Ridgeworth Ceredex Correlations

Mutual Funds . USA . 
Fund . Ridgeworth Ceredex Small
STCEX Fund  USD 4.76  0.01  0.21%   
The current 90-days correlation between Ridgeworth Ceredex Small and Virtus Kar Small Cap is 0.87 (i.e., Very poor 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

Poor diversification

The correlation between Ridgeworth Ceredex Small and DJI is 0.79 (i.e., Poor 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 income.

Moving together with Ridgeworth Mutual Fund

  0.91VMSAX Vanguard Multi SectorPairCorr
  0.9VMSSX Virtus Multi SectorPairCorr
  0.93HYIZX Ridgeworth Seix HighPairCorr
  0.88SAGAX Ridgeworth InnovativePairCorr
  0.92HYPSX Ridgeworth Seix HighPairCorr
  0.94SAMBX Ridgeworth Seix FloatingPairCorr
  0.93SAMHX Ridgeworth Seix HighPairCorr
  0.83SSAGX Virtus Seix GovernmentPairCorr
  0.99SAMVX Ridgeworth Ceredex MidPairCorr
  0.61SAMZX Ridgeworth Seix TotalPairCorr
  0.81PXCZX Virtus Tax ExemptPairCorr
  0.94PFSRX Virtus Senior FloatingPairCorr
  0.96SASVX Ridgeworth Ceredex SmallPairCorr
  0.93PXIIX Virtus Rampart EnhancedPairCorr
  0.79SAVAX Virtus Bond FundPairCorr
  0.77SAVCX Virtus Bond FundPairCorr
  0.79SAVYX Virtus Bond FundPairCorr
  0.95PXQSX Virtus Kar SmallPairCorr
  0.92SSTFX Virtus Kar CapitalPairCorr
  0.85PXSGX Virtus Kar SmallPairCorr
  0.94PGHCX Virtus High YieldPairCorr
  0.93PGICX Virtus Rampart EnhancedPairCorr
  0.77PGIUX Virtus Global InfrasPairCorr
  0.88HIBIX Virtus Low DurationPairCorr
  0.95STCZX Ridgeworth Silvant LargePairCorr
  0.95STCAX Ridgeworth Silvant LargePairCorr
  0.93STCIX Ridgeworth Silvant LargePairCorr
  0.87HIEMX Virtus Emerging MarketsPairCorr
  0.67PGUAX Virtus Global InfrasPairCorr
  0.76PGUCX Virtus Global InfrasPairCorr
  0.85STITX Ridgeworth InternationalPairCorr
  0.88HIMZX Virtus Low DurationPairCorr
  0.94PHCHX Virtus High YieldPairCorr
  0.92PHCIX Virtus High YieldPairCorr
  0.86STTBX Ridgeworth Seix InvePairCorr

Related Correlations Analysis

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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.

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