Riverpark/next Century Correlations

Mutual Funds . USA . 
Fund . Riverparknext Century Gr
RPNIX Fund   10.16  0.01  0.1%   
The current 90-days correlation between Riverpark/next Century and Ab Bond Inflation is -0.04 (i.e., Good diversification). The correlation of Riverpark/next Century 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/next Century Correlation With Market

Poor diversification

The correlation between Riverparknext Century Gr and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riverparknext Century Gr 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 Riverparknext Century Gr. 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/next Mutual Fund

  0.93RPNRX Riverpark/next CenturyPairCorr
  1.0RPNCX Riverpark/next CenturyPairCorr
  0.98RPNLX Riverpark/next CenturyPairCorr
  0.8RPXIX Riverpark Large GrowthPairCorr
  0.88RPXFX Riverpark Large GrowthPairCorr
  0.96RWGFX Riverpark/wedgewoodPairCorr
  0.96RWGIX Riverpark/wedgewoodPairCorr
  0.9RLSIX Riverpark Long/shortPairCorr
  0.9RLSFX Riverpark Long/shortPairCorr
  0.94VSGAX Vanguard Small CapPairCorr
  0.99VSGIX Vanguard Small CapPairCorr
  0.99VISGX Vanguard Small CapPairCorr
  0.94VEXPX Vanguard ExplorerPairCorr
  0.94VEXRX Vanguard ExplorerPairCorr
  0.94JGMIX Janus TritonPairCorr
  0.94JGMRX Janus TritonPairCorr
  0.94JGMAX Janus TritonPairCorr
  0.94JGMCX Janus TritonPairCorr
  0.88JGMNX Janus TritonPairCorr
  0.83VTSAX Vanguard Total StockPairCorr
  0.8VFIAX Vanguard 500 IndexPairCorr
  0.83VTSMX Vanguard Total StockPairCorr
  0.83VSMPX Vanguard Total StockPairCorr
  0.83VSTSX Vanguard Total StockPairCorr
  0.91VITSX Vanguard Total StockPairCorr
  0.8VFINX Vanguard 500 IndexPairCorr
  0.8VFFSX Vanguard 500 IndexPairCorr

Moving against Riverpark/next Mutual Fund

  0.65RCRFX Riverpark Floating RatePairCorr
  0.63RSIVX Riverpark StrategicPairCorr
  0.62RCRIX Riverpark Floating RatePairCorr
  0.61RPHYX Riverpark Short TermPairCorr
  0.61RSIIX Riverpark StrategicPairCorr
  0.6RPHIX Riverpark Short TermPairCorr
  0.78NSIVX North Square InvestmentsPairCorr
  0.78LIDRX Lord Abbett InternationalPairCorr
  0.68VGTSX Vanguard Total InterPairCorr
  0.68VTIAX Vanguard Total InterPairCorr
  0.46TSSIX Thornburg StrategicPairCorr
  0.42THMIX Thornburg IntermediatePairCorr
  0.39COICX Calvert InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Riverpark/next Mutual Fund performing well and Riverpark/next Century 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/next Century'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.

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