Virtus Real Correlations

PHRIX Fund

USD 18.34 0.25 1.34%

The current 90-days correlation between Virtus Real Estate and Ab Global Risk is 0.57 (i.e., Very weak diversification). The correlation of Virtus Real 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 Real Correlation With Market

Weak diversification

The correlation between Virtus Real Estate and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Real Estate 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 Real Estate. 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 gross domestic product.

Moving together with Virtus Mutual Fund

0.64

EPRT

Essential Properties

Pair Corr

Moving against Virtus Mutual Fund

0.37

LandBridge Company

Pair Corr

Related Correlations Analysis

	CABIX	MGGNX	DBIWX	BXFIX	SGICX	LFLCX	DHGCX	ARECX
CABIX		0.67	0.84	0.62	0.22	0.69	0.7	0.89	CABIX
MGGNX	0.67		0.43	0.27	0.42	0.42	0.75	0.7	MGGNX
DBIWX	0.84	0.43		0.73	0.0	0.94	0.8	0.82	DBIWX
BXFIX	0.62	0.27	0.73		-0.17	0.72	0.58	0.59	BXFIX
SGICX	0.22	0.42	0.0	-0.17		-0.06	0.1	0.27	SGICX
LFLCX	0.69	0.42	0.94	0.72	-0.06		0.87	0.77	LFLCX
DHGCX	0.7	0.75	0.8	0.58	0.1	0.87		0.81	DHGCX
ARECX	0.89	0.7	0.82	0.59	0.27	0.77	0.81		ARECX
	CABIX	MGGNX	DBIWX	BXFIX	SGICX	LFLCX	DHGCX	ARECX

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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

LFLCX	+ 0.94	DBIWX
ARECX	+ 0.89	CABIX
DHGCX	+ 0.87	LFLCX
DBIWX	+ 0.84	CABIX
ARECX	+ 0.82	DBIWX
ARECX	+ 0.81	DHGCX

High negative correlations

SGICX	- 0.17	BXFIX
LFLCX	- 0.06	SGICX
SGICX	- 0.0	DBIWX

Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Real 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 Real'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
CABIX	0.38	0.01	0.00	(0.05)	0.00	0.00	0.73	(0.80)	2.58
MGGNX	0.20	(0.02)	0.00	(0.57)	0.00	0.00	0.35	(0.35)	1.96
DBIWX	0.26	0.03	0.19	0.07	0.32	(0.28)	0.48	(0.58)	1.77
BXFIX	0.08	(0.01)	0.42	(0.32)	0.06	(0.28)	0.23	(0.12)	0.93
SGICX	0.91	(0.34)	0.00	(2.47)	0.00	0.00	1.09	(1.37)	19.11
LFLCX	0.18	0.01	0.31	0.08	0.15	(0.21)	0.43	(0.33)	0.98
DHGCX	0.17	0.00	0.24	(0.17)	0.21	(0.22)	0.36	(0.36)	1.46
ARECX	0.77	(0.01)	0.00	(0.09)	0.00	0.00	1.56	(1.47)	4.45

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