Rivernorth Flexible Correlations

XRFMX Fund

USD 17.43 0.04 0.23%

The current 90-days correlation between Rivernorth Flexible and Barings Active Short is 0.18 (i.e., Average diversification). The correlation of Rivernorth Flexible 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.

Rivernorth Flexible Correlation With Market

Significant diversification

The correlation between Rivernorth Flexible Municipalo and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rivernorth Flexible Municipalo and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Rivernorth Flexible Municipalome. 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 population.

Moving together with Rivernorth Mutual Fund

0.68	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.7	IBM	International Business Sell-off Trend	Pair Corr
0.64	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.64	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Moving against Rivernorth Mutual Fund

0.43

PFHCX

Pacific Funds Small

Pair Corr

Related Correlations Analysis

	BXDCX	GTLSX	GDICX	LTXFX	AOUNX	TSDCX	ASTIX	QLENX
BXDCX		0.4	0.29	0.34	0.81	0.72	0.57	0.42	BXDCX
GTLSX	0.4		-0.41	-0.28	0.63	0.76	0.85	0.93	GTLSX
GDICX	0.29	-0.41		0.82	-0.26	-0.31	-0.42	-0.44	GDICX
LTXFX	0.34	-0.28	0.82		-0.13	-0.21	-0.26	-0.34	LTXFX
AOUNX	0.81	0.63	-0.26	-0.13		0.94	0.78	0.68	AOUNX
TSDCX	0.72	0.76	-0.31	-0.21	0.94		0.81	0.8	TSDCX
ASTIX	0.57	0.85	-0.42	-0.26	0.78	0.81		0.89	ASTIX
QLENX	0.42	0.93	-0.44	-0.34	0.68	0.8	0.89		QLENX
	BXDCX	GTLSX	GDICX	LTXFX	AOUNX	TSDCX	ASTIX	QLENX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

TSDCX	+ 0.94	AOUNX
QLENX	+ 0.93	GTLSX
QLENX	+ 0.89	ASTIX
ASTIX	+ 0.85	GTLSX
LTXFX	+ 0.82	GDICX
AOUNX	+ 0.81	BXDCX

High negative correlations

QLENX	- 0.44	GDICX
ASTIX	- 0.42	GDICX
GDICX	- 0.41	GTLSX
QLENX	- 0.34	LTXFX
TSDCX	- 0.31	GDICX
LTXFX	- 0.28	GTLSX

Risk-Adjusted Indicators

There is a big difference between Rivernorth Mutual Fund performing well and Rivernorth Flexible 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 Rivernorth Flexible'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
BXDCX	0.09	0.01	(0.77)	4.27	0.00	(0.16)	0.22	(0.11)	0.65
GTLSX	0.31	0.05	(0.17)	1.58	0.22	(0.38)	0.71	(0.50)	2.57
GDICX	0.08	0.00	(0.63)	(0.18)	0.05	(0.13)	0.21	(0.10)	0.82
LTXFX	0.09	0.00	(0.46)	0.00	0.11	(0.13)	0.20	(0.19)	0.78
AOUNX	0.06	0.01	(0.94)	(0.70)	0.00	(0.20)	0.10	(0.10)	0.61
TSDCX	0.06	0.01	(0.91)	(0.62)	0.00	(0.16)	0.11	(0.11)	0.55
ASTIX	0.27	0.06	(0.12)	2.13	0.22	(0.31)	0.57	(0.64)	1.79
QLENX	0.33	0.10	(0.06)	(1.41)	0.20	(0.40)	0.76	(0.57)	2.17

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC