Riversource Series Correlations

RCEAX Fund

USD 9.77 0.21 2.10%

The current 90-days correlation between Riversource Series Trust and Pace Strategic Fixed is -0.12 (i.e., Good diversification). The correlation of Riversource Series 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.

Riversource Series Correlation With Market

Poor diversification

The correlation between Riversource Series Trust and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riversource Series Trust 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 Riversource Series Trust. 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 nation.

Moving together with Riversource Mutual Fund

0.88	TEEAX	Rbc Small Cap	Pair Corr
0.85	TETAX	Rbc Enterprise	Pair Corr
0.85	TETIX	Rbc Enterprise	Pair Corr
0.64	RREMX	Rbc Emerging Markets	Pair Corr
0.87	RRSVX	Rbc Small Cap	Pair Corr
0.77	RSMRX	Rbc Smid Cap	Pair Corr
1.0	RBCIX	Rbc China Equity	Pair Corr
0.94	RBCRX	Rbc Bluebay Absolute	Pair Corr
0.87	RSVIX	Rbc Small Cap	Pair Corr
0.76	RBESX	Rbc Bluebay Emerging	Pair Corr
0.8	RBERX	Rbc Bluebay Emerging	Pair Corr
0.83	RBIAX	Rbc Funds Trust	Pair Corr
0.9	RBRCX	Rbc Small Cap	Pair Corr
0.83	RBSIX	Rbc Funds Trust	Pair Corr
0.83	RBSRX	Rbc Bluebay Strategic	Pair Corr
0.89	RBVAX	Rbc Small Cap	Pair Corr
0.9	RCSIX	Rbc Small Cap	Pair Corr
0.79	TMCAX	Rbc Smid Cap	Pair Corr
0.77	TMCIX	Rbc Smid Cap	Pair Corr
0.64	REEAX	Rbc Emerging Markets	Pair Corr
0.64	REEIX	Rbc Emerging Markets	Pair Corr
0.8	TMVAX	Rbc Microcap Value	Pair Corr
0.69	REMVX	Rbc Emerging Markets	Pair Corr
0.76	RESAX	Rbc Bluebay Emerging	Pair Corr
0.7	REVAX	Rbc Funds Trust	Pair Corr
0.65	RGELX	Rbc Global Equity	Pair Corr

Related Correlations Analysis

	PBNAX	ANBIX	AAEZX	SGYAX	NWCSX	MBSAX	ANAGX	DHGCX
PBNAX		0.5	0.64	0.67	0.98	0.63	0.67	0.73	PBNAX
ANBIX	0.5		0.28	0.37	0.45	0.46	0.84	0.73	ANBIX
AAEZX	0.64	0.28		0.92	0.5	0.93	0.42	0.19	AAEZX
SGYAX	0.67	0.37	0.92		0.53	0.95	0.54	0.23	SGYAX
NWCSX	0.98	0.45	0.5	0.53		0.49	0.63	0.77	NWCSX
MBSAX	0.63	0.46	0.93	0.95	0.49		0.59	0.27	MBSAX
ANAGX	0.67	0.84	0.42	0.54	0.63	0.59		0.84	ANAGX
DHGCX	0.73	0.73	0.19	0.23	0.77	0.27	0.84		DHGCX
	PBNAX	ANBIX	AAEZX	SGYAX	NWCSX	MBSAX	ANAGX	DHGCX

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Risk-Adjusted Indicators

There is a big difference between Riversource Mutual Fund performing well and Riversource Series 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 Riversource Series' 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
PBNAX	0.25	0.00	(0.17)	(0.11)	0.34	(0.25)	0.52	(0.43)	1.79
ANBIX	0.19	0.01	(0.18)	(0.57)	0.21	(0.21)	0.48	(0.48)	1.25
AAEZX	0.29	0.00	(0.07)	0.08	0.48	(0.33)	0.73	(0.81)	2.16
SGYAX	0.21	0.01	(0.11)	1.43	0.27	(0.30)	0.58	(0.57)	1.31
NWCSX	0.28	0.00	(0.15)	(0.09)	0.38	(0.28)	0.56	(0.56)	1.87
MBSAX	0.30	0.01	(0.09)	0.15	0.41	(0.30)	0.68	(0.87)	1.95
ANAGX	0.19	0.02	(0.15)	(0.56)	0.19	(0.23)	0.44	(0.44)	1.31
DHGCX	0.22	0.01	(0.17)	(0.20)	0.30	(0.21)	0.47	(0.46)	1.39

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Riversource Series Correlations

Riversource Series Correlation With Market

Poor diversification

Moving together with Riversource Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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