Riverpark Floating Correlations

RCRFX Fund

USD 8.77 0.01 0.11%

The current 90-days correlation between Riverpark Floating Rate and Calvert Large Cap is -0.27 (i.e., Very good diversification). The correlation of Riverpark Floating 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.

Riverpark Floating Correlation With Market

Significant diversification

The correlation between Riverpark Floating Rate and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riverpark Floating Rate 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 Riverpark Floating Rate. 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 census.

Moving together with Riverpark Mutual Fund

0.93	RPHIX	Riverpark Short Term	Pair Corr
0.94	RPHYX	Riverpark Short Term	Pair Corr
0.97	RSIIX	Riverpark Strategic	Pair Corr
0.97	RSIVX	Riverpark Strategic	Pair Corr
0.98	RCRIX	Riverpark Floating Rate	Pair Corr
0.91	VWEAX	Vanguard High Yield	Pair Corr
0.91	VWEHX	Vanguard High Yield	Pair Corr
0.68	BHYCX	Blackrock Hi Yld	Pair Corr
0.8	BHYIX	Blackrock High Yield	Pair Corr
0.72	BHYSX	Blackrock Hi Yld	Pair Corr
0.72	BHYAX	Blackrock High Yield	Pair Corr
0.85	FAHHX	American Funds American	Pair Corr
0.76	FTAHX	American Funds American	Pair Corr
0.75	AHTFX	American High Income	Pair Corr
0.73	AHTCX	American High Income	Pair Corr
0.68	GAAVX	Gmo Alternative Allo	Pair Corr
0.83	GABFX	Gmo Asset Allocation	Pair Corr
0.61	GHVIX	Gmo High Yield	Pair Corr
0.89	HRBDX	Harbor Bond Fund	Pair Corr
0.86	CIHCX	Cullen International High	Pair Corr
0.8	RMDUX	American Funds Multi	Pair Corr
0.85	HTD	John Hancock Tax	Pair Corr
0.87	ALVGX	Large Pany Value	Pair Corr

Moving against Riverpark Mutual Fund

0.66	RPNIX	Riverpark/next Century	Pair Corr
0.66	RPNCX	Riverpark/next Century	Pair Corr
0.59	RPNRX	Riverpark/next Century	Pair Corr
0.59	RPNLX	Riverpark/next Century	Pair Corr
0.55	RWGFX	Riverpark/wedgewood	Pair Corr
0.54	RWGIX	Riverpark/wedgewood	Pair Corr
0.42	RLSFX	Riverpark Long/short	Pair Corr
0.4	RLSIX	Riverpark Long/short	Pair Corr
0.37	RPXIX	Riverpark Large Growth	Pair Corr
0.37	RPXFX	Riverpark Large Growth	Pair Corr
0.46	GCAVX	Gmo Small Cap	Pair Corr
0.4	GMCQX	Gmo Equity Allocation	Pair Corr

Related Correlations Analysis

	CMIFX	VAAGX	GMLVX	PCLVX	JDVNX	AMFFX	CBLSX	TALCX
CMIFX		-0.26	0.54	0.55	-0.32	0.26	-0.04	-0.19	CMIFX
VAAGX	-0.26		0.11	0.57	0.88	0.81	0.81	0.86	VAAGX
GMLVX	0.54	0.11		0.58	0.16	0.51	0.47	0.24	GMLVX
PCLVX	0.55	0.57	0.58		0.51	0.85	0.53	0.52	PCLVX
JDVNX	-0.32	0.88	0.16	0.51		0.69	0.83	0.95	JDVNX
AMFFX	0.26	0.81	0.51	0.85	0.69		0.79	0.75	AMFFX
CBLSX	-0.04	0.81	0.47	0.53	0.83	0.79		0.91	CBLSX
TALCX	-0.19	0.86	0.24	0.52	0.95	0.75	0.91		TALCX
	CMIFX	VAAGX	GMLVX	PCLVX	JDVNX	AMFFX	CBLSX	TALCX

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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

TALCX	+ 0.95	JDVNX
TALCX	+ 0.91	CBLSX
JDVNX	+ 0.88	VAAGX
TALCX	+ 0.86	VAAGX
AMFFX	+ 0.85	PCLVX
CBLSX	+ 0.83	JDVNX

High negative correlations

JDVNX	- 0.32	CMIFX
VAAGX	- 0.26	CMIFX
TALCX	- 0.19	CMIFX
CBLSX	- 0.04	CMIFX

Risk-Adjusted Indicators

There is a big difference between Riverpark Mutual Fund performing well and Riverpark Floating 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 Riverpark Floating's 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
CMIFX	0.07	0.01	0.07	(0.63)	0.00	(0.12)	0.21	(0.10)	0.41
VAAGX	0.65	(0.04)	0.00	0.29	0.00	0.00	1.27	(1.60)	3.33
GMLVX	0.70	0.03	0.03	0.07	0.90	(0.76)	1.57	(1.62)	5.51
PCLVX	0.60	0.07	0.10	(1.01)	0.60	(0.69)	1.25	(1.33)	3.17
JDVNX	0.66	(0.01)	(0.01)	(0.01)	0.90	(0.67)	1.24	(1.45)	3.55
AMFFX	0.54	(0.01)	(0.01)	0.04	0.67	(0.59)	1.09	(1.20)	2.78
CBLSX	0.64	0.01	0.01	0.01	0.81	(0.66)	1.25	(1.25)	3.20
TALCX	0.66	(0.03)	0.00	(0.04)	0.00	0.00	1.36	(1.38)	3.68

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