Riverpark Strategic Income Fund Market Value

RSIIX Fund  USD 8.68  0.01  0.12%   
Riverpark Strategic's market value is the price at which a share of Riverpark Strategic trades on a public exchange. It measures the collective expectations of Riverpark Strategic Income investors about its performance. Riverpark Strategic is trading at 8.68 as of the 8th of December 2024; that is 0.12 percent down since the beginning of the trading day. The fund's open price was 8.69.
With this module, you can estimate the performance of a buy and hold strategy of Riverpark Strategic Income and determine expected loss or profit from investing in Riverpark Strategic over a given investment horizon. Check out Riverpark Strategic Correlation, Riverpark Strategic Volatility and Riverpark Strategic Alpha and Beta module to complement your research on Riverpark Strategic.
Symbol

Please note, there is a significant difference between Riverpark Strategic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Riverpark Strategic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Riverpark Strategic'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 Strategic '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 Strategic'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 Strategic.
0.00
07/17/2023
No Change 0.00  0.0 
In 1 year 4 months and 26 days
12/08/2024
0.00
If you would invest  0.00  in Riverpark Strategic on July 17, 2023 and sell it all today you would earn a total of 0.00 from holding Riverpark Strategic Income or generate 0.0% return on investment in Riverpark Strategic over 510 days. Riverpark Strategic is related to or competes with Astor Long/short, Aqr Long-short, Baird Short-term, Touchstone Ultra, Angel Oak, and Rbc Short. The fund will invest at least 80 percent of its net assets in fixed income securities and income producing equities More

Riverpark Strategic 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 Strategic'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 Strategic Income upside and downside potential and time the market with a certain degree of confidence.

Riverpark Strategic Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Riverpark Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Riverpark Strategic's standard deviation. In reality, there are many statistical measures that can use Riverpark Strategic historical prices to predict the future Riverpark Strategic's volatility.
Hype
Prediction
LowEstimatedHigh
8.558.688.81
Details
Intrinsic
Valuation
LowRealHigh
7.857.989.55
Details
Naive
Forecast
LowNextHigh
8.538.668.79
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.668.708.73
Details

Riverpark Strategic Backtested Returns

At this stage we consider Riverpark Mutual Fund to be very steady. Riverpark Strategic maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Riverpark Strategic, which you can use to evaluate the volatility of the fund. Please check Riverpark Strategic's Risk Adjusted Performance of 0.063, standard deviation of 0.1315, and Downside Deviation of 0.3467 to confirm if the risk estimate we provide is consistent with the expected return of 0.0179%. The fund holds a Beta of 0.0368, which implies not very significant fluctuations relative to the market. As returns on the market increase, Riverpark Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Riverpark Strategic is expected to be smaller as well.

Auto-correlation

    
  0.98  

Excellent predictability

Riverpark Strategic Income has excellent predictability. Overlapping area represents the amount of predictability between Riverpark Strategic time series from 17th of July 2023 to 28th of March 2024 and 28th of March 2024 to 8th 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 Strategic price movement. The serial correlation of 0.98 indicates that 98.0% of current Riverpark Strategic price fluctuation can be explain by its past prices.
Correlation Coefficient0.98
Spearman Rank Test0.98
Residual Average0.0
Price Variance0.01

Riverpark Strategic lagged returns against current returns

Autocorrelation, which is Riverpark Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Riverpark Strategic returns to help us make a trade decision. For example, suppose you find that Riverpark Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Riverpark Strategic 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 Strategic mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Riverpark Strategic Lagged Returns

When evaluating Riverpark Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Riverpark Strategic mutual fund have on its future price. Riverpark Strategic 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 Strategic autocorrelation shows the relationship between Riverpark Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Riverpark Strategic Income.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Riverpark Mutual Fund

Riverpark Strategic 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 Strategic security.
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