Ridgeworth Ceredex Correlations

STVZX Fund

USD 12.99 0.03 0.23%

The current 90-days correlation between Ridgeworth Ceredex Large and Touchstone Large Cap is -0.04 (i.e., Good 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 Large and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ridgeworth Ceredex Large 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 Large. 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 nation.

Moving together with Ridgeworth Mutual Fund

0.66	VVIAX	Vanguard Value Index	Pair Corr
0.75	DOXGX	Dodge Cox Stock	Pair Corr
0.75	DODGX	Dodge Stock Fund	Pair Corr
0.66	VIVAX	Vanguard Value Index	Pair Corr
0.69	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.69	RYVLX	Nasdaq 100 2x	Pair Corr
0.69	RYVYX	Nasdaq 100 2x	Pair Corr
0.69	UOPIX	Ultra Nasdaq 100	Pair Corr
0.69	RYCCX	Nasdaq 100 2x	Pair Corr
0.69	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.74	INPIX	Internet Ultrasector	Pair Corr
0.74	INPSX	Internet Ultrasector	Pair Corr
0.74	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.68	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.61	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.7	DIS	Walt Disney Aggressive Push	Pair Corr
0.76	CVX	Chevron Corp Sell-off Trend	Pair Corr

Moving against Ridgeworth Mutual Fund

0.43	TGLDX	Tocqueville Gold	Pair Corr
0.69	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.66	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.63	KO	Coca Cola Sell-off Trend	Pair Corr
0.31	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	TFCCX	RCLIX	LMUSX	DLCIX	FIOOX	LMISX	TWQZX
TFCCX		0.94	0.95	0.94	0.95	0.95	0.94	TFCCX
RCLIX	0.94		0.98	0.98	0.96	0.98	0.96	RCLIX
LMUSX	0.95	0.98		0.99	0.97	1.0	0.97	LMUSX
DLCIX	0.94	0.98	0.99		0.97	0.99	0.98	DLCIX
FIOOX	0.95	0.96	0.97	0.97		0.97	0.98	FIOOX
LMISX	0.95	0.98	1.0	0.99	0.97		0.97	LMISX
TWQZX	0.94	0.96	0.97	0.98	0.98	0.97		TWQZX
	TFCCX	RCLIX	LMUSX	DLCIX	FIOOX	LMISX	TWQZX

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
TFCCX	0.50	0.02	(0.02)	0.14	0.38	(0.58)	0.93	(0.98)	3.59
RCLIX	0.53	(0.03)	(0.06)	0.08	0.68	(0.55)	1.10	(1.49)	4.03
LMUSX	0.61	0.02	0.02	0.14	0.73	(0.70)	1.28	(1.49)	4.08
DLCIX	0.56	0.00	(0.02)	0.11	0.70	(0.60)	1.23	(1.27)	4.24
FIOOX	0.53	0.01	(0.02)	0.13	0.35	(0.63)	1.06	(0.84)	3.54
LMISX	0.61	0.03	0.02	0.14	0.74	(0.70)	1.28	(1.49)	4.05
TWQZX	0.49	0.00	(0.04)	0.11	0.35	(0.58)	1.16	(0.75)	3.48

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