Virtus Kar Correlations

PICMX Fund

USD 67.38 0.01 0.01%

The current 90-days correlation between Virtus Kar Mid and Balanced Fund Retail is 0.88 (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 Your Equity Center 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 population.

Moving together with Virtus Mutual Fund

0.81	HYIZX	Ridgeworth Seix High	Pair Corr
0.94	SAGAX	Ridgeworth Innovative	Pair Corr
0.8	HYPSX	Ridgeworth Seix High	Pair Corr
0.75	SAMBX	Ridgeworth Seix Floating	Pair Corr
0.82	SAMHX	Ridgeworth Seix High	Pair Corr
0.63	SSAGX	Virtus Seix Government	Pair Corr
0.95	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.77	PFSRX	Virtus Senior Floating	Pair Corr
0.93	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.83	PXIIX	Virtus Rampart Enhanced	Pair Corr
0.93	PXQSX	Virtus Kar Small	Pair Corr
0.95	SSTFX	Virtus Kar Capital	Pair Corr
0.96	PXSGX	Virtus Kar Small	Pair Corr
0.78	PGHCX	Virtus High Yield	Pair Corr
0.81	PGICX	Virtus Rampart Enhanced	Pair Corr
0.88	STCZX	Ridgeworth Silvant Large	Pair Corr
0.88	STCAX	Ridgeworth Silvant Large	Pair Corr
0.88	STCIX	Ridgeworth Silvant Large	Pair Corr
0.93	STCEX	Ridgeworth Ceredex Small	Pair Corr

Moving against Virtus Mutual Fund

0.56	SAMFX	Ridgeworth Seix Total	Pair Corr
0.55	SAMZX	Ridgeworth Seix Total	Pair Corr
0.53	SAVCX	Virtus Bond Fund	Pair Corr
0.51	SAVAX	Virtus Bond Fund	Pair Corr
0.51	SAVYX	Virtus Bond Fund	Pair Corr
0.48	SAINX	Ridgeworth Seix Porate	Pair Corr
0.56	STGIX	Ridgeworth Seix E	Pair Corr
0.56	STIGX	Ridgeworth Seix E	Pair Corr
0.55	STGZX	Ridgeworth Seix E	Pair Corr
0.51	STIFX	Ridgeworth Seix Porate	Pair Corr
0.48	STICX	Ridgeworth Seix Porate	Pair Corr
0.4	STITX	Ridgeworth International	Pair Corr
0.4	SCIIX	Ridgeworth International	Pair Corr
0.4	SCIZX	Ridgeworth International	Pair Corr

Related Correlations Analysis

	FLDFX	DFVEX	DIVHX	FBMPX	SWSFX	CGEOX	LOGRX
FLDFX		0.89	0.89	0.82	0.59	0.95	0.86	FLDFX
DFVEX	0.89		0.88	0.9	0.71	0.88	0.95	DFVEX
DIVHX	0.89	0.88		0.84	0.69	0.9	0.86	DIVHX
FBMPX	0.82	0.9	0.84		0.87	0.83	0.77	FBMPX
SWSFX	0.59	0.71	0.69	0.87		0.6	0.55	SWSFX
CGEOX	0.95	0.88	0.9	0.83	0.6		0.83	CGEOX
LOGRX	0.86	0.95	0.86	0.77	0.55	0.83		LOGRX
	FLDFX	DFVEX	DIVHX	FBMPX	SWSFX	CGEOX	LOGRX

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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
FLDFX	0.41	(0.05)	(0.17)	0.05	0.51	(0.45)	0.64	(0.98)	2.60
DFVEX	0.63	(0.01)	0.00	0.12	0.63	(0.73)	1.41	(1.06)	5.26
DIVHX	0.49	0.02	(0.03)	0.15	0.30	(0.56)	1.12	(0.74)	2.83
FBMPX	0.71	0.08	0.04	0.25	0.78	(0.72)	1.59	(1.72)	4.09
SWSFX	0.04	0.00	(1.18)	(0.08)	0.00	(0.17)	0.10	(0.10)	0.49
CGEOX	0.65	(0.04)	(0.07)	0.08	0.85	(0.72)	1.45	(1.59)	4.11
LOGRX	0.47	(0.01)	(0.11)	0.11	0.39	(0.52)	0.86	(0.89)	2.96

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