Riverpark Floating Correlations

RCRIX Fund

USD 8.85 0.01 0.11%

The current 90-days correlation between Riverpark Floating Rate and Global Real Estate is 0.1 (i.e., Average 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

Modest diversification

The correlation between Riverpark Floating Rate and DJI is 0.22 (i.e., Modest 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 gross domestic product.

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	RCRFX	Riverpark Floating Rate	Pair Corr
0.67	BHYCX	Blackrock Hi Yld	Pair Corr
0.7	BHYAX	Blackrock High Yield	Pair Corr
0.83	FAHHX	American Funds American	Pair Corr
0.7	GAAVX	Gmo Alternative Allo	Pair Corr
0.82	GABFX	Gmo Asset Allocation	Pair Corr
0.68	HRBDX	Harbor Bond Fund	Pair Corr
0.86	CIHCX	Cullen International High	Pair Corr
0.79	RMDUX	American Funds Multi	Pair Corr
0.86	ALVGX	Large Pany Value	Pair Corr

Moving against Riverpark Mutual Fund

0.67	RPNIX	Riverpark/next Century	Pair Corr
0.6	RPNRX	Riverpark/next Century	Pair Corr
0.6	RPNLX	Riverpark/next Century	Pair Corr
0.56	RWGFX	Riverpark/wedgewood	Pair Corr
0.55	RWGIX	Riverpark/wedgewood	Pair Corr
0.53	RPNCX	Riverpark/next Century	Pair Corr
0.41	RLSIX	Riverpark Long/short	Pair Corr
0.38	RPXIX	Riverpark Large Growth	Pair Corr
0.38	RPXFX	Riverpark Large Growth	Pair Corr
0.34	RLSFX	Riverpark Long/short	Pair Corr
0.48	GCAVX	Gmo Small Cap	Pair Corr
0.41	GMCQX	Gmo Equity Allocation	Pair Corr

Related Correlations Analysis

	RRSCX	NMMRF	CREMX	ZRPTUX	SAREX	IARIX	CREFX
RRSCX		0.16	0.5	0.61	0.76	0.96	0.93	RRSCX
NMMRF	0.16		0.78	0.25	0.39	0.36	0.46	NMMRF
CREMX	0.5	0.78		0.62	0.55	0.6	0.71	CREMX
ZRPTUX	0.61	0.25	0.62		0.52	0.62	0.65	ZRPTUX
SAREX	0.76	0.39	0.55	0.52		0.81	0.8	SAREX
IARIX	0.96	0.36	0.6	0.62	0.81		0.98	IARIX
CREFX	0.93	0.46	0.71	0.65	0.8	0.98		CREFX
	RRSCX	NMMRF	CREMX	ZRPTUX	SAREX	IARIX	CREFX

Click cells to compare fundamentals

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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
RRSCX	0.77	(0.04)	0.00	(0.05)	0.00	0.00	1.56	(1.56)	4.16
NMMRF	0.07	0.03	0.00	0.37	0.00	0.00	0.00	0.00	2.35
CREMX	0.02	0.02	0.00	5.68	0.00	0.00	0.08	0.00	0.08
ZRPTUX	0.06	0.00	(0.02)	(0.27)	0.09	(0.13)	0.15	(0.15)	0.98
SAREX	0.93	(0.03)	0.00	0.09	0.00	0.00	1.64	(1.86)	4.54
IARIX	0.92	(0.03)	0.00	(0.04)	0.00	0.00	1.59	(1.78)	4.67
CREFX	0.93	(0.02)	0.00	(0.03)	0.00	0.00	1.59	(1.75)	4.82

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