Ridgeworth Ceredex Small Fund Market Value
| STCEX Fund | USD 5.47 0.06 1.11% |
| 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.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Ridgeworth Ceredex on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Ridgeworth Ceredex Small or generate 0.0% return on investment in Ridgeworth Ceredex over 30 days. Ridgeworth Ceredex is related to or competes with Virtus Multi, Virtus Multi-sector, Ridgeworth Seix, Ridgeworth Innovative, Ridgeworth Seix, Ridgeworth Seix, and Ridgeworth Seix. Under normal circumstances, the fund invests at least 80 percent of its net assets in U.S.-traded equity securities of s... 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 Small upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.09 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.7 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 1.33 |
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 | 0.0459 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0466 |
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 Small Backtested Returns
We consider Ridgeworth Ceredex not too volatile. Ridgeworth Ceredex Small maintains Sharpe Ratio (i.e., Efficiency) of 0.0465, which implies the entity had a 0.0465% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ridgeworth Ceredex Small, which you can use to evaluate the volatility of the fund. Please check Ridgeworth Ceredex's Coefficient Of Variation of 1448.1, semi deviation of 0.9273, and Risk Adjusted Performance of 0.0459 to confirm if the risk estimate we provide is consistent with the expected return of 0.0436%. The fund holds a Beta of 1.16, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ridgeworth Ceredex will likely underperform.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Ridgeworth Ceredex Small has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ridgeworth Ceredex time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Small price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Ridgeworth Ceredex price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Ridgeworth Ceredex Small 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 Small.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ridgeworth Ceredex in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ridgeworth Ceredex's short interest history, or implied volatility extrapolated from Ridgeworth Ceredex options trading.
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. Note that the Ridgeworth Ceredex Small information on this page should be used as a complementary analysis to other Ridgeworth Ceredex's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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.