Virtus Multi-sector Correlations

VMSSX Fund

USD 4.60 0.01 0.22%

The current 90-days correlation between Virtus Multi Sector and Touchstone Funds Group is 0.48 (i.e., Very weak diversification). The correlation of Virtus Multi-sector 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 Multi-sector Correlation With Market

Good diversification

The correlation between Virtus Multi Sector Short and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Multi Sector Short 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 Multi Sector Short. 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

0.93	VBIRX	Vanguard Short Term	Pair Corr
0.94	VFSUX	Vanguard Short Term	Pair Corr
0.99	VFSIX	Vanguard Short Term	Pair Corr
0.99	VFSTX	Vanguard Short Term	Pair Corr
0.99	VBITX	Vanguard Short Term	Pair Corr
0.98	VBISX	Vanguard Short Term	Pair Corr
0.96	LALDX	Lord Abbett Short	Pair Corr
0.97	VSCSX	Vanguard Short Term	Pair Corr
0.99	LDLAX	Lord Abbett Short	Pair Corr
0.99	LDLRX	Lord Abbett Short	Pair Corr
0.71	SMPSX	Semiconductor Ultrasector	Pair Corr
0.71	SMPIX	Semiconductor Ultrasector	Pair Corr
0.81	FELIX	Fidelity Advisor Sem	Pair Corr
0.84	ONERX	One Rock Fund	Pair Corr
0.77	RYVYX	Nasdaq 100 2x	Pair Corr
0.77	RYVLX	Nasdaq 100 2x	Pair Corr
0.8	FSELX	Fidelity Select Semi	Pair Corr
0.61	WMT	Walmart	Pair Corr
0.71	INTC	Intel	Pair Corr
0.61	CAT	Caterpillar	Pair Corr
0.65	HPQ	HP Inc	Pair Corr
0.73	AXP	American Express	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr
0.67	BAC	Bank of America	Pair Corr
0.61	JPM	JPMorgan Chase	Pair Corr

Moving against Virtus Mutual Fund

0.63	KO	Coca Cola Earnings Call This Week	Pair Corr
0.56	BA	Boeing	Pair Corr

Related Correlations Analysis

	TIMPX	SMPIX	STARX	TIODX	OPTCX	AUERX
TIMPX		0.76	0.84	0.99	0.84	0.86	TIMPX
SMPIX	0.76		0.85	0.74	0.77	0.71	SMPIX
STARX	0.84	0.85		0.85	0.97	0.93	STARX
TIODX	0.99	0.74	0.85		0.86	0.89	TIODX
OPTCX	0.84	0.77	0.97	0.86		0.95	OPTCX
AUERX	0.86	0.71	0.93	0.89	0.95		AUERX
	TIMPX	SMPIX	STARX	TIODX	OPTCX	AUERX

Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Multi-sector 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 Multi-sector'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
TIMPX	0.19	0.05	(0.03)	(0.87)	0.00	(0.26)	0.55	(0.22)	1.11
SMPIX	1.81	0.30	0.08	(0.67)	2.48	(1.83)	4.27	(4.47)	14.79
STARX	0.29	0.04	(0.02)	(0.32)	0.35	(0.33)	0.75	(0.43)	2.68
TIODX	0.15	0.03	(0.15)	(0.41)	0.00	(0.20)	0.41	(0.21)	0.73
OPTCX	0.18	0.01	(0.14)	3.01	0.13	(0.23)	0.41	(0.31)	1.53
AUERX	0.76	0.19	0.14	(1.28)	0.74	(0.92)	2.21	(1.54)	5.50

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