Riverpark Longshort Opportunity Fund Market Value
| RLSFX Fund | USD 14.10 0.02 0.14% |
| Symbol | Riverpark |
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.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Riverpark Long/short on November 30, 2023 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 360 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.
| Downside Deviation | 0.8826 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.08 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.28 |
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.| Risk Adjusted Performance | 0.1205 | |||
| Jensen Alpha | 0.0347 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1858 |
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 Semi Deviation of 0.5928, risk adjusted performance of 0.1205, and Coefficient Of Variation of 630.51 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The fund holds a Beta of 0.53, which implies possible diversification benefits within a given portfolio. 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 | 0.12 |
Insignificant predictability
Riverpark Longshort Opportunity has insignificant predictability. Overlapping area represents the amount of predictability between Riverpark Long/short time series from 30th of November 2023 to 28th of May 2024 and 28th of May 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 0.12 indicates that less than 12.0% of current Riverpark Long/short price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
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 |
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 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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