Virtus Kar Correlations

Mutual Funds . USA . 
Fund . Virtus Kar Mid Cap
PICMX Fund  USD 63.19  0.18  0.29%   
The current 90-days correlation between Virtus Kar Mid and Siit High Yield is 0.61 (i.e., Poor diversification). The correlation of Virtus Kar 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.

Virtus Kar Correlation With Market

Very poor diversification

The correlation between Virtus Kar Mid Cap and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Kar Mid Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Virtus Kar Mid Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Virtus Mutual Fund

  0.72VMSAX Vanguard Multi SectorPairCorr
  0.71VMSSX Virtus Multi SectorPairCorr
  0.75HYIZX Ridgeworth Seix HighPairCorr
  0.91SAGAX Ridgeworth InnovativePairCorr
  0.75HYPSX Ridgeworth Seix HighPairCorr
  0.79SAMBX Ridgeworth Seix FloatingPairCorr
  0.75SAMHX Ridgeworth Seix HighPairCorr
  0.66SSAGX Virtus Seix GovernmentPairCorr
  0.85SAMVX Ridgeworth Ceredex MidPairCorr
  0.64PXCZX Virtus Tax ExemptPairCorr
  0.82PFSRX Virtus Senior FloatingPairCorr
  0.81SASVX Ridgeworth Ceredex SmallPairCorr
  0.83PXIIX Virtus Rampart EnhancedPairCorr
  0.92PXQSX Virtus Kar SmallPairCorr
  0.96SSTFX Virtus Kar CapitalPairCorr
  0.97PXSGX Virtus Kar SmallPairCorr
  0.79PGHCX Virtus High YieldPairCorr
  0.8PGICX Virtus Rampart EnhancedPairCorr
  0.67PGIUX Virtus Global InfrasPairCorr
  0.66HIBIX Virtus Low DurationPairCorr
  0.86STCZX Ridgeworth Silvant LargePairCorr
  0.86STCAX Ridgeworth Silvant LargePairCorr
  0.84STCIX Ridgeworth Silvant LargePairCorr
  0.83STCEX Ridgeworth Ceredex SmallPairCorr
  0.91HIEMX Virtus Emerging MarketsPairCorr
  0.65PGUAX Virtus Global InfrasPairCorr
  0.66PGUCX Virtus Global InfrasPairCorr
  0.9STITX Ridgeworth InternationalPairCorr
  0.66HIMZX Virtus Low DurationPairCorr
  0.78PHCIX Virtus High YieldPairCorr
  0.7STTBX Ridgeworth Seix InvePairCorr
  0.93SCATX Ridgeworth InnovativePairCorr
  0.82STVTX Ridgeworth Ceredex LargePairCorr
  0.83SCETX Ridgeworth Ceredex SmallPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Kar 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 Virtus Kar'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.

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