RIVERFRONT ASSET Correlations

RAGIX Fund

USD 14.90 -0.18 -1.19%

Current 90-days correlation between Riverfront Asset and Sprott Gold Equity is 0.13 (i.e., Average diversification).The correlation coefficient for RIVERFRONT ASSET ranges from -1 to +1. Values above 0.8 suggest strong positive correlation - both assets move together - while values below -0.5 suggest a useful diversification pairing.

RIVERFRONT ASSET Correlation to Market

Very weak diversification

Across the chosen horizon, RAGIX and DJI show a correlation of 0.41 and fall into the Very weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Your Equity Center frames the approach to diversified portfolio design. The view supports a broader understanding of portfolio structure. Allocation structure reflects how positions are distributed across the portfolio. This suggests a position in Riverfront Asset Allocation. This appears in the portfolio view. 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 RIVERFRONT Mutual Fund

0.78	BHIMX	ALPS Series Trust	Pair Corr
0.77	BHIIX	Brigade High Income	Pair Corr
0.81	SMASX	Alpssmith Short Duration	Pair Corr
0.8	SMCMX	Alpssmith Short Duration	Pair Corr
0.78	SMCVX	ALPSSmith Credit	Pair Corr
0.75	SMCRX	ALPSSmith Credit	Pair Corr
0.72	SMCHX	Alpssmith Total Return	Pair Corr
0.76	SMCAX	DEUTSCHE MID CAP	Pair Corr
0.78	SMCCX	DEUTSCHE MID CAP	Pair Corr
0.72	SMTRX	Alpssmith Total Return	Pair Corr
0.73	SMTHX	Alpssmith Total Return	Pair Corr
1.0	RLGCX	Riverfront Dynamic Equity	Pair Corr
0.91	RLGAX	Riverfront Dynamic Equity	Pair Corr
1.0	RLIIX	Riverfront Dynamic Equity	Pair Corr
0.8	ALCBX	ALPSSmith Balanced	Pair Corr
0.79	ALIBX	ALPSSmith Balanced	Pair Corr
0.79	ALPBX	ALPSSmith Balanced	Pair Corr
0.89	ABALX	American Balanced	Pair Corr
0.88	BALCX	American Balanced	Pair Corr
0.78	BALFX	American Balanced	Pair Corr
0.89	FBONX	American Funds American	Pair Corr
0.89	FBAFX	American Funds American	Pair Corr
0.88	RLBCX	American Balanced	Pair Corr
0.88	RLBBX	American Balanced	Pair Corr
0.89	CLBAX	American Balanced	Pair Corr
0.88	CLBEX	American Balanced	Pair Corr

Related Correlations Analysis

	GCEBX	XGGNX	FGDIX	OGMCX	FGPMX	SPPIX	SGDLX
GCEBX		0.85	0.7	0.68	0.67	-0.8	0.68	GCEBX
XGGNX	0.85		0.9	0.88	0.9	-0.92	0.89	XGGNX
FGDIX	0.7	0.9		1.0	0.99	-0.98	0.99	FGDIX
OGMCX	0.68	0.88	1.0		0.99	-0.97	0.99	OGMCX
FGPMX	0.67	0.9	0.99	0.99		-0.97	0.99	FGPMX
SPPIX	-0.8	-0.92	-0.98	-0.97	-0.97		-0.97	SPPIX
SGDLX	0.68	0.89	0.99	0.99	0.99	-0.97		SGDLX
	GCEBX	XGGNX	FGDIX	OGMCX	FGPMX	SPPIX	SGDLX

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

OGMCX	+ 1.0	FGDIX
FGPMX	+ 0.99	FGDIX
SGDLX	+ 0.99	FGDIX
FGPMX	+ 0.99	OGMCX
SGDLX	+ 0.99	OGMCX
SGDLX	+ 0.99	FGPMX

High negative correlations

SPPIX	- 0.98	FGDIX
SGDLX	- 0.97	SPPIX
SPPIX	- 0.97	FGPMX
SPPIX	- 0.97	OGMCX
SPPIX	- 0.92	XGGNX
SPPIX	- 0.8	GCEBX

Risk-Adjusted Indicators

There is a big difference between RIVERFRONT Mutual Fund performing well and RIVERFRONT ASSET Mutual Fund doing well as a business compared to the competition. Risk-adjusted metrics allow investors to compare RIVERFRONT ASSET's efficiency and downside exposure against peers in a more meaningful way. 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
GCEBX	0.77	0.20	0.26	-1.27	0.91	-0.84	1.46	-1.76	5.81
XGGNX	1.00	0.01	0.07	-0.18	1.60	-0.92	1.86	-2.70	7.09
FGDIX	2.37	0.14	0.02	0.00	4.28	-1.96	4.93	-6.12	17.37
OGMCX	2.28	0.13	0.00	-0.01	0.00	0.00	4.72	-5.96	16.71
FGPMX	2.49	0.15	0.03	0.01	4.04	-2.25	4.84	-6.50	16.65
SPPIX	2.48	-0.15	0.04	0.00	2.46	-3.91	6.27	-4.92	18.44
SGDLX	2.31	0.18	0.04	0.04	3.94	-2.12	4.84	-6.28	17.67

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