Ridgeworth Ceredex Correlations

SMVTX Fund

USD 12.13 0.05 0.41%

The current 90-days correlation between Ridgeworth Ceredex Mid and Victory Sycamore Small is 0.64 (i.e., Poor diversification). The correlation of Ridgeworth Ceredex 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 Ceredex Correlation With Market

Average diversification

The correlation between Ridgeworth Ceredex Mid Cap and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ridgeworth Ceredex Mid Cap 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 Ceredex Mid Cap. 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 estimate.

Moving together with Ridgeworth Mutual Fund

0.68	HYIZX	Ridgeworth Seix High	Pair Corr
0.69	SAMFX	Ridgeworth Seix Total	Pair Corr
1.0	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.69	SAMZX	Ridgeworth Seix Total	Pair Corr
0.99	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.88	PXIIX	Virtus Rampart Enhanced	Pair Corr
0.69	SAVCX	Virtus Bond Fund	Pair Corr
0.66	SAVYX	Virtus Bond Fund	Pair Corr
0.93	PXQSX	Virtus Kar Small	Pair Corr
0.89	SSTFX	Virtus Kar Capital	Pair Corr
0.94	PXSGX	Virtus Kar Small Potential Growth	Pair Corr
0.72	PGICX	Virtus Rampart Enhanced	Pair Corr
0.89	PGIUX	Virtus Global Infras	Pair Corr
0.85	STCEX	Ridgeworth Ceredex Small	Pair Corr
0.88	PGUAX	Virtus Global Infras	Pair Corr
0.83	PGUCX	Virtus Global Infras	Pair Corr
0.67	STIGX	Ridgeworth Seix E	Pair Corr
0.88	STITX	Ridgeworth International	Pair Corr
0.61	PHCIX	Virtus High Yield	Pair Corr

Moving against Ridgeworth Mutual Fund

0.41	SAINX	Ridgeworth Seix Porate	Pair Corr
0.54	STIFX	Ridgeworth Seix Porate	Pair Corr
0.51	STICX	Ridgeworth Seix Porate	Pair Corr

Related Correlations Analysis

	VSOIX	EIBIX	STVTX	MEDIX	BSFIX
VSOIX		0.51	0.87	0.6	0.94	VSOIX
EIBIX	0.51		0.23	0.79	0.37	EIBIX
STVTX	0.87	0.23		0.5	0.95	STVTX
MEDIX	0.6	0.79	0.5		0.61	MEDIX
BSFIX	0.94	0.37	0.95	0.61		BSFIX
	VSOIX	EIBIX	STVTX	MEDIX	BSFIX

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Risk-Adjusted Indicators

There is a big difference between Ridgeworth Mutual Fund performing well and Ridgeworth Ceredex 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 Ceredex'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
VSOIX	0.89	(0.12)	0.00	(0.25)	0.00	0.00	1.62	(1.36)	13.64
EIBIX	0.13	0.00	(0.07)	(0.01)	0.10	(0.24)	0.19	(0.19)	1.15
STVTX	0.81	(0.28)	0.00	(0.14)	0.00	0.00	1.14	(0.88)	22.05
MEDIX	0.19	(0.03)	0.00	(0.68)	0.00	0.00	0.42	(0.41)	1.58
BSFIX	0.99	(0.22)	0.00	(0.18)	0.00	0.00	1.57	(1.69)	16.95

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