Ridgeworth Innovative Growth Fund Manager Performance Evaluation
| SAGAX Fund | USD 48.19 1.84 3.68% |
The fund holds a Beta of 1.51, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ridgeworth Innovative will likely underperform.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Ridgeworth Innovative Growth has generated negative risk-adjusted returns adding no value to fund investors. In spite of weak performance in the last few months, the Fund's basic indicators remain fairly strong which may send shares a bit higher in April 2025. The current disturbance may also be a sign of long term up-swing for the fund investors.
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| Expense Ratio Date | 28th of April 2023 |
Ridgeworth |
Ridgeworth Innovative Relative Risk vs. Return Landscape
If you would invest 5,504 in Ridgeworth Innovative Growth on December 27, 2024 and sell it today you would lose (685.00) from holding Ridgeworth Innovative Growth or give up 12.45% of portfolio value over 90 days. Ridgeworth Innovative Growth is currently producing negative expected returns and takes up 2.026% volatility of returns over 90 trading days. Put another way, 18% of traded mutual funds are less volatile than Ridgeworth, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Ridgeworth Innovative Current Valuation
Fairly Valued
Today
Please note that Ridgeworth Innovative's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Ridgeworth Innovative holds a recent Real Value of $48.93 per share. The prevailing price of the fund is $48.19. We determine the value of Ridgeworth Innovative from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Ridgeworth Innovative is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Ridgeworth Mutual Fund. However, Ridgeworth Innovative's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 48.19 | Real 48.93 | Hype 48.28 | Naive 51.54 |
The intrinsic value of Ridgeworth Innovative's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Ridgeworth Innovative's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Ridgeworth Innovative Growth helps investors to forecast how Ridgeworth mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Ridgeworth Innovative more accurately as focusing exclusively on Ridgeworth Innovative's fundamentals will not take into account other important factors: Ridgeworth Innovative Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ridgeworth Innovative's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Ridgeworth Innovative Growth, and traders can use it to determine the average amount a Ridgeworth Innovative's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0992
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | SAGAX |
Estimated Market Risk
| 2.03 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ridgeworth Innovative is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ridgeworth Innovative by adding Ridgeworth Innovative to a well-diversified portfolio.
Ridgeworth Innovative Fundamentals Growth
Ridgeworth Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Ridgeworth Innovative, and Ridgeworth Innovative fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Ridgeworth Mutual Fund performance.
| Price To Earning | 46.24 X | ||||
| Price To Book | 4.14 X | ||||
| Price To Sales | 2.89 X | ||||
| Total Asset | 127.92 M | ||||
About Ridgeworth Innovative Performance
Evaluating Ridgeworth Innovative's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Ridgeworth Innovative has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Ridgeworth Innovative has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund invests at least 80 percent of its net assets in common stocks of U.S. companies and other U.S.-traded equity securities. The Adviser considers U.S.-traded equity securities to include ADRs, as well as securities that are traded in the U.S. that have been issued by companies established, domiciled or operating in foreign countries. It may invest in companies of any size and may invest a portion of its assets in U.S. or non-U.S. issued securities of foreign companies.Things to note about Ridgeworth Innovative performance evaluation
Checking the ongoing alerts about Ridgeworth Innovative for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Ridgeworth Innovative help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Ridgeworth Innovative generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: FAMES Pilot Line Launches Open Access Call for Chip Industry Week in Brief 32125 - Photonics.com | |
| The fund maintains 99.97% of its assets in stocks |
- Analyzing Ridgeworth Innovative's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Ridgeworth Innovative's stock is overvalued or undervalued compared to its peers.
- Examining Ridgeworth Innovative's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Ridgeworth Innovative's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Ridgeworth Innovative's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Ridgeworth Innovative's mutual fund. These opinions can provide insight into Ridgeworth Innovative's potential for growth and whether the stock is currently undervalued or overvalued.
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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