Virtus Kar Correlations

VIMCX Fund

USD 61.97 0.20 0.32%

The current 90-days correlation between Virtus Kar Mid and Virtus Kar Small Cap is 0.89 (i.e., Very 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

Poor diversification

The correlation between Virtus Kar Mid Cap and DJI is 0.78 (i.e., 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 World Market Map 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 services.

Moving together with Virtus Mutual Fund

0.61	SAGAX	Ridgeworth Innovative	Pair Corr
0.65	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.68	PXQSX	Virtus Kar Small	Pair Corr
0.66	SSTFX	Virtus Kar Capital	Pair Corr
0.74	STCEX	Ridgeworth Ceredex Small	Pair Corr

Related Correlations Analysis

	PKSFX	PXSGX	VIISX	VMCCX	FTHSX
PKSFX		-0.16	-0.09	0.7	0.96	PKSFX
PXSGX	-0.16		0.45	0.2	-0.36	PXSGX
VIISX	-0.09	0.45		0.27	-0.23	VIISX
VMCCX	0.7	0.2	0.27		0.59	VMCCX
FTHSX	0.96	-0.36	-0.23	0.59		FTHSX
	PKSFX	PXSGX	VIISX	VMCCX	FTHSX

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

FTHSX	+ 0.96	PKSFX
VMCCX	+ 0.7	PKSFX
FTHSX	+ 0.59	VMCCX
VIISX	+ 0.45	PXSGX
VMCCX	+ 0.27	VIISX
VMCCX	+ 0.2	PXSGX

High negative correlations

FTHSX	- 0.36	PXSGX
FTHSX	- 0.23	VIISX
PXSGX	- 0.16	PKSFX
VIISX	- 0.09	PKSFX

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
PKSFX	0.72	(0.02)	(0.01)	0.07	0.69	(0.86)	1.86	(1.20)	3.81
PXSGX	0.93	(0.17)	0.00	(0.03)	0.00	0.00	1.63	(1.88)	5.43
VIISX	0.47	(0.11)	0.00	(0.13)	0.00	0.00	0.98	(0.94)	3.37
VMCCX	0.65	0.04	(0.06)	(3.14)	0.74	(0.75)	1.48	(1.55)	3.49
FTHSX	0.75	0.07	0.11	0.15	0.57	(0.87)	1.67	(1.12)	3.75

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