Virtus Dfa Correlations

VTARX Fund

USD 11.04 0.07 0.63%

The current 90-days correlation between Virtus Dfa 2040 and Aqr Sustainable Long Short is 0.63 (i.e., Poor diversification). The correlation of Virtus Dfa 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 Dfa Correlation With Market

Very poor diversification

The correlation between Virtus Dfa 2040 and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Dfa 2040 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 Dfa 2040. 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 real.

Moving together with Virtus Mutual Fund

0.78	PXSGX	Virtus Kar Small	Pair Corr
1.0	NAINX	Virtus Tactical Allo	Pair Corr
0.75	VRISX	Virtus International	Pair Corr
0.66	VRSGX	Virtus Kar Small	Pair Corr
0.7	VAAGX	Virtus Nfj Large	Pair Corr
0.7	PKSAX	Virtus Kar Small	Pair Corr
0.7	PKSFX	Virtus Kar Small	Pair Corr
0.83	SGAPX	American Beacon Sga	Pair Corr
0.78	PSGAX	Virtus Kar Small	Pair Corr
0.66	PSGCX	Virtus Kar Small	Pair Corr
0.63	HEMZX	Virtus Emerging Markets	Pair Corr

Moving against Virtus Mutual Fund

0.42	SIGVX	Ridgeworth Seix Gove	Pair Corr
0.41	SSAGX	Virtus Seix Government	Pair Corr
0.38	PXCZX	Virtus Tax Exempt	Pair Corr
0.38	HIMZX	Virtus Low Duration	Pair Corr
0.41	PLFRX	Pacific Funds Floating	Pair Corr
0.35	VLPAX	Virtus Select Mlp	Pair Corr

Related Correlations Analysis

	QNZIX	RSDIX	SWSFX	FUEMX	GTLSX	VMSSX	AOUNX	TSDCX
QNZIX		0.75	0.83	0.68	0.91	0.72	0.81	0.83	QNZIX
RSDIX	0.75		0.78	0.73	0.74	0.67	0.82	0.87	RSDIX
SWSFX	0.83	0.78		0.8	0.88	0.86	0.89	0.87	SWSFX
FUEMX	0.68	0.73	0.8		0.72	0.93	0.92	0.82	FUEMX
GTLSX	0.91	0.74	0.88	0.72		0.79	0.86	0.87	GTLSX
VMSSX	0.72	0.67	0.86	0.93	0.79		0.9	0.79	VMSSX
AOUNX	0.81	0.82	0.89	0.92	0.86	0.9		0.94	AOUNX
TSDCX	0.83	0.87	0.87	0.82	0.87	0.79	0.94		TSDCX
	QNZIX	RSDIX	SWSFX	FUEMX	GTLSX	VMSSX	AOUNX	TSDCX

Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Dfa 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 Dfa'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
QNZIX	0.61	0.05	0.03	0.14	0.76	(0.64)	1.23	(1.11)	4.01
RSDIX	0.06	0.00	(0.50)	0.08	0.00	(0.19)	0.21	(0.10)	0.72
SWSFX	0.05	0.01	(0.56)	1.52	0.00	(0.19)	0.10	(0.10)	0.49
FUEMX	0.02	0.00	0.00	(0.97)	0.00	0.00	0.00	0.00	0.40
GTLSX	0.33	0.03	(0.03)	0.18	0.31	(0.35)	0.70	(0.56)	1.78
VMSSX	0.08	0.00	(0.28)	0.06	0.00	(0.26)	0.22	(0.22)	0.66
AOUNX	0.06	0.00	(0.56)	0.00	0.00	(0.19)	0.10	(0.10)	0.51
TSDCX	0.03	0.00	0.00	(0.02)	0.00	0.00	0.11	(0.11)	0.43

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