Ridgeworth International Equity Fund Market Value
| STITX Fund | USD 9.39 0.11 1.19% |
| Symbol | Ridgeworth |
Ridgeworth International 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ridgeworth International's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ridgeworth International.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Ridgeworth International on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ridgeworth International Equity or generate 0.0% return on investment in Ridgeworth International over 30 days. Ridgeworth International is related to or competes with Virtus Multi, Virtus Multi-sector, Ridgeworth Seix, Ridgeworth Innovative, Ridgeworth Seix, Ridgeworth Seix, and Ridgeworth Seix. The fund invests at least 80 percent of its assets in equity securities of issuers organized, headquartered or doing a s... More
Ridgeworth International Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ridgeworth International's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ridgeworth International Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 3.1 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 1.15 |
Ridgeworth International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ridgeworth International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ridgeworth International's standard deviation. In reality, there are many statistical measures that can use Ridgeworth International historical prices to predict the future Ridgeworth International's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ridgeworth International's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ridgeworth International Backtested Returns
Ridgeworth International maintains Sharpe Ratio (i.e., Efficiency) of -0.0503, which implies the entity had a -0.0503% return per unit of risk over the last 3 months. Ridgeworth International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ridgeworth International's Risk Adjusted Performance of (0.05), coefficient of variation of (1,652), and Variance of 0.5286 to confirm the risk estimate we provide. The fund holds a Beta of 0.53, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Ridgeworth International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ridgeworth International is expected to be smaller as well.
Auto-correlation | 0.68 |
Good predictability
Ridgeworth International Equity has good predictability. Overlapping area represents the amount of predictability between Ridgeworth International time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ridgeworth International price movement. The serial correlation of 0.68 indicates that around 68.0% of current Ridgeworth International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Ridgeworth International lagged returns against current returns
Autocorrelation, which is Ridgeworth International mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Ridgeworth International's mutual fund expected returns. We can calculate the autocorrelation of Ridgeworth International returns to help us make a trade decision. For example, suppose you find that Ridgeworth International has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Ridgeworth International regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Ridgeworth International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ridgeworth International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ridgeworth International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ridgeworth International Lagged Returns
When evaluating Ridgeworth International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ridgeworth International mutual fund have on its future price. Ridgeworth International autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Ridgeworth International autocorrelation shows the relationship between Ridgeworth International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ridgeworth International Equity.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Ridgeworth Mutual Fund
Ridgeworth International financial ratios help investors to determine whether Ridgeworth Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ridgeworth with respect to the benefits of owning Ridgeworth International security.
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