Ridgeworth Ceredex Correlations

SAMVX Fund

USD 13.26 0.10 0.76%

The current 90-days correlation between Ridgeworth Ceredex Mid and Fulcrum Diversified Absolute is 0.42 (i.e., Very 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

Poor diversification

The correlation between Ridgeworth Ceredex Mid Cap and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ridgeworth Ceredex Mid Cap 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 Mid Cap. 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 unemployment.

Moving together with Ridgeworth Mutual Fund

0.77	VMSAX	Vanguard Multi Sector	Pair Corr
0.75	VMSSX	Virtus Multi Sector	Pair Corr
0.63	SAMBX	Ridgeworth Seix Floating	Pair Corr
0.68	SAMHX	Ridgeworth Seix High	Pair Corr
0.73	SSAGX	Virtus Seix Government	Pair Corr
0.63	SAVCX	Virtus Bond Fund	Pair Corr
0.65	PGIUX	Virtus Global Infras	Pair Corr
0.89	STCZX	Ridgeworth Silvant Large	Pair Corr
0.63	PGUAX	Virtus Global Infras	Pair Corr
0.67	STIGX	Ridgeworth Seix E	Pair Corr
0.73	STVTX	Ridgeworth Ceredex Large	Pair Corr
0.72	SVIFX	Ridgeworth Ceredex Large	Pair Corr
0.68	NARAX	Virtus Multi Sector	Pair Corr
0.66	VRSFX	Virtus Senior Floating	Pair Corr
0.83	VAADX	Virtus Convertible	Pair Corr
0.77	SIGVX	Ridgeworth Seix Gove	Pair Corr
0.75	SISIX	Ridgeworth Seix Inve	Pair Corr
0.83	MERIX	Merger Fund	Pair Corr
0.83	MERFX	Merger Fund	Pair Corr
1.0	SMVTX	Ridgeworth Ceredex Mid	Pair Corr

Moving against Ridgeworth Mutual Fund

0.64	PXQSX	Virtus Kar Small	Pair Corr
0.59	PKSAX	Virtus Kar Small	Pair Corr
0.5	VRISX	Virtus International	Pair Corr
0.65	PQSCX	Virtus Kar Small	Pair Corr
0.63	PSGCX	Virtus Kar Small	Pair Corr
0.62	PSGAX	Virtus Kar Small	Pair Corr
0.59	PKSCX	Virtus Kar Small	Pair Corr
0.55	VIISX	Virtus International	Pair Corr
0.45	VIESX	Virtus Emerging Markets	Pair Corr
0.42	VIMCX	Virtus Kar Mid	Pair Corr

Related Correlations Analysis

	FARIX	EKBCX	MDBLX	SRDAX	FHCOX	PGFCX	QDARX	BICPX
FARIX		0.88	0.84	0.69	0.82	0.87	0.81	0.88	FARIX
EKBCX	0.88		0.79	0.58	0.84	0.89	0.88	0.91	EKBCX
MDBLX	0.84	0.79		0.62	0.76	0.94	0.73	0.95	MDBLX
SRDAX	0.69	0.58	0.62		0.71	0.54	0.58	0.59	SRDAX
FHCOX	0.82	0.84	0.76	0.71		0.74	0.91	0.77	FHCOX
PGFCX	0.87	0.89	0.94	0.54	0.74		0.78	0.98	PGFCX
QDARX	0.81	0.88	0.73	0.58	0.91	0.78		0.79	QDARX
BICPX	0.88	0.91	0.95	0.59	0.77	0.98	0.79		BICPX
	FARIX	EKBCX	MDBLX	SRDAX	FHCOX	PGFCX	QDARX	BICPX

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
FARIX	0.33	0.06	0.03	0.26	0.29	(0.40)	0.69	(0.67)	1.94
EKBCX	0.78	0.07	0.07	0.13	0.95	(0.86)	1.72	(1.95)	5.18
MDBLX	0.15	0.03	(0.13)	0.88	0.00	(0.19)	0.36	(0.24)	0.83
SRDAX	0.13	0.04	(0.10)	(0.79)	0.00	(0.18)	0.28	(0.28)	0.85
FHCOX	0.04	0.00	0.00	0.00	0.00	0.00	0.10	(0.10)	0.60
PGFCX	0.22	0.02	(0.08)	0.13	0.13	(0.26)	0.46	(0.46)	1.19
QDARX	0.07	0.02	(0.45)	0.41	0.00	(0.10)	0.15	(0.08)	0.38
BICPX	0.19	0.03	(0.05)	0.16	0.00	(0.26)	0.42	(0.33)	1.16

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