely to outperform the market.
Auto-correlation | 0.95 |
Excellent predictability
Riverpark Floating Rate has excellent predictability. Overlapping area represents the amount of predictability between Riverpark Floating time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Riverpark Floating Rate price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current Riverpark Floating price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.95 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Riverpark Floating Rate lagged returns against current returns
Autocorrelation, which is Riverpark Floating mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Riverpark Floating's mutual fund expected returns. We can calculate the autocorrelation of Riverpark Floating returns to help us make a trade decision. For example, suppose you find that Riverpark Floating has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Riverpark Floating regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Riverpark Floating mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Riverpark Floating mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Riverpark Floating mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Riverpark Floating Lagged Returns
When evaluating Riverpark Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Riverpark Floating mutual fund have on its future price. Riverpark Floating autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Riverpark Floating autocorrelation shows the relationship between Riverpark Floating mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Riverpark Floating Rate.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Riverpark Mutual Fund
Riverpark Floating financial ratios help investors to determine whether Riverpark Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Riverpark with respect to the benefits of owning Riverpark Floating security.
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |