Virtus InfraCap Correlations

Etfs . USA . 
Etf . Virtus InfraCap Preferred
PFFA Etf  USD 21.49  0.15  0.69%   
The current 90-days correlation between Virtus InfraCap Preferred and ETFis Series Trust is 0.57 (i.e., Very weak diversification). The correlation of Virtus InfraCap 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.

Virtus InfraCap Correlation With Market

Very weak diversification

The correlation between Virtus InfraCap Preferred and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus InfraCap Preferred 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 InfraCap Preferred. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Virtus Etf

  0.87PFF iShares Preferred Sell-off TrendPairCorr
  0.69FPE First Trust PreferredPairCorr
  0.88PGX Invesco Preferred ETFPairCorr
  0.91PFFD Global X PreferredPairCorr
  0.69VRP Invesco Variable RatePairCorr
  0.9PGF Invesco FinancialPairCorr
  0.91PSK SPDR ICE PreferredPairCorr
  0.67PFXF VanEck Preferred SecPairCorr
  0.61FPEI First Trust InstitutionalPairCorr
  0.74LUX Tema ETF TrustPairCorr
  0.63SWP SWP Growth IncomePairCorr
  0.79DUKH Ocean Park HighPairCorr
  0.7SMI VanEck Vectors ETFPairCorr
  0.63MMM 3M CompanyPairCorr
  0.65JPM JPMorgan ChasePairCorr
  0.62CSCO Cisco SystemsPairCorr

Moving against Virtus Etf

  0.32FNGD MicroSectors FANG IndexPairCorr

Related Correlations Analysis

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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   
UTG
+ 0.79
AMZA
UTG
+ 0.79
BIZD
BIZD
+ 0.74
AMZA
AMZA
+ 0.39
PFFR
BIZD
+ 0.26
PFFR
UTG
+ 0.23
PFFR
  
High negative correlations   
AMZA
- 0.34
XFLT
XFLT
- 0.18
PFFR

Virtus InfraCap Constituents Risk-Adjusted Indicators

There is a big difference between Virtus Etf performing well and Virtus InfraCap ETF 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 InfraCap'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.

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