Ridgeworth Ceredex Correlations

SVIFX Fund

USD 11.68 0.09 0.78%

The current 90-days correlation between Ridgeworth Ceredex Large and Guggenheim Managed Futures is 0.5 (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

Almost no diversification

The correlation between Ridgeworth Ceredex Large and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ridgeworth Ceredex 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 Ceredex 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 census.

Moving together with Ridgeworth Mutual Fund

0.78	HYIZX	Ridgeworth Seix High	Pair Corr
0.93	SAGAX	Ridgeworth Innovative	Pair Corr
0.77	HYPSX	Ridgeworth Seix High	Pair Corr
0.79	SAMBX	Ridgeworth Seix Floating	Pair Corr
0.81	SAMHX	Ridgeworth Seix High	Pair Corr
0.66	SSAGX	Virtus Seix Government	Pair Corr
0.91	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.79	PFSRX	Virtus Senior Floating	Pair Corr
0.96	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.69	PXIIX	Virtus Rampart Enhanced	Pair Corr
0.98	PXQSX	Virtus Kar Small	Pair Corr
0.94	SSTFX	Virtus Kar Capital	Pair Corr
0.97	PXSGX	Virtus Kar Small	Pair Corr
0.74	PGHCX	Virtus High Yield	Pair Corr
0.66	PGICX	Virtus Rampart Enhanced	Pair Corr
0.91	STCZX	Ridgeworth Silvant Large	Pair Corr
0.91	STCAX	Ridgeworth Silvant Large	Pair Corr
0.91	STCIX	Ridgeworth Silvant Large	Pair Corr
0.96	STCEX	Ridgeworth Ceredex Small	Pair Corr

Moving against Ridgeworth Mutual Fund

0.7	SAMFX	Ridgeworth Seix Total	Pair Corr
0.7	SAMZX	Ridgeworth Seix Total	Pair Corr
0.67	SAVCX	Virtus Bond Fund	Pair Corr
0.65	SAVAX	Virtus Bond Fund	Pair Corr
0.65	SAVYX	Virtus Bond Fund	Pair Corr
0.62	SAINX	Ridgeworth Seix Porate	Pair Corr
0.43	PXCZX	Virtus Tax Exempt	Pair Corr
0.7	STGIX	Ridgeworth Seix E	Pair Corr
0.69	STIGX	Ridgeworth Seix E	Pair Corr
0.68	STGZX	Ridgeworth Seix E	Pair Corr
0.65	STIFX	Ridgeworth Seix Porate	Pair Corr
0.62	STICX	Ridgeworth Seix Porate	Pair Corr
0.53	STITX	Ridgeworth International	Pair Corr
0.53	SCIIX	Ridgeworth International	Pair Corr
0.53	SCIZX	Ridgeworth International	Pair Corr
0.45	SCFTX	Ridgeworth Seix High	Pair Corr
0.4	STTBX	Ridgeworth Seix Inve	Pair Corr

Related Correlations Analysis

	RYIFX	TIPSX	MFTFX	ANBIX	GPMFX	SWRSX	LIPNX
RYIFX		0.57	0.92	0.35	0.83	0.54	0.56	RYIFX
TIPSX	0.57		0.68	0.91	0.79	1.0	1.0	TIPSX
MFTFX	0.92	0.68		0.54	0.94	0.67	0.68	MFTFX
ANBIX	0.35	0.91	0.54		0.67	0.93	0.93	ANBIX
GPMFX	0.83	0.79	0.94	0.67		0.79	0.8	GPMFX
SWRSX	0.54	1.0	0.67	0.93	0.79		1.0	SWRSX
LIPNX	0.56	1.0	0.68	0.93	0.8	1.0		LIPNX
	RYIFX	TIPSX	MFTFX	ANBIX	GPMFX	SWRSX	LIPNX

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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
RYIFX	0.47	(0.11)	0.00	(0.15)	0.00	0.00	0.99	(1.24)	2.58
TIPSX	0.20	(0.02)	0.00	(1.55)	0.00	0.00	0.31	(0.52)	1.35
MFTFX	0.94	(0.13)	0.00	(0.03)	0.00	0.00	1.70	(1.89)	5.42
ANBIX	0.14	(0.01)	(0.51)	(0.20)	0.18	(0.18)	0.29	(0.29)	1.16
GPMFX	0.40	(0.07)	0.00	(0.04)	0.00	0.00	0.75	(0.88)	2.31
SWRSX	0.19	(0.02)	0.00	(0.51)	0.00	0.00	0.29	(0.49)	1.17
LIPNX	0.21	(0.02)	0.00	(1.51)	0.00	0.00	0.41	(0.42)	1.44

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