Ridgeworth Silvant Correlations

STCAX Fund

USD 15.44 0.01 0.06%

The current 90-days correlation between Ridgeworth Silvant Large and Virtus Multi Sector Short is -0.03 (i.e., Good diversification). The correlation of Ridgeworth Silvant 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 Silvant Correlation With Market

Poor diversification

The correlation between Ridgeworth Silvant Large and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ridgeworth Silvant 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 Silvant 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

0.94	SAGAX	Ridgeworth Innovative	Pair Corr
0.71	SAMHX	Ridgeworth Seix High	Pair Corr
0.62	SSAGX	Virtus Seix Government	Pair Corr
0.79	PFSRX	Virtus Senior Floating	Pair Corr
0.86	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.68	PXIIX	Virtus Rampart Enhanced	Pair Corr
0.92	PXQSX	Virtus Kar Small	Pair Corr
0.93	PXSGX	Virtus Kar Small	Pair Corr
0.69	PGHCX	Virtus High Yield	Pair Corr
1.0	STCZX	Ridgeworth Silvant Large	Pair Corr
0.86	STCEX	Ridgeworth Ceredex Small	Pair Corr
0.94	SCATX	Ridgeworth Innovative	Pair Corr
0.91	STVTX	Ridgeworth Ceredex Large	Pair Corr
0.91	PHSKX	Virtus Kar Mid	Pair Corr
0.87	WCFRX	Virtus Westchester Credit	Pair Corr
0.91	PICMX	Virtus Kar Mid	Pair Corr

Moving against Ridgeworth Mutual Fund

0.79	SAMZX	Ridgeworth Seix Total	Pair Corr
0.77	SAVCX	Virtus Bond Fund	Pair Corr
0.76	SAVAX	Virtus Bond Fund	Pair Corr
0.55	PXCZX	Virtus Tax Exempt	Pair Corr
0.79	STIGX	Ridgeworth Seix E	Pair Corr
0.78	STGZX	Ridgeworth Seix E	Pair Corr
0.74	STIFX	Ridgeworth Seix Porate	Pair Corr
0.72	STICX	Ridgeworth Seix Porate	Pair Corr
0.51	STITX	Ridgeworth International	Pair Corr
0.51	SCIIX	Ridgeworth International	Pair Corr
0.51	SCIZX	Ridgeworth International	Pair Corr
0.66	VSHEX	Virtus Stone Harbor	Pair Corr
0.47	VRGEX	Virtus Global Real	Pair Corr
0.41	VRISX	Virtus International	Pair Corr

Related Correlations Analysis

	VMSSX	HYIZX	SAINX	HYPSX	SAMFX	SAMBX	SAMHX	SSAGX	SAMVX
VMSSX		0.71	0.39	0.73	0.3	0.37	0.68	0.67	0.19	VMSSX
HYIZX	0.71		-0.28	0.99	-0.38	0.85	0.99	0.92	0.7	HYIZX
SAINX	0.39	-0.28		-0.25	0.99	-0.68	-0.3	-0.37	-0.55	SAINX
HYPSX	0.73	0.99	-0.25		-0.35	0.83	0.99	0.91	0.7	HYPSX
SAMFX	0.3	-0.38	0.99	-0.35		-0.74	-0.41	-0.45	-0.63	SAMFX
SAMBX	0.37	0.85	-0.68	0.83	-0.74		0.85	0.91	0.67	SAMBX
SAMHX	0.68	0.99	-0.3	0.99	-0.41	0.85		0.9	0.73	SAMHX
SSAGX	0.67	0.92	-0.37	0.91	-0.45	0.91	0.9		0.52	SSAGX
SAMVX	0.19	0.7	-0.55	0.7	-0.63	0.67	0.73	0.52		SAMVX
	VMSSX	HYIZX	SAINX	HYPSX	SAMFX	SAMBX	SAMHX	SSAGX	SAMVX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

HYPSX	+ 0.99	HYIZX
SAMHX	+ 0.99	HYIZX
SAMFX	+ 0.99	SAINX
SAMHX	+ 0.99	HYPSX
SSAGX	+ 0.92	HYIZX
SSAGX	+ 0.91	HYPSX

High negative correlations

SAMBX	- 0.74	SAMFX
SAMBX	- 0.68	SAINX
SAMVX	- 0.63	SAMFX
SAMVX	- 0.55	SAINX
SSAGX	- 0.45	SAMFX
SAMHX	- 0.41	SAMFX

Risk-Adjusted Indicators

There is a big difference between Ridgeworth Mutual Fund performing well and Ridgeworth Silvant 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 Silvant'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
VMSSX	0.07	0.00	(0.49)	0.52	0.00	(0.24)	0.22	(0.22)	0.66
HYIZX	0.11	0.01	(0.67)	0.43	0.00	(0.19)	0.26	(0.13)	0.76
SAINX	0.25	(0.02)	0.00	0.53	0.00	0.00	0.53	(0.67)	1.47
HYPSX	0.11	0.01	(0.56)	0.24	0.00	(0.21)	0.26	(0.26)	0.91
SAMFX	0.22	(0.03)	0.00	0.48	0.00	0.00	0.42	(0.63)	1.29
SAMBX	0.08	0.03	0.00	2.50	0.00	0.00	0.13	0.00	0.91
SAMHX	0.11	0.01	(0.58)	0.27	0.00	(0.20)	0.25	(0.25)	0.76
SSAGX	0.05	0.01	(1.07)	(0.29)	0.00	(0.23)	0.10	(0.10)	0.51
SAMVX	0.74	(0.04)	(0.02)	0.09	0.69	(0.96)	1.54	(1.34)	5.18

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