Ridgeworth Ceredex Large Fund Market Value
| SVIIX Fund | USD 11.01 0.03 0.27% |
| Symbol | Ridgeworth |
Ridgeworth Ceredex '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 Ceredex'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 Ceredex.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Ridgeworth Ceredex on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Ridgeworth Ceredex Large or generate 0.0% return on investment in Ridgeworth Ceredex over 30 days. Ridgeworth Ceredex is related to or competes with Edgewood Growth, Hartford Schroders, HUMANA, Morningstar Unconstrained, High Yield, Thrivent High, and Via Renewables. Under normal circumstances, the fund invests at least 80 percent of its net assets in U.S.-traded equity securities of l... More
Ridgeworth Ceredex 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 Ceredex'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 Ceredex Large upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8574 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.93 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 0.9033 |
Ridgeworth Ceredex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ridgeworth Ceredex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ridgeworth Ceredex's standard deviation. In reality, there are many statistical measures that can use Ridgeworth Ceredex historical prices to predict the future Ridgeworth Ceredex's volatility.| Risk Adjusted Performance | 0.0576 | |||
| Jensen Alpha | 0.0568 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (1.60) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ridgeworth Ceredex'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 Ceredex Large Backtested Returns
We consider Ridgeworth Ceredex very steady. Ridgeworth Ceredex Large maintains Sharpe Ratio (i.e., Efficiency) of 0.0817, which implies the entity had a 0.0817% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ridgeworth Ceredex Large, which you can use to evaluate the volatility of the fund. Please check Ridgeworth Ceredex's Risk Adjusted Performance of 0.0576, semi deviation of 0.7362, and Coefficient Of Variation of 1106.55 to confirm if the risk estimate we provide is consistent with the expected return of 0.0593%. The fund holds a Beta of -0.0339, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ridgeworth Ceredex are expected to decrease at a much lower rate. During the bear market, Ridgeworth Ceredex is likely to outperform the market.
Auto-correlation | 0.48 |
Average predictability
Ridgeworth Ceredex Large has average predictability. Overlapping area represents the amount of predictability between Ridgeworth Ceredex time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Ceredex Large price movement. The serial correlation of 0.48 indicates that about 48.0% of current Ridgeworth Ceredex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Ridgeworth Ceredex Large lagged returns against current returns
Autocorrelation, which is Ridgeworth Ceredex 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 Ceredex's mutual fund expected returns. We can calculate the autocorrelation of Ridgeworth Ceredex returns to help us make a trade decision. For example, suppose you find that Ridgeworth Ceredex 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 Ceredex 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 Ceredex mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ridgeworth Ceredex 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 Ceredex mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ridgeworth Ceredex Lagged Returns
When evaluating Ridgeworth Ceredex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ridgeworth Ceredex mutual fund have on its future price. Ridgeworth Ceredex 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 Ceredex autocorrelation shows the relationship between Ridgeworth Ceredex mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ridgeworth Ceredex Large.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Ridgeworth Ceredex Correlation, Ridgeworth Ceredex Volatility and Ridgeworth Ceredex Alpha and Beta module to complement your research on Ridgeworth Ceredex. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Ridgeworth Ceredex technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.