Riverpark Large Correlations

RPXIX Fund

USD 31.10 0.16 0.52%

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

Good diversification

The correlation between Riverpark Large Growth and DJI is -0.05 (i.e., Good 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 gross domestic product.

Moving together with Riverpark Mutual Fund

0.93	RPHIX	Riverpark Short Term	Pair Corr
0.92	RPHYX	Riverpark Short Term	Pair Corr
0.95	RPNRX	Riverpark/next Century	Pair Corr
0.88	RPNIX	Riverpark/next Century	Pair Corr
0.88	RPNCX	Riverpark/next Century	Pair Corr
0.95	RPNLX	Riverpark/next Century	Pair Corr
0.98	RPXFX	Riverpark Large Growth	Pair Corr
0.9	RSIIX	Riverpark Strategic	Pair Corr
0.9	RSIVX	Riverpark Strategic	Pair Corr
0.94	RCRFX	Riverpark Floating Rate	Pair Corr
0.94	RCRIX	Riverpark Floating Rate	Pair Corr
0.99	RWGFX	Riverpark/wedgewood	Pair Corr
0.97	RWGIX	Riverpark/wedgewood	Pair Corr
0.97	RLSIX	Riverpark Longshort	Pair Corr
0.97	RLSFX	Riverpark Long/short	Pair Corr
0.99	FAFGX	American Funds	Pair Corr
0.99	FFAFX	American Funds	Pair Corr
0.96	GFACX	Growth Fund	Pair Corr
0.96	GFAFX	Growth Fund	Pair Corr
0.96	AGTHX	Growth Fund	Pair Corr
0.96	CGFFX	Growth Fund	Pair Corr
0.99	CGFCX	Growth Fund	Pair Corr
0.96	CGFAX	Growth Fund	Pair Corr
0.96	CGFEX	Growth Fund	Pair Corr
0.96	RGAEX	Growth Fund	Pair Corr
0.89	WWLAX	Westwood Largecap Value	Pair Corr
0.82	AOUAX	Angel Oak Ultrashort	Pair Corr
0.91	JAAJX	Jhancock Multi Index	Pair Corr

Moving against Riverpark Mutual Fund

0.75	GPBFX	Gmo E Plus	Pair Corr
0.69	GAAGX	Gmo Alternative Allo	Pair Corr
0.68	GAAKX	Gmo Alternative Allo	Pair Corr
0.55	GPMFX	Guidepath Managed Futures	Pair Corr
0.31	PQTAX	Pimco Trends Managed	Pair Corr
0.31	PQTNX	Pimco Trends Managed	Pair Corr

Related Correlations Analysis

	CREEX	PNDIX	PRKAX	FREAX	PHRAX	GMJPX	GURPX
CREEX		0.25	0.53	0.66	0.98	0.75	0.98	CREEX
PNDIX	0.25		0.07	-0.29	0.31	0.05	0.13	PNDIX
PRKAX	0.53	0.07		0.61	0.48	0.56	0.49	PRKAX
FREAX	0.66	-0.29	0.61		0.64	0.91	0.72	FREAX
PHRAX	0.98	0.31	0.48	0.64		0.78	0.97	PHRAX
GMJPX	0.75	0.05	0.56	0.91	0.78		0.79	GMJPX
GURPX	0.98	0.13	0.49	0.72	0.97	0.79		GURPX
	CREEX	PNDIX	PRKAX	FREAX	PHRAX	GMJPX	GURPX

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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

PHRAX	+ 0.98	CREEX
GURPX	+ 0.98	CREEX
GURPX	+ 0.97	PHRAX
GMJPX	+ 0.91	FREAX
GURPX	+ 0.79	GMJPX
GMJPX	+ 0.78	PHRAX

High negative correlations

FREAX

- 0.29

PNDIX

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
CREEX	0.69	0.00	(0.09)	0.10	0.82	(0.75)	1.24	(1.34)	3.57
PNDIX	0.05	0.01	0.00	(1.40)	0.00	0.00	0.10	0.00	0.70
PRKAX	0.54	0.05	(0.07)	0.64	0.58	(0.64)	1.00	(1.24)	2.80
FREAX	0.67	0.01	(0.09)	0.23	0.80	(0.71)	1.22	(1.37)	3.32
PHRAX	0.68	0.03	(0.07)	0.29	0.79	(0.76)	1.23	(1.38)	3.61
GMJPX	0.70	0.06	(0.04)	0.61	0.75	(0.80)	1.45	(1.36)	3.84
GURPX	0.61	0.00	(0.11)	0.09	0.70	(0.68)	1.24	(1.11)	3.21

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