Ridgeworth Ceredex Correlations

STCEX Fund

USD 4.84 0.02 0.41%

The current 90-days correlation between Ridgeworth Ceredex Small and Metropolitan West High is 0.34 (i.e., Weak 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

Good diversification

The correlation between Ridgeworth Ceredex Small 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 Ceredex Small 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 Small. 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 income.

Moving together with Ridgeworth Mutual Fund

0.94	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.71	PXCZX	Virtus Tax Exempt	Pair Corr
0.88	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.62	PXIIX	Virtus Rampart Enhanced	Pair Corr
0.63	SAVCX	Virtus Bond Fund	Pair Corr
0.98	PXQSX	Virtus Kar Small	Pair Corr
0.9	SSTFX	Virtus Kar Capital	Pair Corr
0.98	PXSGX	Virtus Kar Small	Pair Corr
0.72	PGIUX	Virtus Global Infras	Pair Corr
0.86	PGUAX	Virtus Global Infras	Pair Corr
0.87	PGUCX	Virtus Global Infras	Pair Corr
0.68	STITX	Ridgeworth International	Pair Corr

Moving against Ridgeworth Mutual Fund

0.44	PFSRX	Virtus Senior Floating	Pair Corr
0.37	HIBIX	Virtus Low Duration	Pair Corr
0.34	HIMZX	Virtus Low Duration	Pair Corr

Related Correlations Analysis

	MWHIX	SGYAX	DIHRX	BXHCX	FYAIX	AGDAX	AHYMX
MWHIX		0.38	0.66	0.58	0.7	0.95	0.74	MWHIX
SGYAX	0.38		0.79	0.91	0.82	0.46	0.57	SGYAX
DIHRX	0.66	0.79		0.88	0.9	0.67	0.8	DIHRX
BXHCX	0.58	0.91	0.88		0.91	0.6	0.78	BXHCX
FYAIX	0.7	0.82	0.9	0.91		0.7	0.74	FYAIX
AGDAX	0.95	0.46	0.67	0.6	0.7		0.65	AGDAX
AHYMX	0.74	0.57	0.8	0.78	0.74	0.65		AHYMX
	MWHIX	SGYAX	DIHRX	BXHCX	FYAIX	AGDAX	AHYMX

Click cells to compare fundamentals

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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
MWHIX	0.11	0.00	0.03	0.10	0.07	(0.20)	0.54	(0.32)	0.76
SGYAX	0.15	0.04	0.20	1.16	0.00	(0.28)	0.57	(0.28)	1.28
DIHRX	0.53	0.10	0.13	0.23	0.57	(0.60)	1.16	(0.99)	3.68
BXHCX	0.12	0.02	0.11	(0.83)	0.00	(0.20)	0.49	(0.25)	1.12
FYAIX	0.20	0.01	0.07	(0.28)	0.24	(0.20)	0.30	(0.33)	1.34
AGDAX	0.13	0.01	0.08	(3.79)	0.00	(0.24)	0.57	(0.28)	0.87
AHYMX	0.12	0.01	0.07	(0.44)	0.03	(0.17)	0.22	(0.22)	0.98

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