Riverpark Longshort Opportunity Fund Market Value
| RLSIX Fund | USD 12.81 0.14 1.08% |
| Symbol | Riverpark |
Riverpark Longshort '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 Longshort'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 Longshort.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Riverpark Longshort on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding Riverpark Longshort Opportunity or generate 0.0% return on investment in Riverpark Longshort over 30 days. Riverpark Longshort is related to or competes with Abr Dynamic, Alger Dynamic, Baron Global, and Balter Invenomic. The fund seeks long-term capital appreciation while managing downside volatility by investing long in equity securities ... More
Riverpark Longshort 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 Longshort'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 Longshort Opportunity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.668 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 3.42 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 1.16 |
Riverpark Longshort Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Riverpark Longshort's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Riverpark Longshort's standard deviation. In reality, there are many statistical measures that can use Riverpark Longshort historical prices to predict the future Riverpark Longshort's volatility.| Risk Adjusted Performance | 0.053 | |||
| Jensen Alpha | 0.009 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0646 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Riverpark Longshort's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Riverpark Longshort Backtested Returns
We consider Riverpark Longshort very steady. Riverpark Longshort maintains Sharpe Ratio (i.e., Efficiency) of 0.0892, which implies the entity had a 0.0892% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Riverpark Longshort, which you can use to evaluate the volatility of the fund. Please check Riverpark Longshort's Semi Deviation of 0.5782, risk adjusted performance of 0.053, and Coefficient Of Variation of 1211.94 to confirm if the risk estimate we provide is consistent with the expected return of 0.0656%. The fund holds a Beta of 0.76, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Riverpark Longshort's returns are expected to increase less than the market. However, during the bear market, the loss of holding Riverpark Longshort is expected to be smaller as well.
Auto-correlation | -0.55 |
Good reverse predictability
Riverpark Longshort Opportunity has good reverse predictability. Overlapping area represents the amount of predictability between Riverpark Longshort time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th of April 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 Longshort price movement. The serial correlation of -0.55 indicates that about 55.0% of current Riverpark Longshort price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Riverpark Longshort lagged returns against current returns
Autocorrelation, which is Riverpark Longshort 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 Longshort's mutual fund expected returns. We can calculate the autocorrelation of Riverpark Longshort returns to help us make a trade decision. For example, suppose you find that Riverpark Longshort 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 Longshort 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 Longshort mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Riverpark Longshort 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 Longshort mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Riverpark Longshort Lagged Returns
When evaluating Riverpark Longshort's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Riverpark Longshort mutual fund have on its future price. Riverpark Longshort 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 Longshort autocorrelation shows the relationship between Riverpark Longshort mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Riverpark Longshort Opportunity.
Regressed Prices |
| Timeline |
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Check out Riverpark Longshort Correlation, Riverpark Longshort Volatility and Riverpark Longshort Alpha and Beta module to complement your research on Riverpark Longshort. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Riverpark Longshort technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.