Ridgeworth Seix Correlations
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 |
Moving together with Ridgeworth Mutual Fund
| 1.0 | VWITX | Vanguard Intermediate | PairCorr |
| 1.0 | VWIUX | Vanguard Intermediate | PairCorr |
| 0.99 | AFTEX | Tax Exempt Bond | PairCorr |
| 0.99 | AFTFX | Tax Exempt Bond | PairCorr |
| 0.99 | TEBCX | Tax Exempt Bond | PairCorr |
| 0.99 | TEAFX | Tax Exempt Bond | PairCorr |
| 0.99 | TFEBX | Tax Exempt Bond | PairCorr |
| 1.0 | FLTMX | Fidelity Intermediate | PairCorr |
| 0.99 | MDNLX | Blackrock National | PairCorr |
| 0.99 | MFNLX | Blackrock Natl Muni | PairCorr |
| 0.78 | DXQLX | Direxion Monthly Nasdaq | PairCorr |
| 0.76 | RYVLX | Nasdaq 100 2x | PairCorr |
| 0.76 | RYVYX | Nasdaq 100 2x | PairCorr |
| 0.79 | UOPIX | Ultra Nasdaq 100 | PairCorr |
| 0.77 | RYCCX | Nasdaq 100 2x | PairCorr |
| 0.82 | UOPSX | Ultranasdaq 100 Profund | PairCorr |
| 0.89 | BIPIX | Biotechnology Ultrasector Steady Growth | PairCorr |
| 0.94 | GPICX | Guidepath Conservative | PairCorr |
| 0.92 | FPXIX | Fidelity Advisor 529 | PairCorr |
| 0.84 | GE | GE Aerospace | PairCorr |
| 0.68 | JNJ | Johnson Johnson | PairCorr |
| 0.79 | IBM | International Business | PairCorr |
| 0.72 | AXP | American Express | PairCorr |
| 0.83 | CAT | Caterpillar | PairCorr |
| 0.63 | CSCO | Cisco Systems | PairCorr |
| 0.62 | DD | Dupont De Nemours | PairCorr |
Moving against Ridgeworth Mutual Fund
| 0.77 | VZ | Verizon Communications | PairCorr |
| 0.77 | T | ATT Inc | PairCorr |
| 0.74 | BA | Boeing | PairCorr |
| 0.63 | HD | Home Depot | PairCorr |
| 0.5 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.49 | HPQ | HP Inc Earnings Call Tomorrow | PairCorr |
| 0.44 | MCD | McDonalds | PairCorr |
Related Correlations Analysis
| 0.27 | 0.92 | 0.84 | 0.89 | 0.96 | 0.93 | TFAGX | ||
| 0.27 | 0.5 | 0.46 | 0.5 | 0.36 | 0.44 | EIPIX | ||
| 0.92 | 0.5 | 0.89 | 0.98 | 0.97 | 0.99 | GETFX | ||
| 0.84 | 0.46 | 0.89 | 0.9 | 0.89 | 0.86 | GCIGX | ||
| 0.89 | 0.5 | 0.98 | 0.9 | 0.95 | 0.98 | TEGRX | ||
| 0.96 | 0.36 | 0.97 | 0.89 | 0.95 | 0.98 | GGRYX | ||
| 0.93 | 0.44 | 0.99 | 0.86 | 0.98 | 0.98 | SCGCX | ||
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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TFAGX | 0.84 | 0.00 | 0.00 | 0.02 | 1.31 | 1.30 | 5.01 | |||
| EIPIX | 0.43 | 0.04 | 0.04 | 0.13 | 0.47 | 0.91 | 2.20 | |||
| GETFX | 0.45 | 0.02 | 0.02 | 0.05 | 0.70 | 0.93 | 2.97 | |||
| GCIGX | 0.70 | 0.03 | 0.02 | 0.05 | 0.88 | 1.16 | 3.99 | |||
| TEGRX | 0.56 | 0.01 | 0.01 | 0.03 | 0.77 | 1.06 | 3.83 | |||
| GGRYX | 0.41 | 0.00 | (0.01) | 0.02 | 0.59 | 0.83 | 2.56 | |||
| SCGCX | 0.43 | 0.01 | 0.01 | 0.04 | 0.68 | 0.85 | 2.82 |