Virtus Kar Correlations

PXSGX Fund

USD 17.29 0.01 0.06%

The current 90-days correlation between Virtus Kar Small and Virtus Kar Small Cap is -0.01 (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

Weak diversification

The correlation between Virtus Kar Small Cap and DJI is 0.3 (i.e., Weak 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 price.

Moving together with Virtus Mutual Fund

1.0	VRSGX	Virtus Kar Small	Pair Corr
0.81	VAAGX	Virtus Nfj Large	Pair Corr
0.86	VAADX	Virtus Convertible	Pair Corr
0.96	PSGAX	Virtus Kar Small	Pair Corr

Moving against Virtus Mutual Fund

0.97	VRMGX	Virtus Kar Mid	Pair Corr
0.96	SMVTX	Ridgeworth Ceredex Mid	Pair Corr
0.93	DGEFX	Destinations Equity	Pair Corr
0.92	SGACX	American Beacon Sga	Pair Corr
0.82	TLARX	Transamerica Large Core	Pair Corr
0.79	JGMAX	Janus Triton	Pair Corr
0.77	POICX	Virtus Tactical Allo	Pair Corr
0.77	JGMIX	Janus Triton	Pair Corr
0.77	JGMRX	Janus Triton	Pair Corr
0.77	JGMCX	Janus Triton	Pair Corr
0.77	JGMNX	Janus Triton	Pair Corr
0.75	VQSRX	Virtus Kar Small	Pair Corr
0.72	SSAGX	Virtus Seix Government	Pair Corr
0.71	VMSSX	Virtus Multi Sector	Pair Corr
0.71	SIGVX	Ridgeworth Seix Gove	Pair Corr
0.64	VMFRX	Virtus Multi Sector	Pair Corr
0.47	PKSAX	Virtus Kar Small	Pair Corr
0.46	VRREX	Virtus Real Estate	Pair Corr
0.42	VEXPX	Vanguard Explorer	Pair Corr
0.42	VEXRX	Vanguard Explorer	Pair Corr
0.87	ASGTX	Transamerica Small Cap	Pair Corr
0.87	BRUFX	Bruce Fund Bruce	Pair Corr
0.85	CDGRX	Copeland Risk Managed	Pair Corr
0.85	CDCRX	Copeland Risk Managed	Pair Corr
0.83	TLAFX	Transamerica Large Core	Pair Corr
0.83	TLOTX	Transamerica Large Value	Pair Corr
0.81	HNISX	Harbor International	Pair Corr
0.79	VGWIX	Vanguard Global Wellesley	Pair Corr

Related Correlations Analysis

	PSGCX	VRSGX	PSGAX	PKSFX	PKSAX	CIPNX	TDMTX	TEDMX	SMBYX	GCMAX
PSGCX		0.95	1.0	-0.92	-0.45	-0.1	-0.01	0.05	-0.67	-0.84	PSGCX
VRSGX	0.95		0.96	-0.94	-0.47	-0.05	-0.03	0.03	-0.67	-0.88	VRSGX
PSGAX	1.0	0.96		-0.91	-0.43	-0.07	-0.01	0.04	-0.65	-0.84	PSGAX
PKSFX	-0.92	-0.94	-0.91		0.68	0.36	0.0	-0.06	0.84	0.92	PKSFX
PKSAX	-0.45	-0.47	-0.43	0.68		0.69	0.05	0.02	0.84	0.73	PKSAX
CIPNX	-0.1	-0.05	-0.07	0.36	0.69		-0.23	-0.25	0.66	0.3	CIPNX
TDMTX	-0.01	-0.03	-0.01	0.0	0.05	-0.23		1.0	-0.09	0.08	TDMTX
TEDMX	0.05	0.03	0.04	-0.06	0.02	-0.25	1.0		-0.13	0.03	TEDMX
SMBYX	-0.67	-0.67	-0.65	0.84	0.84	0.66	-0.09	-0.13		0.87	SMBYX
GCMAX	-0.84	-0.88	-0.84	0.92	0.73	0.3	0.08	0.03	0.87		GCMAX
	PSGCX	VRSGX	PSGAX	PKSFX	PKSAX	CIPNX	TDMTX	TEDMX	SMBYX	GCMAX

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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

PSGAX	+ 1.0	PSGCX
TEDMX	+ 1.0	TDMTX
PSGAX	+ 0.96	VRSGX
VRSGX	+ 0.95	PSGCX
GCMAX	+ 0.92	PKSFX
GCMAX	+ 0.87	SMBYX

High negative correlations

PKSFX	- 0.94	VRSGX
PKSFX	- 0.92	PSGCX
PKSFX	- 0.91	PSGAX
GCMAX	- 0.88	VRSGX
GCMAX	- 0.84	PSGAX
GCMAX	- 0.84	PSGCX

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
PSGCX	1.66	(0.88)	0.00	(0.81)	0.00	0.00	1.68	(1.99)	48.69
VRSGX	1.40	(0.68)	0.00	(0.31)	0.00	0.00	2.22	(2.00)	35.65
PSGAX	1.43	(0.71)	0.00	(0.77)	0.00	0.00	1.64	(1.99)	38.01
PKSFX	0.91	0.20	0.19	0.41	0.59	(1.14)	2.00	(1.54)	16.40
PKSAX	0.66	(0.03)	0.00	(0.09)	0.00	0.00	1.70	(1.58)	3.80
CIPNX	0.85	(0.08)	(0.06)	0.00	1.08	(0.89)	2.17	(2.09)	4.24
TDMTX	0.80	0.09	0.03	0.41	0.94	(0.82)	1.55	(1.17)	4.83
TEDMX	0.81	0.08	0.02	0.39	0.99	(0.82)	1.56	(1.38)	4.85
SMBYX	0.81	0.00	0.01	0.07	0.86	(0.88)	1.34	(1.43)	9.35
GCMAX	0.91	0.26	0.20	(2.51)	0.63	(1.19)	1.63	(1.50)	17.76

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