Virtus Senior Correlations

PFSRX Fund

USD 8.62 0.01 0.12%

The current 90-days correlation between Virtus Senior Floating and Global Diversified Income is 0.08 (i.e., Significant 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

Modest diversification

The correlation between Virtus Senior Floating and DJI is 0.22 (i.e., Modest 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

0.87	SAMBX	Ridgeworth Seix Floating	Pair Corr
0.77	VRHYX	Virtus High Yield	Pair Corr
0.97	PSFRX	Virtus Senior Floating	Pair Corr
0.96	OOSYX	Oppenheimer Senior	Pair Corr
0.95	OOSIX	Oppenheimer Senior	Pair Corr
0.8	LFRIX	Floating Rate	Pair Corr
0.85	LARCX	Floating Rate	Pair Corr
0.94	LFRRX	Lord Abbett Inv	Pair Corr
0.79	LFRFX	Floating Rate	Pair Corr
0.85	LRRRX	Floating Rate	Pair Corr
0.91	LRRTX	Floating Rate	Pair Corr
0.89	LRRVX	Floating Rate	Pair Corr
0.92	LRRKX	Floating Rate	Pair Corr
0.65	KNPYX	Kinetics Paradigm	Pair Corr
0.64	WWNPX	Kinetics Paradigm	Pair Corr

Moving against Virtus Mutual Fund

0.32

SMPSX

Semiconductor Ultrasector

Pair Corr

Related Correlations Analysis

	PGBAX	CDBCX	XWDIX	FZABX	ACBPX	PGFCX	MNDWX
PGBAX		0.95	0.62	0.9	0.96	0.83	0.87	PGBAX
CDBCX	0.95		0.66	0.79	1.0	0.7	0.83	CDBCX
XWDIX	0.62	0.66		0.46	0.63	0.65	0.71	XWDIX
FZABX	0.9	0.79	0.46		0.82	0.8	0.74	FZABX
ACBPX	0.96	1.0	0.63	0.82		0.71	0.84	ACBPX
PGFCX	0.83	0.7	0.65	0.8	0.71		0.83	PGFCX
MNDWX	0.87	0.83	0.71	0.74	0.84	0.83		MNDWX
	PGBAX	CDBCX	XWDIX	FZABX	ACBPX	PGFCX	MNDWX

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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
PGBAX	0.14	0.01	0.23	0.10	0.09	(0.18)	0.34	(0.25)	0.85
CDBCX	0.24	0.00	0.12	0.16	0.24	(0.30)	0.56	(0.44)	1.34
XWDIX	0.20	(0.03)	0.00	0.64	0.00	0.00	0.33	(0.46)	1.59
FZABX	0.74	0.09	0.10	0.11	1.00	(0.72)	1.45	(1.37)	6.16
ACBPX	0.25	0.01	0.15	0.29	0.23	(0.30)	0.56	(0.44)	1.23
PGFCX	0.29	(0.01)	0.06	0.08	0.39	(0.35)	0.67	(0.48)	1.75
MNDWX	0.12	(0.01)	0.08	(3.64)	0.19	(0.18)	0.20	(0.38)	0.96

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