Virtus Kar Correlations

PKSAX Fund

USD 50.18 1.07 2.18%

The current 90-days correlation between Virtus Kar Small and Virtus Kar Small Cap is 0.92 (i.e., Almost no diversification). The correlation of Virtus Kar 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 Kar Correlation With Market

Very weak diversification

The correlation between Virtus Kar Small Cap and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Kar Small Cap 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 Kar Small Cap. 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 nation.

Moving together with Virtus Mutual Fund

0.84	SAGAX	Ridgeworth Innovative Steady Growth	Pair Corr
0.92	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.97	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.98	PXQSX	Virtus Kar Small	Pair Corr
0.89	SSTFX	Virtus Kar Capital	Pair Corr
0.96	PXSGX	Virtus Kar Small	Pair Corr
0.8	STCZX	Ridgeworth Silvant Large	Pair Corr
0.8	STCAX	Ridgeworth Silvant Large	Pair Corr
0.81	STCIX	Ridgeworth Silvant Large	Pair Corr
0.95	STCEX	Ridgeworth Ceredex Small	Pair Corr

Moving against Virtus Mutual Fund

0.71	SSAGX	Virtus Seix Government	Pair Corr
0.65	HIBIX	Virtus Low Duration	Pair Corr
0.62	VMSSX	Virtus Multi Sector	Pair Corr
0.53	SAMFX	Ridgeworth Seix Total	Pair Corr
0.52	SAMZX	Ridgeworth Seix Total	Pair Corr
0.5	SAVAX	Virtus Bond Fund	Pair Corr
0.5	SAVYX	Virtus Bond Fund	Pair Corr
0.48	SAVCX	Virtus Bond Fund	Pair Corr
0.46	VMSAX	Vanguard Multi Sector	Pair Corr
0.65	HIMZX	Virtus Low Duration	Pair Corr
0.59	PIMSX	Virtus Multi Sector	Pair Corr
0.54	STIGX	Ridgeworth Seix E	Pair Corr
0.53	STGIX	Ridgeworth Seix E	Pair Corr
0.53	STGZX	Ridgeworth Seix E	Pair Corr
0.52	PIPTX	Virtus Kar Global	Pair Corr

Related Correlations Analysis

	PSGAX	PKSCX	PKSFX	VMACX	PHSKX
PSGAX		0.97	0.95	0.76	0.76	PSGAX
PKSCX	0.97		1.0	0.86	0.83	PKSCX
PKSFX	0.95	1.0		0.89	0.87	PKSFX
VMACX	0.76	0.86	0.89		0.95	VMACX
PHSKX	0.76	0.83	0.87	0.95		PHSKX
	PSGAX	PKSCX	PKSFX	VMACX	PHSKX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Kar 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 Kar'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
PSGAX	1.04	(0.34)	(0.45)	1.63	(2.32)	13.86
PKSCX	0.86	(0.21)	(0.33)	1.19	(1.64)	8.57
PKSFX	0.83	(0.18)	(0.29)	1.18	(1.63)	6.82
VMACX	0.77	(0.08)	(0.16)	1.43	(1.69)	3.87
PHSKX	0.93	(0.15)	(0.24)	1.60	(2.57)	5.02

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC