Ridgeworth Innovative Growth Fund Manager Performance Evaluation
| SCATX Fund | USD 60.12 0.58 0.96% |
The fund holds a Beta of 1.09, which implies a somewhat significant risk relative to the market. Ridgeworth Innovative returns are very sensitive to returns on the market. As the market goes up or down, Ridgeworth Innovative is expected to follow.
Risk-Adjusted Performance
21 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Ridgeworth Innovative Growth are ranked lower than 21 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Ridgeworth Innovative showed solid returns over the last few months and may actually be approaching a breakup point.
...more| Expense Ratio Date | 28th of April 2023 | |
| Expense Ratio | 1.0000 |
Ridgeworth |
Ridgeworth Innovative Relative Risk vs. Return Landscape
If you would invest 4,856 in Ridgeworth Innovative Growth on August 31, 2024 and sell it today you would earn a total of 1,156 from holding Ridgeworth Innovative Growth or generate 23.81% return on investment over 90 days. Ridgeworth Innovative Growth is currently producing 0.3475% returns and takes up 1.2745% volatility of returns over 90 trading days. Put another way, 11% of traded mutual funds are less volatile than Ridgeworth, and 94% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Ridgeworth Innovative Current Valuation
Undervalued
Today
Please note that Ridgeworth Innovative's price fluctuation is very steady at this time. At this time, the fund appears to be undervalued. Ridgeworth Innovative holds a recent Real Value of $61.73 per share. The prevailing price of the fund is $60.12. We determine the value of Ridgeworth Innovative from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Ridgeworth Innovative is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Ridgeworth Mutual Fund. However, Ridgeworth Innovative's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 60.12 | Real 61.73 | Hype 60.12 | Naive 60.01 |
The intrinsic value of Ridgeworth Innovative's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Ridgeworth Innovative's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Ridgeworth Innovative Growth helps investors to forecast how Ridgeworth mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Ridgeworth Innovative more accurately as focusing exclusively on Ridgeworth Innovative's fundamentals will not take into account other important factors: Ridgeworth Innovative Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ridgeworth Innovative's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Ridgeworth Innovative Growth, and traders can use it to determine the average amount a Ridgeworth Innovative's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2727
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.27 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.35 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.27 actual daily | 21 79% of assets perform better |
Based on monthly moving average Ridgeworth Innovative is performing at about 21% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ridgeworth Innovative by adding it to a well-diversified portfolio.
Ridgeworth Innovative Fundamentals Growth
Ridgeworth Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Ridgeworth Innovative, and Ridgeworth Innovative fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Ridgeworth Mutual Fund performance.
| Price To Earning | 48.79 X | |||
| Price To Book | 4.31 X | |||
| Price To Sales | 3.33 X | |||
| Total Asset | 367.89 M | |||
About Ridgeworth Innovative Performance
Evaluating Ridgeworth Innovative's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Ridgeworth Innovative has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Ridgeworth Innovative has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund invests at least 80 percent of its net assets in common stocks of U.S. companies and other U.S.-traded equity securities. The Adviser considers U.S.-traded equity securities to include ADRs, as well as securities that are traded in the U.S. that have been issued by companies established, domiciled or operating in foreign countries. It may invest in companies of any size and may invest a portion of its assets in U.S. or non-U.S. issued securities of foreign companies.Things to note about Ridgeworth Innovative performance evaluation
Checking the ongoing alerts about Ridgeworth Innovative for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Ridgeworth Innovative help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated three year return of -2.0% | |
| Ridgeworth Innovative maintains 96.82% of its assets in stocks |
- Analyzing Ridgeworth Innovative's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Ridgeworth Innovative's stock is overvalued or undervalued compared to its peers.
- Examining Ridgeworth Innovative's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Ridgeworth Innovative's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Ridgeworth Innovative's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Ridgeworth Innovative's mutual fund. These opinions can provide insight into Ridgeworth Innovative's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Ridgeworth Mutual Fund
Ridgeworth Innovative 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 Innovative security.
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
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