Ridgeworth Ceredex Correlations

SASVX Fund

USD 6.58 0.08 1.20%

The current 90-days correlation between Ridgeworth Ceredex Small and Qs Growth Fund is -0.12 (i.e., Good 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 -0.18 (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 unemployment.

Moving together with Ridgeworth Mutual Fund

0.71	VMSAX	Vanguard Multi Sector	Pair Corr
0.61	HYPSX	Ridgeworth Seix High	Pair Corr
0.61	SAMHX	Ridgeworth Seix High	Pair Corr
0.62	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.67	PGHCX	Virtus High Yield	Pair Corr
0.66	HIBIX	Virtus Low Duration	Pair Corr
0.77	STCEX	Ridgeworth Ceredex Small	Pair Corr
0.65	HIMZX	Virtus Low Duration	Pair Corr
0.67	PHCHX	Virtus High Yield	Pair Corr
0.66	PHCIX	Virtus High Yield	Pair Corr

Related Correlations Analysis

	LANIX	SMPIX	AUERX	ARBNX	TALTX	TRSAX	CPUIX
LANIX		0.86	0.8	0.53	0.76	0.83	0.76	LANIX
SMPIX	0.86		0.55	0.59	0.77	0.91	0.71	SMPIX
AUERX	0.8	0.55		0.33	0.54	0.57	0.65	AUERX
ARBNX	0.53	0.59	0.33		0.9	0.73	0.83	ARBNX
TALTX	0.76	0.77	0.54	0.9		0.86	0.94	TALTX
TRSAX	0.83	0.91	0.57	0.73	0.86		0.82	TRSAX
CPUIX	0.76	0.71	0.65	0.83	0.94	0.82		CPUIX
	LANIX	SMPIX	AUERX	ARBNX	TALTX	TRSAX	CPUIX

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
LANIX	0.44	0.11	0.02	(0.62)	0.53	(0.46)	1.01	(0.61)	3.99
SMPIX	1.96	0.15	0.07	0.16	2.73	(1.90)	4.27	(4.88)	14.79
AUERX	0.76	0.07	0.08	0.15	0.79	(0.88)	2.21	(1.65)	5.50
ARBNX	0.10	0.01	(0.53)	(1.04)	0.00	(0.14)	0.28	(0.14)	0.63
TALTX	0.14	0.03	(0.28)	(0.77)	0.00	(0.20)	0.28	(0.18)	1.01
TRSAX	0.69	(0.01)	(0.01)	0.07	0.99	(0.67)	1.19	(1.66)	4.80
CPUIX	0.20	0.02	(0.27)	0.36	0.04	(0.28)	0.55	(0.32)	0.98

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Ridgeworth Ceredex Correlations

Ridgeworth Ceredex Correlation With Market

Good diversification

Moving together with Ridgeworth Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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