RidgeWorth Ceredex L Backtested Returns
Macroaxis considers RidgeWorth Ceredex to be not too risky. RidgeWorth Ceredex L
maintains Sharpe Ratio (i.e. Efficiency) of -0.0464 which implies RidgeWorth Ceredex L
had -0.0464% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. RidgeWorth Ceredex L exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check RidgeWorth Ceredex L Coefficient Of Variation
of (4,055) and Risk Adjusted Performance of (0.009365) to confirm risk estimate we provide. The fund holds Beta of -0.2653 which implies as returns on market increase, returns on owning RidgeWorth Ceredex are expected to decrease at a much smaller rate. During bear market, RidgeWorth Ceredex is likely to outperform the market.. Even though it is essential to pay attention to RidgeWorth Ceredex L current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis philosophy towards forecasting future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. RidgeWorth Ceredex L exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.28 |
RidgeWorth Ceredex Large Cap Value Eq C has poor predictability. Overlapping area represents the amount of predictability between RidgeWorth Ceredex time series from October 26, 2017 to November 10, 2017 and November 10, 2017 to November 25, 2017. 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 L price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current RidgeWorth Ceredex price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.28|
|Spearman Rank Test|| 0.58|
|Average Price|| 16.45|
|Lagged Average Price|| 16.57|
RidgeWorth Ceredex Lagged Returns