Ridgeworth International Correlations

SCIZX Fund

USD 9.50 0.04 0.42%

The current 90-days correlation between Ridgeworth International and Franklin Lifesmart Retirement is 0.67 (i.e., Poor diversification). The correlation of Ridgeworth International 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 International Correlation With Market

Very weak diversification

The correlation between Ridgeworth International Equit and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ridgeworth International Equit 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 International Equity. 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 nation.

Moving together with Ridgeworth Mutual Fund

0.78	SAINX	Ridgeworth Seix Porate	Pair Corr
0.76	SAMFX	Ridgeworth Seix Total	Pair Corr
0.77	SAMZX	Ridgeworth Seix Total	Pair Corr
0.62	PXCZX	Virtus Tax Exempt	Pair Corr
0.75	SAVAX	Virtus Bond Fund	Pair Corr
0.77	SAVCX	Virtus Bond Fund	Pair Corr
0.75	SAVYX	Virtus Bond Fund	Pair Corr
0.77	HIEMX	Virtus Emerging Markets	Pair Corr
0.78	STGIX	Ridgeworth Seix E	Pair Corr
0.78	STGZX	Ridgeworth Seix E	Pair Corr
0.78	STIGX	Ridgeworth Seix E	Pair Corr
0.79	STIFX	Ridgeworth Seix Porate	Pair Corr
0.78	STICX	Ridgeworth Seix Porate	Pair Corr
1.0	STITX	Ridgeworth International	Pair Corr

Moving against Ridgeworth Mutual Fund

0.74	SAMBX	Ridgeworth Seix Floating	Pair Corr
0.72	PFSRX	Virtus Senior Floating	Pair Corr
0.62	PXQSX	Virtus Kar Small	Pair Corr
0.59	SAGAX	Ridgeworth Innovative	Pair Corr
0.56	SSTFX	Virtus Kar Capital	Pair Corr
0.55	SSAGX	Virtus Seix Government	Pair Corr
0.54	PXSGX	Virtus Kar Small	Pair Corr
0.53	STCZX	Ridgeworth Silvant Large	Pair Corr
0.52	STCAX	Ridgeworth Silvant Large	Pair Corr
0.49	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.45	HYIZX	Ridgeworth Seix High	Pair Corr
0.45	SAMHX	Ridgeworth Seix High	Pair Corr
0.42	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.39	HYPSX	Ridgeworth Seix High	Pair Corr
0.37	PGHCX	Virtus High Yield	Pair Corr
0.68	WCFRX	Virtus Westchester Credit	Pair Corr
0.59	SCATX	Ridgeworth Innovative	Pair Corr
0.53	STVZX	Ridgeworth Ceredex Large	Pair Corr
0.53	STVTX	Ridgeworth Ceredex Large	Pair Corr
0.52	STCIX	Ridgeworth Silvant Large	Pair Corr
0.49	STCEX	Ridgeworth Ceredex Small	Pair Corr
0.49	SCETX	Ridgeworth Ceredex Small	Pair Corr
0.41	PHCIX	Virtus High Yield	Pair Corr
0.4	PHSKX	Virtus Kar Mid	Pair Corr
0.4	PICMX	Virtus Kar Mid	Pair Corr
0.37	PHCHX	Virtus High Yield	Pair Corr

Related Correlations Analysis

	FLMTX	SAMAX	BIMPX	SCGCX	FHRVX	JTSQX	JLMOX	JALMX
FLMTX		0.74	0.94	0.79	0.76	0.84	0.97	0.97	FLMTX
SAMAX	0.74		0.62	0.98	0.19	0.92	0.64	0.64	SAMAX
BIMPX	0.94	0.62		0.7	0.83	0.77	0.97	0.97	BIMPX
SCGCX	0.79	0.98	0.7		0.29	0.96	0.71	0.71	SCGCX
FHRVX	0.76	0.19	0.83	0.29		0.47	0.86	0.85	FHRVX
JTSQX	0.84	0.92	0.77	0.96	0.47		0.79	0.8	JTSQX
JLMOX	0.97	0.64	0.97	0.71	0.86	0.79		1.0	JLMOX
JALMX	0.97	0.64	0.97	0.71	0.85	0.8	1.0		JALMX
	FLMTX	SAMAX	BIMPX	SCGCX	FHRVX	JTSQX	JLMOX	JALMX

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 International 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 International'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
FLMTX	0.22	0.00	(0.32)	0.11	0.20	(0.25)	0.47	(0.56)	1.12
SAMAX	0.41	0.00	(0.09)	0.12	0.39	(0.47)	0.85	(0.83)	2.62
BIMPX	0.25	(0.01)	(0.32)	0.07	0.23	(0.36)	0.75	(0.60)	1.58
SCGCX	0.42	(0.02)	(0.11)	0.09	0.46	(0.47)	0.87	(0.71)	2.67
FHRVX	0.25	(0.02)	(0.37)	0.04	0.27	(0.29)	0.56	(0.55)	1.54
JTSQX	0.50	(0.03)	(0.11)	0.08	0.61	(0.53)	1.12	(0.93)	3.11
JLMOX	0.26	(0.01)	(0.30)	0.08	0.25	(0.28)	0.63	(0.63)	1.35
JALMX	0.25	(0.01)	(0.31)	0.08	0.24	(0.27)	0.48	(0.55)	1.28

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC