Riverfront Dynamic Equity Fund Market Value
| RLGCX Fund | USD 13.84 0.08 0.58% |
| Symbol | Riverfront |
Riverfront Dynamic '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 Riverfront Dynamic'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 Riverfront Dynamic.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Riverfront Dynamic on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Riverfront Dynamic Equity or generate 0.0% return on investment in Riverfront Dynamic over 30 days. Riverfront Dynamic is related to or competes with Precious Metals, International Investors, Franklin Gold, Invesco Gold, Gold, and Fidelity Advisor. The adviser and sub-adviser seek to achieve the funds investment objective by strategically investing in, and tactically... More
Riverfront Dynamic 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 Riverfront Dynamic'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 Riverfront Dynamic Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.568 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 2.14 | |||
| Value At Risk | (0.73) | |||
| Potential Upside | 0.8041 |
Riverfront Dynamic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Riverfront Dynamic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Riverfront Dynamic's standard deviation. In reality, there are many statistical measures that can use Riverfront Dynamic historical prices to predict the future Riverfront Dynamic's volatility.| Risk Adjusted Performance | 0.0597 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 0.0638 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Riverfront Dynamic's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Riverfront Dynamic Equity Backtested Returns
At this stage we consider Riverfront Mutual Fund to be very steady. Riverfront Dynamic Equity maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Riverfront Dynamic Equity, which you can use to evaluate the volatility of the fund. Please check Riverfront Dynamic's Coefficient Of Variation of 1174.29, semi deviation of 0.4482, and Risk Adjusted Performance of 0.0597 to confirm if the risk estimate we provide is consistent with the expected return of 0.0609%. The fund holds a Beta of 0.51, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Riverfront Dynamic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Riverfront Dynamic is expected to be smaller as well.
Auto-correlation | 0.72 |
Good predictability
Riverfront Dynamic Equity has good predictability. Overlapping area represents the amount of predictability between Riverfront Dynamic time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Riverfront Dynamic Equity price movement. The serial correlation of 0.72 indicates that around 72.0% of current Riverfront Dynamic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Riverfront Dynamic Equity lagged returns against current returns
Autocorrelation, which is Riverfront Dynamic 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 Riverfront Dynamic's mutual fund expected returns. We can calculate the autocorrelation of Riverfront Dynamic returns to help us make a trade decision. For example, suppose you find that Riverfront Dynamic 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 |
Riverfront Dynamic 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 Riverfront Dynamic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Riverfront Dynamic mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Riverfront Dynamic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Riverfront Dynamic Lagged Returns
When evaluating Riverfront Dynamic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Riverfront Dynamic mutual fund have on its future price. Riverfront Dynamic 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, Riverfront Dynamic autocorrelation shows the relationship between Riverfront Dynamic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Riverfront Dynamic Equity.
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 Riverfront Mutual Fund
Riverfront Dynamic financial ratios help investors to determine whether Riverfront 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 Riverfront with respect to the benefits of owning Riverfront Dynamic security.
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