Riverpark Strategic Income Fund Market Value
| RSIVX Fund | USD 8.76 0.01 0.11% |
| Symbol | Riverpark |
Riverpark Strategic '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 Strategic'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 Strategic.
| 08/25/2024 |
| 11/23/2024 |
If you would invest 0.00 in Riverpark Strategic on August 25, 2024 and sell it all today you would earn a total of 0.00 from holding Riverpark Strategic Income or generate 0.0% return on investment in Riverpark Strategic over 90 days. Riverpark Strategic is related to or competes with Riverpark Short, Driehaus Event, Rivernorth, Wasatch Frontier, and Tidal ETF. The fund will invest at least 80 percent of its net assets in fixed income securities and income producing equities More
Riverpark Strategic 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 Strategic'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 Strategic Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.85) | |||
| Maximum Drawdown | 0.2318 | |||
| Potential Upside | 0.116 |
Riverpark Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Riverpark Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Riverpark Strategic's standard deviation. In reality, there are many statistical measures that can use Riverpark Strategic historical prices to predict the future Riverpark Strategic's volatility.| Risk Adjusted Performance | 0.2863 | |||
| Jensen Alpha | 0.0204 | |||
| Total Risk Alpha | 0.0111 | |||
| Treynor Ratio | (3.46) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Riverpark Strategic'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.
Riverpark Strategic Backtested Returns
At this stage we consider Riverpark Mutual Fund to be very steady. Riverpark Strategic maintains Sharpe Ratio (i.e., Efficiency) of 0.49, which implies the entity had a 0.49% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Riverpark Strategic, which you can use to evaluate the volatility of the fund. Please check Riverpark Strategic's Variance of 0.003, coefficient of variation of 184.13, and Risk Adjusted Performance of 0.2863 to confirm if the risk estimate we provide is consistent with the expected return of 0.0284%. The fund holds a Beta of -0.0057, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Riverpark Strategic are expected to decrease at a much lower rate. During the bear market, Riverpark Strategic is likely to outperform the market.
Auto-correlation | 0.93 |
Excellent predictability
Riverpark Strategic Income has excellent predictability. Overlapping area represents the amount of predictability between Riverpark Strategic time series from 25th of August 2024 to 9th of October 2024 and 9th of October 2024 to 23rd 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 Strategic price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Riverpark Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Riverpark Strategic lagged returns against current returns
Autocorrelation, which is Riverpark Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Riverpark Strategic returns to help us make a trade decision. For example, suppose you find that Riverpark Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Riverpark Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Riverpark Strategic Lagged Returns
When evaluating Riverpark Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Riverpark Strategic mutual fund have on its future price. Riverpark Strategic 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 Strategic autocorrelation shows the relationship between Riverpark Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Riverpark Strategic Income.
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 Strategic 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 Strategic security.
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities |