Ridgeworth Seix Correlations

SAMBX Fund

USD 7.69 0.01 0.13%

The current 90-days correlation between Ridgeworth Seix Floating and Franklin Lifesmart Retirement is 0.09 (i.e., Significant diversification). The correlation of Ridgeworth Seix 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.

Ridgeworth Seix Correlation With Market

Good diversification

The correlation between Ridgeworth Seix Floating and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ridgeworth Seix Floating and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ridgeworth Seix Floating. 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 bureau of labor statistics.

Moving together with Ridgeworth Mutual Fund

0.84	VRHYX	Virtus High Yield	Pair Corr
0.65	VAABX	Virtus Duff Phelps	Pair Corr
0.91	PSFRX	Virtus Senior Floating	Pair Corr
0.85	OOSYX	Oppenheimer Senior	Pair Corr
0.86	OOSIX	Oppenheimer Senior	Pair Corr
0.9	LFRIX	Floating Rate	Pair Corr
0.92	LARCX	Floating Rate	Pair Corr
0.93	LFRRX	Lord Abbett Inv	Pair Corr
0.94	LFRFX	Floating Rate	Pair Corr
0.96	LRRRX	Floating Rate	Pair Corr
0.9	LRRTX	Floating Rate	Pair Corr
0.91	LRRVX	Floating Rate	Pair Corr
0.9	LRRKX	Floating Rate	Pair Corr
0.69	LSHUX	Horizon Spin Off	Pair Corr
0.72	KNPYX	Kinetics Paradigm	Pair Corr
0.71	WWNPX	Kinetics Paradigm	Pair Corr
0.68	LSHAX	Horizon Spin Off	Pair Corr

Moving against Ridgeworth Mutual Fund

0.48	SMPSX	Semiconductor Ultrasector	Pair Corr
0.42	SMPIX	Semiconductor Ultrasector	Pair Corr

Related Correlations Analysis

	FLMTX	ATTIX	FNOKX	EXBAX	MRMTX	BTRIX	TPILX
FLMTX		0.94	0.96	0.97	0.98	0.54	0.99	FLMTX
ATTIX	0.94		0.95	0.96	0.96	0.45	0.97	ATTIX
FNOKX	0.96	0.95		0.96	0.93	0.38	0.98	FNOKX
EXBAX	0.97	0.96	0.96		0.96	0.47	0.98	EXBAX
MRMTX	0.98	0.96	0.93	0.96		0.58	0.98	MRMTX
BTRIX	0.54	0.45	0.38	0.47	0.58		0.49	BTRIX
TPILX	0.99	0.97	0.98	0.98	0.98	0.49		TPILX
	FLMTX	ATTIX	FNOKX	EXBAX	MRMTX	BTRIX	TPILX

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Risk-Adjusted Indicators

There is a big difference between Ridgeworth Mutual Fund performing well and Ridgeworth Seix 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 Ridgeworth Seix'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
FLMTX	0.31	0.00	(0.01)	(0.01)	0.43	(0.30)	0.57	(0.66)	1.72
ATTIX	0.33	(0.03)	0.00	(0.06)	0.00	0.00	0.63	(0.87)	1.93
FNOKX	0.54	0.00	0.00	0.01	0.73	(0.54)	1.07	(1.13)	3.14
EXBAX	0.35	(0.01)	(0.02)	(0.03)	0.46	(0.37)	0.70	(0.69)	1.99
MRMTX	0.33	(0.02)	0.00	(0.06)	0.00	0.00	0.68	(0.68)	2.47
BTRIX	0.20	0.01	0.01	(0.08)	0.19	(0.26)	0.44	(0.44)	1.22
TPILX	0.31	(0.01)	(0.02)	(0.02)	0.41	(0.31)	0.61	(0.61)	1.77

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