Riverpark Longshort Opportunity Fund Market Value

RLSFX Fund  USD 14.10  0.02  0.14%   
Riverpark Long/short's market value is the price at which a share of Riverpark Long/short trades on a public exchange. It measures the collective expectations of Riverpark Longshort Opportunity investors about its performance. Riverpark Long/short is trading at 14.10 as of the 24th of November 2024; that is 0.14 percent up since the beginning of the trading day. The fund's open price was 14.08.
With this module, you can estimate the performance of a buy and hold strategy of Riverpark Longshort Opportunity and determine expected loss or profit from investing in Riverpark Long/short over a given investment horizon. Check out Riverpark Long/short Correlation, Riverpark Long/short Volatility and Riverpark Long/short Alpha and Beta module to complement your research on Riverpark Long/short.
Symbol

Please note, there is a significant difference between Riverpark Long/short's value and its price as these two are different measures arrived at by different means. Investors typically determine if Riverpark Long/short is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Riverpark Long/short's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Riverpark Long/short '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 Long/short'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 Long/short.
0.00
10/25/2024
No Change 0.00  0.0 
In 31 days
11/24/2024
0.00
If you would invest  0.00  in Riverpark Long/short on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Riverpark Longshort Opportunity or generate 0.0% return on investment in Riverpark Long/short over 30 days. Riverpark Long/short is related to or competes with Riverpark Long/short, Abr Dynamic, Alger Dynamic, Baron Global, and Balter Invenomic. The fund seeks long-term capital appreciation while managing downside volatility by investing long in equity securities ... More

Riverpark Long/short 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 Long/short'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 Longshort Opportunity upside and downside potential and time the market with a certain degree of confidence.

Riverpark Long/short Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Riverpark Long/short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Riverpark Long/short's standard deviation. In reality, there are many statistical measures that can use Riverpark Long/short historical prices to predict the future Riverpark Long/short's volatility.
Hype
Prediction
LowEstimatedHigh
13.4114.1014.79
Details
Intrinsic
Valuation
LowRealHigh
13.2413.9314.62
Details
Naive
Forecast
LowNextHigh
13.3214.0114.70
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14.0714.0914.11
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Riverpark Long/short. Your research has to be compared to or analyzed against Riverpark Long/short's peers to derive any actionable benefits. When done correctly, Riverpark Long/short's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Riverpark Long/short.

Riverpark Long/short Backtested Returns

At this stage we consider Riverpark Mutual Fund to be very steady. Riverpark Long/short maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Riverpark Long/short, which you can use to evaluate the volatility of the fund. Please check Riverpark Long/short's Coefficient Of Variation of 630.2, semi deviation of 0.59, and Risk Adjusted Performance of 0.1206 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The fund holds a Beta of 0.0982, which implies not very significant fluctuations relative to the market. As returns on the market increase, Riverpark Long/short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Riverpark Long/short is expected to be smaller as well.

Auto-correlation

    
  0.58  

Modest predictability

Riverpark Longshort Opportunity has modest predictability. Overlapping area represents the amount of predictability between Riverpark Long/short time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Long/short price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Riverpark Long/short price fluctuation can be explain by its past prices.
Correlation Coefficient0.58
Spearman Rank Test-0.42
Residual Average0.0
Price Variance0.01

Riverpark Long/short lagged returns against current returns

Autocorrelation, which is Riverpark Long/short 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 Long/short's mutual fund expected returns. We can calculate the autocorrelation of Riverpark Long/short returns to help us make a trade decision. For example, suppose you find that Riverpark Long/short 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 Long/short 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 Long/short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Riverpark Long/short 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 Long/short mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Riverpark Long/short Lagged Returns

When evaluating Riverpark Long/short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Riverpark Long/short mutual fund have on its future price. Riverpark Long/short 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 Long/short autocorrelation shows the relationship between Riverpark Long/short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Riverpark Longshort Opportunity.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Riverpark Mutual Fund

Riverpark Long/short 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 Long/short security.
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