Ridgeworth Innovative Correlations
SCATX Fund | USD 64.28 0.23 0.36% |
The current 90-days correlation between Ridgeworth Innovative and Zevenbergen Genea Fund is 0.15 (i.e., Average diversification). The correlation of Ridgeworth Innovative 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 Innovative Correlation With Market
Poor diversification
The correlation between Ridgeworth Innovative Growth and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ridgeworth Innovative Growth and DJI in the same portfolio, assuming nothing else is changed.
Ridgeworth |
Moving together with Ridgeworth Mutual Fund
0.86 | VMSSX | Virtus Multi Sector | PairCorr |
0.99 | SAGAX | Ridgeworth Innovative | PairCorr |
0.9 | HYPSX | Ridgeworth Seix High | PairCorr |
0.91 | SAMBX | Ridgeworth Seix Floating | PairCorr |
0.84 | SSAGX | Virtus Seix Government | PairCorr |
0.67 | PXCZX | Virtus Tax Exempt | PairCorr |
0.88 | SASVX | Ridgeworth Ceredex Small | PairCorr |
0.95 | PXIIX | Virtus Rampart Enhanced | PairCorr |
0.69 | SAVYX | Virtus Bond Fund | PairCorr |
0.93 | PXQSX | Virtus Kar Small | PairCorr |
0.98 | SSTFX | Virtus Kar Capital | PairCorr |
0.88 | PXSGX | Virtus Kar Small | PairCorr |
0.96 | STCAX | Ridgeworth Silvant Large | PairCorr |
0.98 | HIEMX | Virtus Emerging Markets | PairCorr |
0.83 | HIMZX | Virtus Low Duration | PairCorr |
0.93 | PHCHX | Virtus High Yield | PairCorr |
0.92 | PHCIX | Virtus High Yield | PairCorr |
0.78 | STTBX | Ridgeworth Seix Inve | PairCorr |
0.91 | SCIIX | Ridgeworth International | PairCorr |
0.73 | PHRAX | Virtus Real Estate | PairCorr |
0.71 | PHRCX | Virtus Real Estate | PairCorr |
0.92 | PHSKX | Virtus Kar Mid | PairCorr |
0.91 | SVIFX | Ridgeworth Ceredex Large | PairCorr |
0.9 | SVIIX | Ridgeworth Ceredex Large | PairCorr |
0.93 | VQSRX | Virtus Kar Small | PairCorr |
0.87 | VRGEX | Virtus Global Real | PairCorr |
0.91 | VRHYX | Virtus High Yield | PairCorr |
0.91 | VAAGX | Virtus Nfj Large | PairCorr |
0.92 | VAADX | Virtus Convertible | PairCorr |
0.74 | VRREX | Virtus Real Estate | PairCorr |
0.95 | VAESX | Virtus Emerging Markets | PairCorr |
0.89 | VADIX | Virtus Alternatives | PairCorr |
0.89 | VSCRX | Virtus Kar Small | PairCorr |
0.91 | SFRAX | Ridgeworth Seix Floating | PairCorr |
0.89 | PKSAX | Virtus Kar Small | PairCorr |
0.89 | PKSFX | Virtus Kar Small | PairCorr |
0.89 | PKSCX | Virtus Kar Small | PairCorr |
0.98 | SGACX | American Beacon Sga | PairCorr |
0.98 | SGAPX | American Beacon Sga | PairCorr |
Related Correlations Analysis
0.99 | 0.99 | 0.53 | 0.98 | ZVGNX | ||
0.99 | 0.98 | 0.52 | 0.96 | SAGAX | ||
0.99 | 0.98 | 0.45 | 0.98 | CPODX | ||
0.53 | 0.52 | 0.45 | 0.48 | PICMX | ||
0.98 | 0.96 | 0.98 | 0.48 | STCAX | ||
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Risk-Adjusted Indicators
There is a big difference between Ridgeworth Mutual Fund performing well and Ridgeworth Innovative 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 Innovative'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
ZVGNX | 1.17 | 0.55 | 0.25 | (2.40) | 0.74 | 3.33 | 8.17 | |||
SAGAX | 1.08 | 0.48 | 0.21 | (2.45) | 0.68 | 3.11 | 7.65 | |||
CPODX | 1.28 | 0.49 | 0.18 | (1.64) | 0.90 | 3.53 | 8.40 | |||
PICMX | 0.75 | 0.01 | (0.06) | 0.22 | 0.74 | 1.61 | 6.33 | |||
STCAX | 0.79 | 0.16 | 0.17 | 0.37 | 0.41 | 2.34 | 5.69 |