Virtus Senior Correlations

PFSRX Fund

USD 8.69 0.01 0.11%

The current 90-days correlation between Virtus Senior Floating and Investec Emerging Markets is -0.07 (i.e., Good diversification). The correlation of Virtus Senior 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 Senior Correlation With Market

Good diversification

The correlation between Virtus Senior Floating and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Senior Floating 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 Senior Floating. 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 metropolitan statistical area.

Moving together with Virtus Mutual Fund

0.91	VMSSX	Virtus Multi Sector	Pair Corr
0.8	HYIZX	Ridgeworth Seix High	Pair Corr
0.82	HYPSX	Ridgeworth Seix High	Pair Corr
0.94	SAMBX	Ridgeworth Seix Floating	Pair Corr
0.8	SAMHX	Ridgeworth Seix High	Pair Corr
0.96	SSAGX	Virtus Seix Government	Pair Corr
0.81	PGHCX	Virtus High Yield	Pair Corr
0.93	HIBIX	Virtus Low Duration	Pair Corr
0.93	HIMZX	Virtus Low Duration	Pair Corr
0.87	PHCHX	Virtus High Yield	Pair Corr
0.86	PHCIX	Virtus High Yield	Pair Corr

Moving against Virtus Mutual Fund

0.68	PXSGX	Virtus Kar Small	Pair Corr
0.64	STCEX	Ridgeworth Ceredex Small	Pair Corr
0.63	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.59	PXQSX	Virtus Kar Small	Pair Corr
0.59	SSTFX	Virtus Kar Capital	Pair Corr
0.49	PGIUX	Virtus Global Infras	Pair Corr
0.47	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.63	SCETX	Ridgeworth Ceredex Small	Pair Corr
0.62	PHRAX	Virtus Real Estate	Pair Corr
0.62	PHRCX	Virtus Real Estate	Pair Corr
0.62	PHRIX	Virtus Real Estate	Pair Corr
0.58	STITX	Ridgeworth International	Pair Corr
0.58	SVIFX	Ridgeworth Ceredex Large	Pair Corr
0.57	SCIIX	Ridgeworth International	Pair Corr
0.57	SVIIX	Ridgeworth Ceredex Large	Pair Corr
0.56	STVTX	Ridgeworth Ceredex Large	Pair Corr
0.56	SCIZX	Ridgeworth International	Pair Corr

Related Correlations Analysis

	ZEMIX	TEOJX	HLDAX	EMSLX	EPASX	DODEX
ZEMIX		0.87	0.73	0.86	0.62	0.88	ZEMIX
TEOJX	0.87		0.78	0.89	0.77	0.91	TEOJX
HLDAX	0.73	0.78		0.85	0.86	0.91	HLDAX
EMSLX	0.86	0.89	0.85		0.82	0.95	EMSLX
EPASX	0.62	0.77	0.86	0.82		0.88	EPASX
DODEX	0.88	0.91	0.91	0.95	0.88		DODEX
	ZEMIX	TEOJX	HLDAX	EMSLX	EPASX	DODEX

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Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Senior 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 Senior'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
ZEMIX	0.64	0.08	0.08	0.31	0.75	(0.71)	1.58	(1.44)	4.37
TEOJX	0.62	0.10	0.12	1.61	0.62	(0.71)	1.35	(0.88)	3.16
HLDAX	0.32	0.02	0.03	0.20	0.28	(0.44)	0.67	(0.45)	1.78
EMSLX	0.62	0.03	0.03	0.17	0.86	(0.60)	1.25	(1.34)	3.66
EPASX	0.44	0.00	0.00	0.04	0.51	(0.47)	0.96	(0.73)	2.69
DODEX	0.52	0.05	0.06	0.19	0.60	(0.62)	1.06	(1.23)	3.07

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