Ridgeworth Seix Floating Fund Market Value
| SAMBX Fund | USD 7.88 0.00 0.00% |
| Symbol | Ridgeworth |
Ridgeworth Seix 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ridgeworth Seix's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ridgeworth Seix.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Ridgeworth Seix on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Ridgeworth Seix Floating or generate 0.0% return on investment in Ridgeworth Seix over 180 days. Ridgeworth Seix is related to or competes with T Rowe, Pace Municipal, Federated Ohio, Old Westbury, and Franklin High. The fund normally invests at least 80 percent of its net assets in a combination of first- and second-lien senior floati... More
Ridgeworth Seix Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ridgeworth Seix's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ridgeworth Seix Floating upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.63) | |||
| Maximum Drawdown | 0.9104 | |||
| Potential Upside | 0.1304 |
Ridgeworth Seix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ridgeworth Seix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ridgeworth Seix's standard deviation. In reality, there are many statistical measures that can use Ridgeworth Seix historical prices to predict the future Ridgeworth Seix's volatility.| Risk Adjusted Performance | 0.1658 | |||
| Jensen Alpha | 0.0295 | |||
| Total Risk Alpha | 0.0056 | |||
| Treynor Ratio | 2.59 |
Ridgeworth Seix Floating Backtested Returns
At this stage we consider Ridgeworth Mutual Fund to be very steady. Ridgeworth Seix Floating maintains Sharpe Ratio (i.e., Efficiency) of 0.23, which implies the entity had a 0.23% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Ridgeworth Seix Floating, which you can use to evaluate the volatility of the fund. Please check Ridgeworth Seix's Coefficient Of Variation of 371.15, variance of 0.0232, and Risk Adjusted Performance of 0.1658 to confirm if the risk estimate we provide is consistent with the expected return of 0.0281%. The fund holds a Beta of 0.012, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ridgeworth Seix's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ridgeworth Seix is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
Ridgeworth Seix Floating has very good predictability. Overlapping area represents the amount of predictability between Ridgeworth Seix time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ridgeworth Seix Floating price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Ridgeworth Seix price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ridgeworth Seix Floating lagged returns against current returns
Autocorrelation, which is Ridgeworth Seix mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Ridgeworth Seix's mutual fund expected returns. We can calculate the autocorrelation of Ridgeworth Seix returns to help us make a trade decision. For example, suppose you find that Ridgeworth Seix has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Ridgeworth Seix regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Ridgeworth Seix mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ridgeworth Seix mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ridgeworth Seix mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ridgeworth Seix Lagged Returns
When evaluating Ridgeworth Seix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ridgeworth Seix mutual fund have on its future price. Ridgeworth Seix autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Ridgeworth Seix autocorrelation shows the relationship between Ridgeworth Seix mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ridgeworth Seix Floating.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Ridgeworth Mutual Fund
Ridgeworth Seix financial ratios help investors to determine whether Ridgeworth Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ridgeworth with respect to the benefits of owning Ridgeworth Seix security.
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