Ridgeworth Seix Correlations

SAMFX Fund

USD 9.33 0.04 0.43%

The current 90-days correlation between Ridgeworth Seix Total and Us Government Securities is 0.96 (i.e., Almost no 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

Significant diversification

The correlation between Ridgeworth Seix Total and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ridgeworth Seix Total 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 Total. 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 census.

Moving together with Ridgeworth Mutual Fund

0.94	VMSAX	Vanguard Multi Sector	Pair Corr
0.9	VMSSX	Virtus Multi Sector	Pair Corr
0.64	HYIZX	Ridgeworth Seix High	Pair Corr
0.61	HYPSX	Ridgeworth Seix High	Pair Corr
0.65	SAMHX	Ridgeworth Seix High	Pair Corr
0.88	SSAGX	Virtus Seix Government	Pair Corr
1.0	SAMZX	Ridgeworth Seix Total	Pair Corr
0.72	PXCZX	Virtus Tax Exempt	Pair Corr
0.7	PXIIX	Virtus Rampart Enhanced	Pair Corr
0.99	SAVAX	Virtus Bond Fund	Pair Corr
0.99	SAVCX	Virtus Bond Fund	Pair Corr
0.96	SAVYX	Virtus Bond Fund	Pair Corr
0.7	PGHCX	Virtus High Yield	Pair Corr
0.68	PGICX	Virtus Rampart Enhanced	Pair Corr
0.8	PGIUX	Virtus Global Infras	Pair Corr
0.93	HIBIX	Virtus Low Duration	Pair Corr
0.78	HIEMX	Virtus Emerging Markets	Pair Corr
0.79	PGUAX	Virtus Global Infras	Pair Corr
0.79	PGUCX	Virtus Global Infras	Pair Corr
1.0	STGIX	Ridgeworth Seix E	Pair Corr
1.0	STGZX	Ridgeworth Seix E	Pair Corr
1.0	STIGX	Ridgeworth Seix E	Pair Corr
0.94	HIMZX	Virtus Low Duration	Pair Corr
0.66	PHCHX	Virtus High Yield	Pair Corr
0.72	PHCIX	Virtus High Yield	Pair Corr
0.79	STTBX	Ridgeworth Seix Inve	Pair Corr

Moving against Ridgeworth Mutual Fund

0.74	SAGAX	Ridgeworth Innovative	Pair Corr
0.66	STCIX	Ridgeworth Silvant Large	Pair Corr
0.65	STCZX	Ridgeworth Silvant Large	Pair Corr
0.65	STCAX	Ridgeworth Silvant Large	Pair Corr
0.62	PXSGX	Virtus Kar Small	Pair Corr
0.54	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.5	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.48	STCEX	Ridgeworth Ceredex Small	Pair Corr
0.42	PXQSX	Virtus Kar Small	Pair Corr
0.73	SCATX	Ridgeworth Innovative Steady Growth	Pair Corr
0.65	PHSKX	Virtus Kar Mid	Pair Corr
0.65	PICMX	Virtus Kar Mid	Pair Corr
0.55	SCETX	Ridgeworth Ceredex Small	Pair Corr

Related Correlations Analysis

	UGSFX	PATFX	RGVCX	TIMTX
UGSFX		0.76	1.0	0.7	UGSFX
PATFX	0.76		0.76	0.98	PATFX
RGVCX	1.0	0.76		0.7	RGVCX
TIMTX	0.7	0.98	0.7		TIMTX
	UGSFX	PATFX	RGVCX	TIMTX

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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
UGSFX	0.25	0.02	0.15	0.73	0.24	(0.30)	0.60	(0.50)	1.55
PATFX	0.19	(0.02)	0.00	(0.56)	0.00	0.00	0.36	(0.45)	1.26
RGVCX	0.25	0.02	0.17	1.40	0.23	(0.30)	0.51	(0.50)	1.38
TIMTX	0.17	(0.02)	0.00	(0.86)	0.00	0.00	0.29	(0.38)	1.03

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