Riverfront Dynamic Correlations

RLGCX Fund

USD 13.36 0.10 0.75%

The current 90-days correlation between Riverfront Dynamic Equity and Cref Money Market is -0.05 (i.e., Good diversification). The correlation of Riverfront Dynamic 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.

Riverfront Dynamic Correlation With Market

Poor diversification

The correlation between Riverfront Dynamic Equity and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riverfront Dynamic Equity 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 Riverfront Dynamic Equity. 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 main economic indicators.

Moving together with Riverfront Mutual Fund

0.85	AVPEX	Alpsred Rocks Listed	Pair Corr
0.92	LPEIX	Alpsred Rocks Listed	Pair Corr
0.92	LPERX	Alpsred Rocks Listed	Pair Corr
1.0	RLGAX	Riverfront Dynamic Equity	Pair Corr
1.0	RLIIX	Riverfront Dynamic Equity	Pair Corr
0.94	ALCBX	ALPSSmith Balanced	Pair Corr
0.95	ALIBX	ALPSSmith Balanced	Pair Corr
0.94	ALPBX	ALPSSmith Balanced	Pair Corr
0.96	FBONX	American Funds American	Pair Corr
0.96	FBAFX	American Funds American	Pair Corr
0.96	ABALX	American Balanced	Pair Corr
0.97	BALCX	American Balanced	Pair Corr
0.97	BALFX	American Balanced	Pair Corr
0.97	RLBCX	American Balanced	Pair Corr
0.97	RLBBX	American Balanced	Pair Corr
0.96	CLBAX	American Balanced	Pair Corr
0.97	CLBEX	American Balanced	Pair Corr
0.96	RLBFX	American Balanced	Pair Corr

Related Correlations Analysis

	QCMMIX	DVFYX	FAFSX	XFINX	FIKBX	FMFXX	IVMXX	VMRXX
QCMMIX		0.4	-0.18	0.18	-0.16	0.0	0.0	0.86	QCMMIX
DVFYX	0.4		0.73	0.62	0.74	0.0	0.0	0.47	DVFYX
FAFSX	-0.18	0.73		0.58	1.0	0.0	0.0	-0.04	FAFSX
XFINX	0.18	0.62	0.58		0.59	0.0	0.0	0.3	XFINX
FIKBX	-0.16	0.74	1.0	0.59		0.0	0.0	-0.02	FIKBX
FMFXX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	FMFXX
IVMXX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	IVMXX
VMRXX	0.86	0.47	-0.04	0.3	-0.02	0.0	0.0		VMRXX
	QCMMIX	DVFYX	FAFSX	XFINX	FIKBX	FMFXX	IVMXX	VMRXX

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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

FIKBX	+ 1.0	FAFSX
VMRXX	+ 0.86	QCMMIX
FIKBX	+ 0.74	DVFYX
FAFSX	+ 0.73	DVFYX
XFINX	+ 0.62	DVFYX
FIKBX	+ 0.59	XFINX

High negative correlations

FAFSX	- 0.18	QCMMIX
FIKBX	- 0.16	QCMMIX
VMRXX	- 0.04	FAFSX
VMRXX	- 0.02	FIKBX
VMRXX	- 0.0	IVMXX
VMRXX	- 0.0	FMFXX

Risk-Adjusted Indicators

There is a big difference between Riverfront Mutual Fund performing well and Riverfront Dynamic 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 Riverfront Dynamic'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
QCMMIX	0.02	0.01	0.00	(5.15)	0.00	0.00	0.03	0.00	0.03
DVFYX	0.85	0.03	0.02	(0.33)	1.27	(0.82)	1.65	(2.39)	6.47
FAFSX	0.90	(0.06)	0.00	(0.05)	0.00	0.00	1.71	(2.71)	6.26
XFINX	0.15	(0.01)	(0.03)	0.28	0.25	(0.18)	0.29	(0.64)	1.27
FIKBX	0.90	(0.05)	0.00	(0.04)	0.00	0.00	1.73	(2.69)	6.29
FMFXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VMRXX	0.03	0.01	0.00	(0.84)	0.00	0.00	0.00	0.00	1.01

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