Ridgeworth Seix Correlations

STIFX Fund

USD 7.53 0.00 0.00%

The current 90-days correlation between Ridgeworth Seix Porate and Vanguard Intermediate Term Porate is 0.28 (i.e., Modest diversification). The correlation of Ridgeworth Seix 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 Seix Correlation With Market

Significant diversification

The correlation between Ridgeworth Seix Porate and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ridgeworth Seix Porate and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. 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 census.

Moving together with Ridgeworth Mutual Fund

1.0

STICX

Ridgeworth Seix Porate

Pair Corr

Moving against Ridgeworth Mutual Fund

0.59	PXSGX	Virtus Kar Small	Pair Corr
0.56	PXQSX	Virtus Kar Small	Pair Corr
0.49	VMSAX	Virtus Multi Strategy	Pair Corr
0.46	PGIUX	Virtus Global Infras	Pair Corr
0.45	STCEX	Ridgeworth Ceredex Small	Pair Corr
0.42	SSTFX	Virtus Kar Capital	Pair Corr
0.42	STCIX	Ridgeworth Silvant Large	Pair Corr
0.41	STCAX	Ridgeworth Silvant Large	Pair Corr
0.4	SAMFX	Ridgeworth Seix Total	Pair Corr
0.4	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.4	PXCZX	Virtus Tax Exempt	Pair Corr
0.4	SAVYX	Virtus Bond Fund	Pair Corr
0.4	STCZX	Ridgeworth Silvant Large	Pair Corr
0.38	SAMZX	Ridgeworth Seix Total	Pair Corr
0.38	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.37	SAVCX	Virtus Bond Fund	Pair Corr
0.36	SAMHX	Ridgeworth Seix High	Pair Corr
0.35	PGHCX	Virtus High Yield	Pair Corr
0.33	SAVAX	Virtus Bond Fund	Pair Corr
0.32	PXIIX	Virtus Rampart Enhanced	Pair Corr
0.31	PGICX	Virtus Rampart Enhanced	Pair Corr
0.63	STTBX	Ridgeworth Seix Inve	Pair Corr
0.55	PHRAX	Virtus Real Estate	Pair Corr
0.53	SCIIX	Ridgeworth International	Pair Corr
0.5	SCETX	Ridgeworth Ceredex Small	Pair Corr
0.49	SVIFX	Ridgeworth Ceredex Large	Pair Corr
0.47	PGUCX	Virtus Global Infras	Pair Corr
0.45	PHCHX	Virtus High Yield	Pair Corr
0.45	SCFTX	Ridgeworth Seix High	Pair Corr
0.43	PGUAX	Virtus Global Infras	Pair Corr
0.39	STGIX	Ridgeworth Seix E	Pair Corr

Related Correlations Analysis

	VICSX	VFICX	VFIDX	VICBX	PBDPX	PIGIX	PGCAX	PBDAX	PBDCX	PCNNX
VICSX		0.99	0.99	1.0	0.9	0.99	0.99	0.99	0.89	0.91	VICSX
VFICX	0.99		1.0	0.99	0.91	1.0	1.0	1.0	0.91	0.91	VFICX
VFIDX	0.99	1.0		0.99	0.91	1.0	1.0	1.0	0.9	0.91	VFIDX
VICBX	1.0	0.99	0.99		0.9	0.99	0.99	0.99	0.89	0.9	VICBX
PBDPX	0.9	0.91	0.91	0.9		0.91	0.91	0.91	0.82	1.0	PBDPX
PIGIX	0.99	1.0	1.0	0.99	0.91		1.0	1.0	0.91	0.91	PIGIX
PGCAX	0.99	1.0	1.0	0.99	0.91	1.0		1.0	0.91	0.91	PGCAX
PBDAX	0.99	1.0	1.0	0.99	0.91	1.0	1.0		0.92	0.91	PBDAX
PBDCX	0.89	0.91	0.9	0.89	0.82	0.91	0.91	0.92		0.82	PBDCX
PCNNX	0.91	0.91	0.91	0.9	1.0	0.91	0.91	0.91	0.82		PCNNX
	VICSX	VFICX	VFIDX	VICBX	PBDPX	PIGIX	PGCAX	PBDAX	PBDCX	PCNNX

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Risk-Adjusted Indicators

There is a big difference between Ridgeworth Mutual Fund performing well and Ridgeworth Seix 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 Seix'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
VICSX	0.25	(0.02)	0.00	(0.11)	0.00	0.00	0.51	(0.55)	1.61
VFICX	0.26	(0.01)	(0.23)	(0.10)	0.28	(0.34)	0.82	(0.58)	1.75
VFIDX	0.26	(0.01)	(0.23)	(0.10)	0.28	(0.34)	0.82	(0.58)	1.63
VICBX	0.25	(0.02)	0.00	(0.10)	0.00	0.00	0.52	(0.56)	1.60
PBDPX	0.27	(0.01)	(0.21)	(0.17)	0.31	(0.33)	0.67	(0.67)	1.69
PIGIX	0.27	(0.01)	(0.20)	(0.09)	0.32	(0.33)	0.67	(0.67)	1.69
PGCAX	0.27	(0.02)	(0.22)	(0.09)	0.31	(0.32)	0.67	(0.67)	1.69
PBDAX	0.27	(0.02)	(0.21)	(0.10)	0.32	(0.33)	0.78	(0.67)	1.69
PBDCX	0.26	(0.01)	0.00	1.34	0.00	0.00	0.67	(0.56)	1.58
PCNNX	0.27	(0.01)	(0.22)	(0.16)	0.31	(0.32)	0.67	(0.67)	1.69

Ridgeworth Seix Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ridgeworth Seix mutual fund to make a market-neutral strategy. Peer analysis of Ridgeworth Seix could also be used in its relative valuation, which is a method of valuing Ridgeworth Seix by comparing valuation metrics with similar companies.

Vanguard Intermediate Term Porate Vanguard Intermediate Term Investment Grade Vanguard Intermediate Term Investment Grade Vanguard Intermediate Term Porate Pimco Investment Grade Investment Grade Porate Investment Grade Porate Investment Grade Porate Investment Grade Porate Pimco Investment Grade American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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