Virtus Kar Correlations

PSGAX Fund

USD 23.91 0.58 2.37%

The current 90-days correlation between Virtus Kar Small and Virtus Kar Small Cap is -0.14 (i.e., Good 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

Poor diversification

The correlation between Virtus Kar Small Cap and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Kar Small 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 Small 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 nation.

Moving together with Virtus Mutual Fund

0.78	PXQSX	Virtus Kar Small	Pair Corr
0.76	PXSGX	Virtus Kar Small	Pair Corr

Moving against Virtus Mutual Fund

0.69	PGIUX	Virtus Global Infras	Pair Corr
0.61	VMSAX	Vanguard Multi Sector	Pair Corr
0.6	SAMFX	Ridgeworth Seix Total	Pair Corr
0.6	PXCZX	Virtus Tax Exempt	Pair Corr
0.59	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.58	SAMBX	Ridgeworth Seix Floating	Pair Corr
0.56	SSAGX	Virtus Seix Government	Pair Corr
0.56	STCZX	Ridgeworth Silvant Large	Pair Corr
0.48	VMSSX	Virtus Multi Sector	Pair Corr
0.48	SAVAX	Virtus Bond Fund	Pair Corr
0.48	HIBIX	Virtus Low Duration	Pair Corr
0.46	PFSRX	Virtus Senior Floating	Pair Corr
0.45	SAVYX	Virtus Bond Fund	Pair Corr
0.43	SAMHX	Ridgeworth Seix High	Pair Corr
0.42	SAVCX	Virtus Bond Fund	Pair Corr
0.41	SAMZX	Ridgeworth Seix Total	Pair Corr
0.41	PGHCX	Virtus High Yield	Pair Corr
0.39	SAGAX	Ridgeworth Innovative	Pair Corr
0.35	HYPSX	Ridgeworth Seix High	Pair Corr
0.33	HYIZX	Ridgeworth Seix High	Pair Corr
0.31	PGICX	Virtus Rampart Enhanced	Pair Corr
0.71	PGUAX	Virtus Global Infras	Pair Corr
0.68	PGUCX	Virtus Global Infras	Pair Corr
0.61	STTBX	Ridgeworth Seix Inve	Pair Corr
0.61	SCFTX	Ridgeworth Seix High	Pair Corr
0.56	STCAX	Ridgeworth Silvant Large	Pair Corr
0.56	STCIX	Ridgeworth Silvant Large	Pair Corr
0.56	HIEMX	Virtus Emerging Markets	Pair Corr
0.56	WCFRX	Virtus Westchester Credit	Pair Corr
0.5	HIMZX	Virtus Low Duration	Pair Corr
0.48	PICEX	Virtus Emerging Markets	Pair Corr
0.43	STGIX	Ridgeworth Seix E	Pair Corr
0.42	STGZX	Ridgeworth Seix E	Pair Corr
0.42	STIGX	Ridgeworth Seix E	Pair Corr
0.31	PHCHX	Virtus High Yield	Pair Corr

Related Correlations Analysis

	VRSGX	PSGCX	PXSGX	PKSFX	PKSAX	CIPNX	TDMTX	TEDMX	CPODX	CPOAX
VRSGX		1.0	1.0	0.98	0.78	0.64	-0.79	-0.87	-0.19	-0.19	VRSGX
PSGCX	1.0		1.0	0.98	0.78	0.64	-0.79	-0.88	-0.19	-0.18	PSGCX
PXSGX	1.0	1.0		0.98	0.78	0.64	-0.79	-0.87	-0.19	-0.19	PXSGX
PKSFX	0.98	0.98	0.98		0.81	0.65	-0.77	-0.84	-0.2	-0.19	PKSFX
PKSAX	0.78	0.78	0.78	0.81		0.87	-0.84	-0.6	-0.13	-0.11	PKSAX
CIPNX	0.64	0.64	0.64	0.65	0.87		-0.8	-0.52	0.13	0.14	CIPNX
TDMTX	-0.79	-0.79	-0.79	-0.77	-0.84	-0.8		0.88	0.26	0.25	TDMTX
TEDMX	-0.87	-0.88	-0.87	-0.84	-0.6	-0.52	0.88		0.36	0.36	TEDMX
CPODX	-0.19	-0.19	-0.19	-0.2	-0.13	0.13	0.26	0.36		1.0	CPODX
CPOAX	-0.19	-0.18	-0.19	-0.19	-0.11	0.14	0.25	0.36	1.0		CPOAX
	VRSGX	PSGCX	PXSGX	PKSFX	PKSAX	CIPNX	TDMTX	TEDMX	CPODX	CPOAX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PSGCX	+ 1.0	VRSGX
PXSGX	+ 1.0	VRSGX
PXSGX	+ 1.0	PSGCX
CPOAX	+ 1.0	CPODX
PKSFX	+ 0.98	VRSGX
PKSFX	+ 0.98	PSGCX

High negative correlations

TEDMX	- 0.88	PSGCX
TEDMX	- 0.87	PXSGX
TEDMX	- 0.87	VRSGX
TDMTX	- 0.84	PKSAX
TEDMX	- 0.84	PKSFX
TDMTX	- 0.8	CIPNX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VRSGX	0.88	(0.21)	0.00	(51.76)	0.00	0.00	1.36	(2.00)	5.81
PSGCX	0.87	(0.22)	0.00	(31.31)	0.00	0.00	1.34	(1.99)	5.84
PXSGX	0.88	(0.21)	0.00	(41.72)	0.00	0.00	1.37	(1.99)	5.84
PKSFX	0.75	(0.13)	0.00	(9.16)	0.00	0.00	1.58	(1.56)	4.85
PKSAX	0.75	(0.14)	0.00	(13.85)	0.00	0.00	1.58	(1.57)	4.85
CIPNX	0.85	(0.07)	0.00	0.62	0.00	0.00	1.62	(1.65)	6.08
TDMTX	0.75	0.19	0.16	2.42	0.81	(0.85)	1.53	(0.98)	5.16
TEDMX	0.74	0.16	0.13	1.83	0.83	(0.85)	1.54	(0.96)	5.14
CPODX	1.36	(0.04)	(0.01)	0.01	2.05	(1.27)	2.56	(3.22)	8.80
CPOAX	1.37	(0.01)	(0.02)	(0.15)	2.06	(1.27)	2.56	(3.21)	8.80

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