Ridgeworth Innovative Growth Fund Market Value
| SCATX Fund | USD 56.33 0.96 1.73% |
| Symbol | Ridgeworth |
Ridgeworth Innovative 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ridgeworth Innovative's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ridgeworth Innovative.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Ridgeworth Innovative on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Ridgeworth Innovative Growth or generate 0.0% return on investment in Ridgeworth Innovative over 30 days. Ridgeworth Innovative is related to or competes with Zevenbergen Genea, Ridgeworth Innovative, Morgan Stanley, Virtus Kar, and Ridgeworth Silvant. The fund invests at least 80 percent of its net assets in common stocks of U.S More
Ridgeworth Innovative Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ridgeworth Innovative's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ridgeworth Innovative Growth upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 7.05 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 2.08 |
Ridgeworth Innovative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ridgeworth Innovative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ridgeworth Innovative's standard deviation. In reality, there are many statistical measures that can use Ridgeworth Innovative historical prices to predict the future Ridgeworth Innovative's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ridgeworth Innovative's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ridgeworth Innovative Backtested Returns
Ridgeworth Innovative maintains Sharpe Ratio (i.e., Efficiency) of -0.0742, which implies the entity had a -0.0742 % return per unit of risk over the last 3 months. Ridgeworth Innovative exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ridgeworth Innovative's Variance of 2.22, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,937) to confirm the risk estimate we provide. The fund holds a Beta of 0.67, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Ridgeworth Innovative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ridgeworth Innovative is expected to be smaller as well.
Auto-correlation | -0.4 |
Poor reverse predictability
Ridgeworth Innovative Growth has poor reverse predictability. Overlapping area represents the amount of predictability between Ridgeworth Innovative time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ridgeworth Innovative price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Ridgeworth Innovative price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 4.9 |
Ridgeworth Innovative lagged returns against current returns
Autocorrelation, which is Ridgeworth Innovative mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Ridgeworth Innovative's mutual fund expected returns. We can calculate the autocorrelation of Ridgeworth Innovative returns to help us make a trade decision. For example, suppose you find that Ridgeworth Innovative has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Ridgeworth Innovative regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Ridgeworth Innovative mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ridgeworth Innovative mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ridgeworth Innovative mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ridgeworth Innovative Lagged Returns
When evaluating Ridgeworth Innovative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ridgeworth Innovative mutual fund have on its future price. Ridgeworth Innovative autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Ridgeworth Innovative autocorrelation shows the relationship between Ridgeworth Innovative mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ridgeworth Innovative Growth.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Ridgeworth Mutual Fund
Ridgeworth Innovative financial ratios help investors to determine whether Ridgeworth Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ridgeworth with respect to the benefits of owning Ridgeworth Innovative security.
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