Ridgeworth Seix Correlations

STIGX Fund

USD 9.39 0.02 0.21%

The current 90-days correlation between Ridgeworth Seix E and Legg Mason Partners is 0.05 (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

Average diversification

The correlation between Ridgeworth Seix E and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ridgeworth Seix E 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 E. 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 price.

Moving together with Ridgeworth Mutual Fund

0.96	VBTLX	Vanguard Total Bond	Pair Corr
1.0	VBMFX	Vanguard Total Bond	Pair Corr
0.96	VBTIX	Vanguard Total Bond	Pair Corr
1.0	VTBSX	Vanguard Total Bond	Pair Corr
1.0	VTBIX	Vanguard Total Bond	Pair Corr
1.0	VTBNX	Vanguard Total Bond	Pair Corr
0.99	BFAFX	Bond Fund	Pair Corr
1.0	ABNDX	Bond Fund	Pair Corr
0.99	BFACX	Bond Fund	Pair Corr
1.0	FFBOX	American Funds	Pair Corr
0.7	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.83	KO	Coca Cola Sell-off Trend	Pair Corr
0.87	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Ridgeworth Mutual Fund

0.78	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.77	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.74	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.71	HPQ	HP Inc	Pair Corr
0.64	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.61	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.59	WMT	Walmart Aggressive Push	Pair Corr
0.56	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.49	T	ATT Inc Aggressive Push	Pair Corr
0.46	HD	Home Depot Sell-off Trend	Pair Corr

Related Correlations Analysis

	QLMSTX	JISGX	APDSX	HSCYX	GPSCX	TVOYX	CWSIX	QUAKX
QLMSTX		0.98	0.95	0.99	0.97	0.99	0.97	0.96	QLMSTX
JISGX	0.98		0.94	0.98	0.98	0.98	0.98	0.94	JISGX
APDSX	0.95	0.94		0.97	0.9	0.93	0.9	0.98	APDSX
HSCYX	0.99	0.98	0.97		0.95	0.98	0.96	0.98	HSCYX
GPSCX	0.97	0.98	0.9	0.95		0.97	0.98	0.9	GPSCX
TVOYX	0.99	0.98	0.93	0.98	0.97		0.99	0.95	TVOYX
CWSIX	0.97	0.98	0.9	0.96	0.98	0.99		0.91	CWSIX
QUAKX	0.96	0.94	0.98	0.98	0.9	0.95	0.91		QUAKX
	QLMSTX	JISGX	APDSX	HSCYX	GPSCX	TVOYX	CWSIX	QUAKX

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 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
QLMSTX	0.88	0.01	0.04	0.12	0.96	(0.93)	1.93	(1.65)	6.85
JISGX	0.90	(0.02)	0.02	0.10	1.04	(0.97)	1.91	(1.76)	6.72
APDSX	0.96	0.01	0.03	0.13	1.14	(0.97)	2.03	(1.99)	5.77
HSCYX	0.88	(0.03)	0.01	0.09	0.97	(0.95)	1.77	(1.57)	6.60
GPSCX	1.08	0.06	0.07	0.16	1.10	(1.21)	2.33	(1.84)	5.55
TVOYX	0.79	(0.01)	0.03	0.11	0.67	(0.96)	1.70	(1.42)	6.73
CWSIX	0.88	0.00	0.05	0.11	0.75	(1.13)	2.04	(1.47)	7.79
QUAKX	0.94	0.02	0.05	0.13	1.03	(0.97)	1.92	(2.15)	6.77

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