RidgeWorth Ceredex L Backtested Returns
Macroaxis considers RidgeWorth Ceredex to be not very risky. RidgeWorth Ceredex L
maintains Sharpe Ratio (i.e. Efficiency) of -0.1612 which implies RidgeWorth Ceredex L
had -0.1612% 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 830.09 and Risk Adjusted Performance of 0.21 to confirm risk estimate we provide. The fund holds Beta of 0.8586 which implies RidgeWorth Ceredex returns are very sensitive to returns on the market. as market goes up or down, RidgeWorth Ceredex is expected to follow.. 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||(0.56) |
Good reverse predictability
RidgeWorth Ceredex Large Cap Value Eq C has good reverse predictability. Overlapping area represents the amount of predictability between RidgeWorth Ceredex time series from January 20, 2018 to February 4, 2018 and February 4, 2018 to February 19, 2018. 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 -0.56 indicates that roughly 56.0% of current RidgeWorth Ceredex price fluctuation can be explain by its past prices. Given that RidgeWorth Ceredex Large Cap Value Eq C has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of RidgeWorth Ceredex for similar time interval.
|Correlation Coefficient|| -0.56|
|Spearman Rank Test|| -0.17|
|Price Variance|| 0.06|
|Lagged Price Variance|| 0.13|
RidgeWorth Ceredex Lagged Returns