Ridgeworth Seix Correlations

Mutual Funds . USA . 
Fund . Ridgeworth Seix E
STGIX Fund  USD 9.26  0.01  0.11%   
The current 90-days correlation between Ridgeworth Seix E and Vanguard Multi Sector Income is 0.03 (i.e., Significant diversification). The correlation of Ridgeworth Seix 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 Seix Correlation With Market

Good diversification

The correlation between Ridgeworth Seix E and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ridgeworth Seix E 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 Seix E. 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 gross domestic product.

Moving together with Ridgeworth Mutual Fund

  0.67VMSAX Vanguard Multi SectorPairCorr
  0.68VMSSX Virtus Multi SectorPairCorr
  0.63HYIZX Ridgeworth Seix HighPairCorr
  0.65HYPSX Ridgeworth Seix HighPairCorr
  0.75SAMFX Ridgeworth Seix TotalPairCorr
  0.63SAMHX Ridgeworth Seix HighPairCorr
  0.65SSAGX Virtus Seix GovernmentPairCorr
  0.76SAMZX Ridgeworth Seix TotalPairCorr
  0.71PXCZX Virtus Tax ExemptPairCorr
  0.82SAVAX Virtus Bond FundPairCorr
  0.83SAVCX Virtus Bond FundPairCorr
  0.82SAVYX Virtus Bond FundPairCorr
  0.61PGHCX Virtus High YieldPairCorr
  0.69HIBIX Virtus Low DurationPairCorr
  0.73STGZX Ridgeworth Seix EPairCorr
  0.73STIGX Ridgeworth Seix EPairCorr
  0.71HIMZX Virtus Low DurationPairCorr
  0.61PHCIX Virtus High YieldPairCorr
  0.71STTBX Ridgeworth Seix InvePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Ridgeworth Mutual Fund performing well and Ridgeworth Seix 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 Seix'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VMSAX  0.14  0.07 (0.37)(1.71) 0.00 
(0.18)
 0.45 
(0.17)
 1.15 
VMSSX  0.11  0.03 (0.43)(14.50) 0.00 
(0.26)
 0.22 
(0.22)
 0.67 
HYIZX  0.17  0.05 (0.28) 0.51  0.00 
(0.25)
 0.64 
(0.25)
 1.05 
SAGAX  1.11  0.45  0.25 (5.42) 0.82 
(1.34)
 3.11 
(1.95)
 7.65 
HYPSX  0.16  0.07 (0.37)(10.82) 0.00 
(0.25)
 0.65 
(0.13)
 0.95 
SAMFX  0.26  0.00 (0.34) 0.13  0.27 
(0.29)
 0.55 
(0.54)
 1.20 
SAMBX  0.11  0.05  0.00  0.93  0.00 
 0.00 
 0.41 
(0.13)
 0.80 
SAMHX  0.17  0.05 (0.29) 0.50  0.00 
(0.28)
 0.65 
(0.25)
 1.05 
SSAGX  0.06  0.01 (1.17) 0.49  0.00 
(0.18)
 0.10 
(0.10)
 0.61 
SAMVX  0.69  0.13  0.12  0.27  0.57 
(0.83)
 2.17 
(1.35)
 5.41 

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