Virtus Kar Correlations

PXQSX Fund

USD 23.64 0.07 0.30%

The current 90-days correlation between Virtus Kar Small and Vanguard Multi Sector Income is -0.08 (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 0.71 (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 main economic indicators.

Moving together with Virtus Mutual Fund

0.98

PXSGX

Virtus Kar Small

Pair Corr

Moving against Virtus Mutual Fund

0.88	PXCZX	Virtus Tax Exempt	Pair Corr
0.86	SSAGX	Virtus Seix Government	Pair Corr
0.82	VMSSX	Virtus Multi Sector	Pair Corr
0.81	HIBIX	Virtus Low Duration	Pair Corr
0.8	VMSAX	Vanguard Multi Sector	Pair Corr
0.8	SAVYX	Virtus Bond Fund	Pair Corr
0.8	STCZX	Ridgeworth Silvant Large	Pair Corr
0.78	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.78	SAVCX	Virtus Bond Fund	Pair Corr
0.75	SAVAX	Virtus Bond Fund	Pair Corr
0.74	SAMFX	Ridgeworth Seix Total	Pair Corr
0.74	SAMZX	Ridgeworth Seix Total	Pair Corr
0.71	SAMBX	Ridgeworth Seix Floating	Pair Corr
0.69	PFSRX	Virtus Senior Floating	Pair Corr
0.67	PGIUX	Virtus Global Infras	Pair Corr
0.65	HYPSX	Ridgeworth Seix High	Pair Corr
0.64	HYIZX	Ridgeworth Seix High	Pair Corr
0.63	SAMHX	Ridgeworth Seix High	Pair Corr
0.62	SAGAX	Ridgeworth Innovative	Pair Corr
0.57	PGICX	Virtus Rampart Enhanced	Pair Corr
0.56	PGHCX	Virtus High Yield	Pair Corr
0.55	SSTFX	Virtus Kar Capital	Pair Corr
0.88	STTBX	Ridgeworth Seix Inve	Pair Corr
0.88	SCFTX	Ridgeworth Seix High	Pair Corr
0.86	WCFRX	Virtus Westchester Credit	Pair Corr
0.85	STCIX	Ridgeworth Silvant Large	Pair Corr
0.82	HIMZX	Virtus Low Duration	Pair Corr
0.8	STCAX	Ridgeworth Silvant Large	Pair Corr
0.78	STIGX	Ridgeworth Seix E	Pair Corr
0.77	STGZX	Ridgeworth Seix E	Pair Corr
0.76	HIEMX	Virtus Emerging Markets	Pair Corr
0.75	STGIX	Ridgeworth Seix E	Pair Corr
0.75	PICEX	Virtus Emerging Markets	Pair Corr
0.67	PGUAX	Virtus Global Infras	Pair Corr
0.66	PGUCX	Virtus Global Infras	Pair Corr
0.65	STVZX	Ridgeworth Ceredex Large	Pair Corr

Related Correlations Analysis

	VMSAX	VMSSX	HYIZX	SAGAX	HYPSX	SAMFX	SAMBX	SAMHX	SSAGX	SAMVX
VMSAX		0.9	0.91	0.73	0.91	0.93	0.77	0.91	0.88	0.81	VMSAX
VMSSX	0.9		0.86	0.56	0.85	0.89	0.84	0.85	0.98	0.82	VMSSX
HYIZX	0.91	0.86		0.6	0.93	0.87	0.89	0.99	0.81	0.77	HYIZX
SAGAX	0.73	0.56	0.6		0.61	0.64	0.47	0.6	0.55	0.61	SAGAX
HYPSX	0.91	0.85	0.93	0.61		0.82	0.86	0.94	0.8	0.69	HYPSX
SAMFX	0.93	0.89	0.87	0.64	0.82		0.73	0.87	0.89	0.73	SAMFX
SAMBX	0.77	0.84	0.89	0.47	0.86	0.73		0.88	0.83	0.75	SAMBX
SAMHX	0.91	0.85	0.99	0.6	0.94	0.87	0.88		0.81	0.76	SAMHX
SSAGX	0.88	0.98	0.81	0.55	0.8	0.89	0.83	0.81		0.83	SSAGX
SAMVX	0.81	0.82	0.77	0.61	0.69	0.73	0.75	0.76	0.83		SAMVX
	VMSAX	VMSSX	HYIZX	SAGAX	HYPSX	SAMFX	SAMBX	SAMHX	SSAGX	SAMVX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VMSAX	0.10	0.01	(0.41)	1.13	0.00	(0.14)	0.22	(0.17)	0.61
VMSSX	0.09	0.01	(0.24)	(0.70)	0.00	(0.26)	0.22	(0.22)	0.66
HYIZX	0.13	0.00	(0.27)	0.09	0.00	(0.20)	0.38	(0.25)	0.89
SAGAX	1.05	(0.02)	0.00	0.20	0.00	0.00	2.18	(2.89)	7.22
HYPSX	0.13	0.00	(0.28)	0.00	0.00	(0.21)	0.26	(0.26)	0.91
SAMFX	0.17	0.01	(0.21)	0.39	0.07	(0.21)	0.42	(0.32)	0.85
SAMBX	0.07	0.01	(0.35)	0.29	0.00	(0.34)	0.13	(0.13)	0.93
SAMHX	0.13	0.00	(0.28)	0.09	0.00	(0.23)	0.38	(0.25)	0.89
SSAGX	0.05	0.01	0.00	(0.63)	0.00	0.00	0.10	(0.10)	0.51
SAMVX	0.67	0.00	0.00	0.07	0.82	(0.73)	1.53	(1.23)	4.72

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