Riverpark Floating Rate Fund Market Value

RCRFX Fund  USD 8.79  0.01  0.11%   
Riverpark Floating's market value is the price at which a share of Riverpark Floating trades on a public exchange. It measures the collective expectations of Riverpark Floating Rate investors about its performance. Riverpark Floating is trading at 8.79 as of the 11th of December 2024; that is 0.11 percent up since the beginning of the trading day. The fund's open price was 8.78.
With this module, you can estimate the performance of a buy and hold strategy of Riverpark Floating Rate and determine expected loss or profit from investing in Riverpark Floating over a given investment horizon. Check out Riverpark Floating Correlation, Riverpark Floating Volatility and Riverpark Floating Alpha and Beta module to complement your research on Riverpark Floating.
Symbol

Please note, there is a significant difference between Riverpark Floating's value and its price as these two are different measures arrived at by different means. Investors typically determine if Riverpark Floating is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Riverpark Floating's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Riverpark Floating 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Riverpark Floating's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Riverpark Floating.
0.00
06/14/2024
No Change 0.00  0.0 
In 5 months and 29 days
12/11/2024
0.00
If you would invest  0.00  in Riverpark Floating on June 14, 2024 and sell it all today you would earn a total of 0.00 from holding Riverpark Floating Rate or generate 0.0% return on investment in Riverpark Floating over 180 days. Riverpark Floating is related to or competes with Alger Health, Baillie Gifford, Lord Abbett, Allianzgi Health, Fidelity Advisor, and Invesco Global. The fund will invest in commercial mortgage backed securities , predominately in the United States More

Riverpark Floating Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Riverpark Floating's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Riverpark Floating Rate upside and downside potential and time the market with a certain degree of confidence.

Riverpark Floating Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Riverpark Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Riverpark Floating's standard deviation. In reality, there are many statistical measures that can use Riverpark Floating historical prices to predict the future Riverpark Floating's volatility.
Hype
Prediction
LowEstimatedHigh
8.698.798.89
Details
Intrinsic
Valuation
LowRealHigh
8.588.689.67
Details
Naive
Forecast
LowNextHigh
8.688.788.88
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.758.788.81
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Riverpark Floating. Your research has to be compared to or analyzed against Riverpark Floating's peers to derive any actionable benefits. When done correctly, Riverpark Floating's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Riverpark Floating Rate.

Riverpark Floating Rate Backtested Returns

At this stage we consider Riverpark Mutual Fund to be very steady. Riverpark Floating Rate maintains Sharpe Ratio (i.e., Efficiency) of 0.36, which implies the entity had a 0.36% return per unit of risk over the last 3 months. We have found twenty technical indicators for Riverpark Floating Rate, which you can use to evaluate the volatility of the fund. Please check Riverpark Floating's Coefficient Of Variation of 283.38, variance of 0.0098, and Risk Adjusted Performance of 0.1919 to confirm if the risk estimate we provide is consistent with the expected return of 0.0366%. The fund holds a Beta of 0.0082, which implies not very significant fluctuations relative to the market. As returns on the market increase, Riverpark Floating's returns are expected to increase less than the market. However, during the bear market, the loss of holding Riverpark Floating is expected to be smaller as well.

Auto-correlation

    
  0.88  

Very good predictability

Riverpark Floating Rate has very good predictability. Overlapping area represents the amount of predictability between Riverpark Floating time series from 14th of June 2024 to 12th of September 2024 and 12th of September 2024 to 11th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Riverpark Floating Rate price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Riverpark Floating price fluctuation can be explain by its past prices.
Correlation Coefficient0.88
Spearman Rank Test0.97
Residual Average0.0
Price Variance0.0

Riverpark Floating Rate lagged returns against current returns

Autocorrelation, which is Riverpark Floating mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Riverpark Floating's mutual fund expected returns. We can calculate the autocorrelation of Riverpark Floating returns to help us make a trade decision. For example, suppose you find that Riverpark Floating has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Riverpark Floating regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Riverpark Floating mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Riverpark Floating mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Riverpark Floating mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Riverpark Floating Lagged Returns

When evaluating Riverpark Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Riverpark Floating mutual fund have on its future price. Riverpark Floating autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Riverpark Floating autocorrelation shows the relationship between Riverpark Floating mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Riverpark Floating Rate.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Riverpark Mutual Fund

Riverpark Floating financial ratios help investors to determine whether Riverpark Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Riverpark with respect to the benefits of owning Riverpark Floating security.
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