Riversource Series Correlations

RCEAX Fund

USD 8.70 0.05 0.58%

The current 90-days correlation between Riversource Series Trust and Rbc Small Cap is 0.04 (i.e., Significant diversification). The correlation of Riversource Series is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Riversource Series Correlation With Market

Good diversification

The correlation between Riversource Series Trust and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riversource Series Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Riversource Series Trust. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Riversource Mutual Fund

0.81	RREMX	Rbc Emerging Markets	Pair Corr
1.0	RBCIX	Rbc China Equity	Pair Corr
1.0	RBCRX	Rbc Bluebay Absolute	Pair Corr
0.81	REEAX	Rbc Emerging Markets	Pair Corr
0.81	REEIX	Rbc Emerging Markets	Pair Corr
0.81	REMVX	Rbc Emerging Markets	Pair Corr
0.81	REVAX	Rbc Funds Trust	Pair Corr

Moving against Riversource Mutual Fund

0.46	RRSVX	Rbc Small Cap	Pair Corr
0.46	RSVIX	Rbc Small Cap	Pair Corr
0.46	RBIAX	Rbc Funds Trust	Pair Corr
0.46	RBSIX	Rbc Funds Trust	Pair Corr
0.46	RBSRX	Rbc Bluebay Strategic	Pair Corr
0.46	RBVAX	Rbc Small Cap	Pair Corr
0.38	RULFX	Rbc Ultra Short	Pair Corr
0.37	RUSIX	Rbc Ultra Short	Pair Corr
0.4	RGELX	Rbc Global Equity	Pair Corr
0.38	RGRLX	Rbc Global Equity	Pair Corr
0.36	TMVAX	Rbc Microcap Value	Pair Corr
0.32	RGPAX	Rbc Global Opportunities	Pair Corr
0.31	RGOIX	Rbc Global Opportunities	Pair Corr
0.31	RGORX	Rbc Global Opportunities	Pair Corr

Related Correlations Analysis

	TEEAX	TETAX	TETIX	RREMX	RRSVX	RSDIX	RSHFX	RSMRX	RBCIX	RBCRX
TEEAX		0.99	0.99	0.07	0.74	0.12	0.07	0.78	-0.03	-0.03	TEEAX
TETAX	0.99		1.0	0.1	0.75	0.17	0.13	0.82	-0.05	-0.04	TETAX
TETIX	0.99	1.0		0.07	0.77	0.18	0.13	0.83	-0.07	-0.06	TETIX
RREMX	0.07	0.1	0.07		-0.46	-0.07	0.05	-0.18	0.81	0.81	RREMX
RRSVX	0.74	0.75	0.77	-0.46		0.32	0.22	0.92	-0.45	-0.45	RRSVX
RSDIX	0.12	0.17	0.18	-0.07	0.32		0.97	0.34	-0.18	-0.18	RSDIX
RSHFX	0.07	0.13	0.13	0.05	0.22	0.97		0.28	-0.05	-0.05	RSHFX
RSMRX	0.78	0.82	0.83	-0.18	0.92	0.34	0.28		-0.26	-0.26	RSMRX
RBCIX	-0.03	-0.05	-0.07	0.81	-0.45	-0.18	-0.05	-0.26		1.0	RBCIX
RBCRX	-0.03	-0.04	-0.06	0.81	-0.45	-0.18	-0.05	-0.26	1.0		RBCRX
	TEEAX	TETAX	TETIX	RREMX	RRSVX	RSDIX	RSHFX	RSMRX	RBCIX	RBCRX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TETIX	+ 1.0	TETAX
RBCRX	+ 1.0	RBCIX
TETAX	+ 0.99	TEEAX
TETIX	+ 0.99	TEEAX
RSHFX	+ 0.97	RSDIX
RSMRX	+ 0.92	RRSVX

High negative correlations

RRSVX	- 0.46	RREMX
RBCRX	- 0.45	RRSVX
RBCIX	- 0.45	RRSVX
RBCRX	- 0.26	RSMRX
RBCIX	- 0.26	RSMRX
RBCRX	- 0.18	RSDIX

Risk-Adjusted Indicators

There is a big difference between Riversource Mutual Fund performing well and Riversource Series Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Riversource Series' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TEEAX	1.05	(0.31)	0.00	(0.21)	0.00	0.00	1.76	(1.47)	23.60
TETAX	1.10	(0.28)	0.00	(0.17)	0.00	0.00	1.93	(1.64)	19.89
TETIX	1.09	(0.27)	0.00	(0.17)	0.00	0.00	1.93	(1.88)	18.99
RREMX	0.78	(0.07)	0.00	(0.31)	0.00	0.00	1.56	(1.63)	5.43
RRSVX	0.79	(0.07)	0.00	(0.02)	0.00	0.00	1.74	(1.58)	10.31
RSDIX	0.08	(0.01)	0.00	(5.22)	0.00	0.00	0.21	(0.10)	0.72
RSHFX	0.09	(0.01)	(0.34)	(7.08)	0.09	(0.16)	0.21	(0.10)	0.72
RSMRX	0.75	(0.08)	0.00	(0.03)	0.00	0.00	1.53	(1.43)	7.74
RBCIX	1.83	0.12	0.03	(2.22)	2.30	(2.14)	4.65	(3.70)	15.95
RBCRX	1.85	0.12	0.03	(0.71)	2.25	(2.23)	5.37	(3.69)	15.95

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