Virtus Tactical Correlations

NAINX Fund

USD 10.66 0.02 0.19%

The current 90-days correlation between Virtus Tactical Allo and Intal High Relative is 0.42 (i.e., Very weak diversification). 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

Average diversification

The correlation between Virtus Tactical Allocation and DJI is 0.18 (i.e., Average 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

0.63	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.74	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.82	PXQSX	Virtus Kar Small	Pair Corr
0.85	SSTFX	Virtus Kar Capital	Pair Corr
0.71	PXSGX	Virtus Kar Small	Pair Corr
0.77	STCEX	Ridgeworth Ceredex Small	Pair Corr
0.8	STITX	Ridgeworth International	Pair Corr

Moving against Virtus Mutual Fund

0.31

SSAGX

Virtus Seix Government

Pair Corr

Related Correlations Analysis

	DIHRX	ARTFX	MWHIX	ABTHX	FYAIX	ABTYX	MRHYX
DIHRX		0.83	0.88	0.77	0.79	0.75	0.75	DIHRX
ARTFX	0.83		0.96	0.82	0.84	0.83	0.87	ARTFX
MWHIX	0.88	0.96		0.89	0.79	0.91	0.79	MWHIX
ABTHX	0.77	0.82	0.89		0.72	0.95	0.75	ABTHX
FYAIX	0.79	0.84	0.79	0.72		0.61	0.96	FYAIX
ABTYX	0.75	0.83	0.91	0.95	0.61		0.66	ABTYX
MRHYX	0.75	0.87	0.79	0.75	0.96	0.66		MRHYX
	DIHRX	ARTFX	MWHIX	ABTHX	FYAIX	ABTYX	MRHYX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
DIHRX	0.59	0.09	0.13	0.15	0.66	(0.69)	1.51	(1.19)	3.80
ARTFX	0.13	0.00	0.19	(0.07)	0.09	(0.20)	0.44	(0.22)	0.89
MWHIX	0.12	0.00	0.20	(0.04)	0.06	(0.21)	0.54	(0.22)	0.87
ABTHX	0.25	(0.01)	0.00	(0.63)	0.00	0.00	0.49	(0.59)	1.64
FYAIX	0.23	0.01	0.12	0.01	0.30	(0.23)	0.43	(0.40)	1.44
ABTYX	0.24	(0.01)	0.06	0.21	0.34	(0.28)	0.50	(0.59)	1.55
MRHYX	0.13	0.00	0.16	(0.03)	0.13	(0.17)	0.24	(0.24)	0.95

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