Riverpark/next Century Correlations
| RPNLX Fund | 12.41 0.04 0.32% |
The current 90-days correlation between Riverpark/next Century and Deutsche Health And is 0.05 (i.e., Significant 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
Weak diversification
The correlation between Riverparknext Century Lg and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riverparknext Century Lg and DJI in the same portfolio, assuming nothing else is changed.
Riverpark/next |
Moving together with Riverpark/next Mutual Fund
| 1.0 | RPNRX | Riverpark/next Century | PairCorr |
| 0.62 | RPNIX | Riverpark/next Century | PairCorr |
| 0.61 | RPNCX | Riverpark/next Century | PairCorr |
| 0.84 | RLSIX | Riverpark Long/short | PairCorr |
| 0.84 | RLSFX | Riverpark Long/short | PairCorr |
| 0.78 | AGTHX | Growth Fund | PairCorr |
Related Correlations Analysis
| 0.91 | 0.83 | 0.66 | 0.97 | 0.82 | SCHLX | ||
| 0.91 | 0.89 | 0.66 | 0.91 | 0.88 | HIAHX | ||
| 0.83 | 0.89 | 0.8 | 0.87 | 0.95 | BHSRX | ||
| 0.66 | 0.66 | 0.8 | 0.76 | 0.77 | SWHFX | ||
| 0.97 | 0.91 | 0.87 | 0.76 | 0.86 | LYFAX | ||
| 0.82 | 0.88 | 0.95 | 0.77 | 0.86 | ETHSX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SCHLX | 0.60 | 0.04 | 0.05 | (0.76) | 0.65 | 1.27 | 3.10 | |||
| HIAHX | 0.64 | 0.03 | 0.03 | 0.05 | 0.75 | 1.39 | 3.48 | |||
| BHSRX | 0.66 | (0.02) | 0.00 | (0.03) | 0.00 | 1.21 | 6.63 | |||
| SWHFX | 0.67 | (0.06) | 0.00 | 1.08 | 0.00 | 1.25 | 8.84 | |||
| LYFAX | 0.58 | 0.03 | 0.04 | (0.62) | 0.71 | 1.12 | 2.95 | |||
| ETHSX | 0.64 | 0.01 | 0.00 | 0.02 | 1.16 | 1.24 | 6.02 |