Riverfront Dynamic Correlations
RLGCX Fund | USD 14.10 0.11 0.79% |
The current 90-days correlation between Riverfront Dynamic Equity and Fidelity Series Emerging is 0.11 (i.e., Average diversification). The correlation of Riverfront Dynamic 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.
Riverfront |
Moving together with Riverfront Mutual Fund
0.87 | FBONX | American Funds American | PairCorr |
0.87 | FBAFX | American Funds American | PairCorr |
0.99 | ABALX | American Balanced | PairCorr |
0.99 | BALCX | American Balanced | PairCorr |
0.87 | BALFX | American Balanced | PairCorr |
0.99 | RLBCX | American Balanced | PairCorr |
0.87 | RLBBX | American Balanced | PairCorr |
0.99 | CLBAX | American Balanced | PairCorr |
0.87 | CLBEX | American Balanced | PairCorr |
0.87 | RLBFX | American Balanced | PairCorr |
0.86 | FTYPX | Fidelity Freedom Index | PairCorr |
0.86 | FFBTX | Fidelity Freedom Blend | PairCorr |
0.76 | GAAVX | Gmo Alternative Allo | PairCorr |
0.95 | GCAVX | Gmo Small Cap | PairCorr |
0.83 | GQLOX | Gmo Quality Fund | PairCorr |
0.86 | GMCQX | Gmo Equity Allocation | PairCorr |
Moving against Riverfront Mutual Fund
0.37 | WMT | Walmart | PairCorr |
0.5 | TRV | The Travelers Companies | PairCorr |
0.33 | VZ | Verizon Communications Aggressive Push | PairCorr |
0.33 | HPQ | HP Inc | PairCorr |
Related Correlations Analysis
0.96 | 0.93 | 1.0 | 0.98 | 1.0 | 0.99 | FHKFX | ||
0.96 | 0.98 | 0.97 | 0.95 | 0.96 | 0.94 | SEDAX | ||
0.93 | 0.98 | 0.94 | 0.91 | 0.93 | 0.91 | DEDCX | ||
1.0 | 0.97 | 0.94 | 0.98 | 1.0 | 0.99 | QTERX | ||
0.98 | 0.95 | 0.91 | 0.98 | 0.99 | 0.98 | RYVLX | ||
1.0 | 0.96 | 0.93 | 1.0 | 0.99 | 0.99 | REMVX | ||
0.99 | 0.94 | 0.91 | 0.99 | 0.98 | 0.99 | PIEFX | ||
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Risk-Adjusted Indicators
There is a big difference between Riverfront Mutual Fund performing well and Riverfront Dynamic 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 Riverfront Dynamic'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
FHKFX | 0.55 | 0.29 | 0.08 | (15.16) | 0.00 | 1.72 | 4.12 | |||
SEDAX | 0.18 | 0.07 | (0.61) | 0.88 | 0.00 | 0.45 | 1.25 | |||
DEDCX | 0.10 | 0.04 | (0.82) | 1.15 | 0.00 | 0.26 | 0.92 | |||
QTERX | 0.50 | 0.30 | 0.09 | (5.02) | 0.00 | 1.47 | 3.85 | |||
RYVLX | 1.50 | 0.82 | 0.27 | (1.39) | 1.07 | 4.72 | 10.77 | |||
REMVX | 0.58 | 0.33 | 0.14 | (6.69) | 0.00 | 1.76 | 4.92 | |||
PIEFX | 0.65 | 0.31 | 0.09 | (3.30) | 0.00 | 2.36 | 4.18 |