Ridgeworth Ceredex Correlations

STCEX Fund

USD 6.19 0.11 1.81%

The current 90-days correlation between Ridgeworth Ceredex Small and Oklahoma Municipal Fund is 0.08 (i.e., Significant 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 Small and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ridgeworth Ceredex Small 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 Small. 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 income.

Moving together with Ridgeworth Mutual Fund

0.9	VSMAX	Vanguard Small Cap	Pair Corr
0.9	VSCIX	Vanguard Small Cap	Pair Corr
0.9	VSCPX	Vanguard Small Cap	Pair Corr
0.96	NAESX	Vanguard Small Cap	Pair Corr
0.91	FSSNX	Fidelity Small Cap	Pair Corr
0.98	PASVX	T Rowe Price	Pair Corr
0.9	TRZVX	T Rowe Price	Pair Corr
0.98	PRSVX	T Rowe Price	Pair Corr
0.69	CSCO	Cisco Systems	Pair Corr
0.69	BAC	Bank of America Aggressive Push	Pair Corr
0.68	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.64	HPQ	HP Inc	Pair Corr
0.7	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.68	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.73	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against Ridgeworth Mutual Fund

0.55	LIIAX	Columbia Porate Income	Pair Corr
0.54	SRINX	Columbia Porate Income	Pair Corr
0.5	CIFRX	Columbia Porate Income	Pair Corr
0.67	KO	Coca Cola Aggressive Push	Pair Corr
0.6	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.59	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.51	PG	Procter Gamble	Pair Corr
0.32	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	OKMUX	PATFX	PRFHX	PRINX	PCMNX	MSTPX
OKMUX		0.82	0.8	0.9	0.97	0.9	OKMUX
PATFX	0.82		1.0	0.88	0.85	0.85	PATFX
PRFHX	0.8	1.0		0.88	0.83	0.85	PRFHX
PRINX	0.9	0.88	0.88		0.93	0.98	PRINX
PCMNX	0.97	0.85	0.83	0.93		0.93	PCMNX
MSTPX	0.9	0.85	0.85	0.98	0.93		MSTPX
	OKMUX	PATFX	PRFHX	PRINX	PCMNX	MSTPX

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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
OKMUX	0.14	0.00	0.00	0.14	0.00	0.00	0.29	(0.47)	1.52
PATFX	0.15	0.00	(0.24)	(0.30)	0.24	(0.25)	0.44	(0.35)	1.69
PRFHX	0.15	0.00	(0.23)	(0.11)	0.23	(0.25)	0.44	(0.44)	1.61
PRINX	0.16	0.01	(0.25)	0.00	0.23	(0.24)	0.44	(0.44)	1.59
PCMNX	0.11	0.00	0.00	0.17	0.00	0.00	0.25	(0.25)	1.07
MSTPX	0.11	0.00	(0.26)	0.03	0.17	(0.17)	0.30	(0.30)	1.10

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