Riverpark Large Correlations

RPXFX Fund

USD 26.04 0.52 2.04%

The current 90-days correlation between Riverpark Large Growth and Artisan Global Opportunities is 0.76 (i.e., Poor diversification). The correlation of Riverpark Large 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 Large Correlation With Market

Poor diversification

The correlation between Riverpark Large Growth and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riverpark Large Growth 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 Large Growth. 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

0.92	RPNRX	Riverpark/next Century	Pair Corr
0.87	RPNIX	Riverpark/next Century	Pair Corr
0.87	RPNCX	Riverpark/next Century	Pair Corr
0.92	RPNLX	Riverpark/next Century	Pair Corr
1.0	RPXIX	Riverpark Large Growth	Pair Corr
0.92	RWGFX	Riverpark/wedgewood	Pair Corr
0.94	RWGIX	Riverpark/wedgewood	Pair Corr
0.97	RLSIX	Riverpark Long/short	Pair Corr
0.97	RLSFX	Riverpark Long/short	Pair Corr
0.95	FAFGX	American Funds	Pair Corr
0.95	FFAFX	American Funds	Pair Corr
0.94	GFACX	Growth Fund	Pair Corr
0.87	GFAFX	Growth Fund	Pair Corr
0.96	AGTHX	Growth Fund	Pair Corr
0.95	CGFFX	Growth Fund	Pair Corr
0.85	CGFCX	Growth Fund	Pair Corr
0.95	CGFAX	Growth Fund	Pair Corr
0.95	CGFEX	Growth Fund	Pair Corr
0.95	RGAEX	Growth Fund	Pair Corr
0.68	WHIYX	Ivy High Income	Pair Corr
0.74	IVHIX	Ivy High Income	Pair Corr
0.74	IHIFX	Ivy High Income	Pair Corr
0.7	WRHIX	Ivy High Income	Pair Corr
0.75	WHIAX	Ivy High Income	Pair Corr

Moving against Riverpark Mutual Fund

0.4	RCRIX	Riverpark Floating Rate	Pair Corr
0.39	RCRFX	Riverpark Floating Rate	Pair Corr
0.33	RSIIX	Riverpark Strategic	Pair Corr
0.32	RSIVX	Riverpark Strategic	Pair Corr
0.31	RPHYX	Riverpark Short Term	Pair Corr
0.53	CRANX	Community Reinvestment	Pair Corr
0.51	FTBBYX	Ftbbyx	Pair Corr
0.51	PRICX	Prudential Government	Pair Corr
0.5	JEEIX	John Hancock Enduring	Pair Corr
0.42	PLEDX	Pacific Funds Esg	Pair Corr
0.37	CBNAX	American Funds Emerging	Pair Corr

Related Correlations Analysis

	ARTRX	GGSOX	ARTGX	TGWNX	RLSFX
ARTRX		0.96	0.0	-0.19	0.93	ARTRX
GGSOX	0.96		-0.12	-0.3	0.94	GGSOX
ARTGX	0.0	-0.12		0.93	-0.25	ARTGX
TGWNX	-0.19	-0.3	0.93		-0.43	TGWNX
RLSFX	0.93	0.94	-0.25	-0.43		RLSFX
	ARTRX	GGSOX	ARTGX	TGWNX	RLSFX

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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

GGSOX	+ 0.96	ARTRX
RLSFX	+ 0.94	GGSOX
RLSFX	+ 0.93	ARTRX
TGWNX	+ 0.93	ARTGX
ARTGX	+ 0.0	ARTRX

High negative correlations

RLSFX	- 0.43	TGWNX
TGWNX	- 0.3	GGSOX
RLSFX	- 0.25	ARTGX
TGWNX	- 0.19	ARTRX
ARTGX	- 0.12	GGSOX
ARTGX	- 0.0	ARTRX

Risk-Adjusted Indicators

There is a big difference between Riverpark Mutual Fund performing well and Riverpark Large 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 Large'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
ARTRX	0.86	(0.05)	0.00	(0.10)	0.00	0.00	1.65	(2.84)	5.50
GGSOX	0.90	(0.06)	0.00	(0.10)	0.00	0.00	2.10	(2.30)	4.96
ARTGX	0.61	0.13	0.18	0.18	0.65	(0.71)	1.67	(0.95)	4.17
TGWNX	0.33	0.02	0.11	0.22	0.33	(0.43)	0.85	(0.58)	1.96
RLSFX	0.77	(0.06)	0.00	(0.12)	0.00	0.00	1.42	(2.01)	5.12

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