Ridgeworth Innovative Growth Fund Market Value
| SCATX Fund | USD 60.12 0.58 0.96% |
| Symbol | Ridgeworth |
Ridgeworth Innovative '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 Innovative'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 Innovative.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Ridgeworth Innovative on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Ridgeworth Innovative Growth or generate 0.0% return on investment in Ridgeworth Innovative over 360 days. Ridgeworth Innovative is related to or competes with Zevenbergen Genea, Ridgeworth Innovative, Morgan Stanley, Virtus Kar, and Ridgeworth Silvant. The fund invests at least 80 percent of its net assets in common stocks of U.S More
Ridgeworth Innovative 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 Innovative'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 Innovative Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | 0.1186 | |||
| Maximum Drawdown | 5.92 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 2.1 |
Ridgeworth Innovative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ridgeworth Innovative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ridgeworth Innovative's standard deviation. In reality, there are many statistical measures that can use Ridgeworth Innovative historical prices to predict the future Ridgeworth Innovative's volatility.| Risk Adjusted Performance | 0.1729 | |||
| Jensen Alpha | 0.151 | |||
| Total Risk Alpha | 0.0624 | |||
| Sortino Ratio | 0.0994 | |||
| Treynor Ratio | 0.2685 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ridgeworth Innovative's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ridgeworth Innovative Backtested Returns
Ridgeworth Innovative appears to be very steady, given 3 months investment horizon. Ridgeworth Innovative maintains Sharpe Ratio (i.e., Efficiency) of 0.27, which implies the entity had a 0.27% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Ridgeworth Innovative, which you can use to evaluate the volatility of the fund. Please evaluate Ridgeworth Innovative's Coefficient Of Variation of 453.45, semi deviation of 1.13, and Risk Adjusted Performance of 0.1729 to confirm if our risk estimates are consistent with your expectations. The fund holds a Beta of 1.07, which implies a somewhat significant risk relative to the market. Ridgeworth Innovative returns are very sensitive to returns on the market. As the market goes up or down, Ridgeworth Innovative is expected to follow.
Auto-correlation | 0.28 |
Poor predictability
Ridgeworth Innovative Growth has poor predictability. Overlapping area represents the amount of predictability between Ridgeworth Innovative time series from 7th of December 2023 to 4th of June 2024 and 4th of June 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 Innovative price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Ridgeworth Innovative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 13.59 |
Ridgeworth Innovative lagged returns against current returns
Autocorrelation, which is Ridgeworth Innovative 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 Innovative's mutual fund expected returns. We can calculate the autocorrelation of Ridgeworth Innovative returns to help us make a trade decision. For example, suppose you find that Ridgeworth Innovative 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 Innovative 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 Innovative mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ridgeworth Innovative 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 Innovative mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ridgeworth Innovative Lagged Returns
When evaluating Ridgeworth Innovative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ridgeworth Innovative mutual fund have on its future price. Ridgeworth Innovative 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 Innovative autocorrelation shows the relationship between Ridgeworth Innovative mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ridgeworth Innovative Growth.
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 Innovative 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 Innovative security.
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