Virtus Kar Correlations

VIDMX Fund

USD 8.76 0.02 0.23%

The current 90-days correlation between Virtus Kar Developing and Rbb Fund is 0.3 (i.e., Weak 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

Modest diversification

The correlation between Virtus Kar Developing and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Kar Developing 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 Developing. 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

0.71

HIEMX

Virtus Emerging Markets

Pair Corr

Moving against Virtus Mutual Fund

0.34	SAMFX	Ridgeworth Seix Total	Pair Corr
0.32	SAMZX	Ridgeworth Seix Total	Pair Corr
0.31	SAVAX	Virtus Bond Fund	Pair Corr
0.31	SAVCX	Virtus Bond Fund	Pair Corr
0.32	STIGX	Ridgeworth Seix E	Pair Corr
0.31	STGIX	Ridgeworth Seix E	Pair Corr
0.31	STGZX	Ridgeworth Seix E	Pair Corr

Related Correlations Analysis

	OPTCX	SMPIX	TADGX	PRNHX	WRLDX
OPTCX		0.74	0.77	0.95	0.81	OPTCX
SMPIX	0.74		0.55	0.65	0.53	SMPIX
TADGX	0.77	0.55		0.78	0.94	TADGX
PRNHX	0.95	0.65	0.78		0.79	PRNHX
WRLDX	0.81	0.53	0.94	0.79		WRLDX
	OPTCX	SMPIX	TADGX	PRNHX	WRLDX

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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
OPTCX	0.15	0.02	(0.43)	0.23	0.00	(0.22)	0.32	(0.21)	1.04
SMPIX	2.61	(0.19)	(0.01)	0.03	3.88	(2.40)	4.26	(6.39)	17.06
TADGX	0.48	(0.04)	(0.12)	0.07	0.50	(0.50)	0.99	(0.94)	2.87
PRNHX	0.76	0.04	0.05	0.16	0.96	(0.80)	1.80	(1.29)	6.84
WRLDX	0.49	(0.02)	(0.13)	0.09	0.45	(0.55)	0.92	(0.97)	2.75

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