Virtus Global Correlations

PGUCX Fund

USD 14.13 0.03 0.21%

The current 90-days correlation between Virtus Global Infras and Nuveen Global Infrastructure is 0.6 (i.e., Poor diversification). The correlation of Virtus Global 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 Global Correlation With Market

Average diversification

The correlation between Virtus Global Infrastructure and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Global Infrastructure 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 Global Infrastructure. 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 main economic indicators.

Moving together with Virtus Mutual Fund

0.78	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.63	SAMZX	Ridgeworth Seix Total	Pair Corr
0.62	PXCZX	Virtus Tax Exempt	Pair Corr
0.82	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.92	PXIIX	Virtus Rampart Enhanced	Pair Corr
0.65	SAVAX	Virtus Bond Fund	Pair Corr
0.64	SAVCX	Virtus Bond Fund	Pair Corr
0.78	SSTFX	Virtus Kar Capital	Pair Corr
0.64	PXSGX	Virtus Kar Small	Pair Corr
0.92	PGICX	Virtus Rampart Enhanced	Pair Corr
1.0	PGIUX	Virtus Global Infras	Pair Corr
0.84	STCEX	Ridgeworth Ceredex Small	Pair Corr
1.0	PGUAX	Virtus Global Infras	Pair Corr
0.62	STGIX	Ridgeworth Seix E	Pair Corr
0.86	STITX	Ridgeworth International	Pair Corr

Moving against Virtus Mutual Fund

0.32	STCAX	Ridgeworth Silvant Large	Pair Corr
0.31	STCZX	Ridgeworth Silvant Large	Pair Corr

Related Correlations Analysis

	FGIAX	CSUAX	PGUCX	AIAFX
FGIAX		0.78	0.94	0.83	FGIAX
CSUAX	0.78		0.84	0.83	CSUAX
PGUCX	0.94	0.84		0.92	PGUCX
AIAFX	0.83	0.83	0.92		AIAFX
	FGIAX	CSUAX	PGUCX	AIAFX

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Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Global 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 Global'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FGIAX	0.59	(0.12)	(0.36)	0.89	(1.22)	6.51
CSUAX	0.55	(0.16)	(0.59)	0.83	(1.20)	4.90
PGUCX	0.58	(0.13)	(1.02)	0.85	(1.32)	4.90
AIAFX	0.55	(0.20)	(1.17)	0.87	(1.13)	5.18

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