Virtus Tactical Correlations

NAINX Fund

USD 10.74 0.13 1.20%

The correlation of Virtus Tactical 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 Tactical Correlation With Market

Good diversification

The correlation between Virtus Tactical Allocation and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Tactical Allocation and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Virtus Tactical Allocation. 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 board of governors.

Moving together with Virtus Mutual Fund

0.9	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.63	PXCZX	Virtus Tax Exempt	Pair Corr
0.89	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.66	PXIIX	Virtus Rampart Enhanced	Pair Corr
0.94	PXQSX	Virtus Kar Small	Pair Corr
0.93	SSTFX	Virtus Kar Capital	Pair Corr
0.9	PXSGX	Virtus Kar Small	Pair Corr
0.68	PGICX	Virtus Rampart Enhanced	Pair Corr
0.79	PGIUX	Virtus Global Infras	Pair Corr
0.9	STCEX	Ridgeworth Ceredex Small	Pair Corr
0.71	HIEMX	Virtus Emerging Markets	Pair Corr
0.87	PGUAX	Virtus Global Infras	Pair Corr
0.87	PGUCX	Virtus Global Infras	Pair Corr
0.97	STITX	Ridgeworth International	Pair Corr

Moving against Virtus Mutual Fund

0.59	SSAGX	Virtus Seix Government	Pair Corr
0.52	PFSRX	Virtus Senior Floating	Pair Corr
0.41	HIBIX	Virtus Low Duration	Pair Corr
0.38	SAMBX	Ridgeworth Seix Floating	Pair Corr
0.33	VMSSX	Virtus Multi Sector	Pair Corr
0.38	HIMZX	Virtus Low Duration	Pair Corr

Related Correlations Analysis

	PRRXX	PBCAX	VSIGX	FCSCX	FITSX
PRRXX		0.0	0.0	0.0	0.0	PRRXX
PBCAX	0.0		0.88	0.35	0.92	PBCAX
VSIGX	0.0	0.88		0.49	0.93	VSIGX
FCSCX	0.0	0.35	0.49		0.36	FCSCX
FITSX	0.0	0.92	0.93	0.36		FITSX
	PRRXX	PBCAX	VSIGX	FCSCX	FITSX

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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

FITSX	+ 0.93	VSIGX
FITSX	+ 0.92	PBCAX
VSIGX	+ 0.88	PBCAX
FCSCX	+ 0.49	VSIGX
FITSX	+ 0.36	FCSCX
FCSCX	+ 0.35	PBCAX

High negative correlations

FITSX	- 0.0	PRRXX
FCSCX	- 0.0	PRRXX
VSIGX	- 0.0	PRRXX
PBCAX	- 0.0	PRRXX

Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Tactical 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 Tactical'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
PRRXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PBCAX	0.11	0.00	0.33	(0.06)	0.13	(0.16)	0.20	(0.31)	0.81
VSIGX	0.21	0.02	0.48	(0.39)	0.06	(0.28)	0.46	(0.31)	1.24
FCSCX	0.06	0.01	0.70	(0.95)	0.00	(0.20)	0.13	(0.13)	0.67
FITSX	0.27	0.02	0.29	0.16	0.27	(0.31)	0.57	(0.46)	1.50

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