Virtus Rampart Correlations

PXIIX Fund

USD 20.60 0.09 0.43%

The current 90-days correlation between Virtus Rampart Enhanced and Janus Global Technology is 0.52 (i.e., Very weak diversification). The correlation of Virtus Rampart 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 Rampart Correlation With Market

Poor diversification

The correlation between Virtus Rampart Enhanced and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Rampart Enhanced 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 Rampart Enhanced. 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

0.77	VMSAX	Vanguard Multi Sector	Pair Corr
0.67	VMSSX	Virtus Multi Sector	Pair Corr
0.77	HYPSX	Ridgeworth Seix High	Pair Corr
0.8	SAMHX	Ridgeworth Seix High	Pair Corr
0.73	SAVAX	Virtus Bond Fund	Pair Corr
0.74	SAVCX	Virtus Bond Fund	Pair Corr
0.67	SAVYX	Virtus Bond Fund	Pair Corr
0.67	HIEMX	Virtus Emerging Markets	Pair Corr
0.68	STGIX	Ridgeworth Seix E	Pair Corr
0.7	STGZX	Ridgeworth Seix E	Pair Corr
0.74	PHCHX	Virtus High Yield	Pair Corr
0.85	WCFRX	Virtus Westchester Credit	Pair Corr
0.67	PICEX	Virtus Emerging Markets	Pair Corr
0.67	PIMSX	Virtus Multi Sector	Pair Corr
0.79	NAMFX	Virtus Multi Sector	Pair Corr
0.9	VRGEX	Virtus Global Real	Pair Corr
0.72	VRESX	Virtus Kar Emerging	Pair Corr
0.81	VRHYX	Virtus High Yield	Pair Corr
0.77	VRISX	Virtus International	Pair Corr

Related Correlations Analysis

	JAGTX	WSTRX	DTEYX	SBHIX	HTECX	FRBRX	NWHOX	CONIX
JAGTX		0.96	0.97	-0.18	0.95	0.17	0.85	0.9	JAGTX
WSTRX	0.96		0.99	0.02	0.98	0.12	0.84	0.9	WSTRX
DTEYX	0.97	0.99		-0.03	0.98	0.17	0.85	0.9	DTEYX
SBHIX	-0.18	0.02	-0.03		0.05	-0.01	-0.12	-0.02	SBHIX
HTECX	0.95	0.98	0.98	0.05		0.16	0.84	0.91	HTECX
FRBRX	0.17	0.12	0.17	-0.01	0.16		0.52	0.32	FRBRX
NWHOX	0.85	0.84	0.85	-0.12	0.84	0.52		0.88	NWHOX
CONIX	0.9	0.9	0.9	-0.02	0.91	0.32	0.88		CONIX
	JAGTX	WSTRX	DTEYX	SBHIX	HTECX	FRBRX	NWHOX	CONIX

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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

DTEYX	+ 0.99	WSTRX
HTECX	+ 0.98	WSTRX
HTECX	+ 0.98	DTEYX
DTEYX	+ 0.97	JAGTX
WSTRX	+ 0.96	JAGTX
HTECX	+ 0.95	JAGTX

High negative correlations

SBHIX	- 0.18	JAGTX
NWHOX	- 0.12	SBHIX
SBHIX	- 0.03	DTEYX
CONIX	- 0.02	SBHIX
FRBRX	- 0.01	SBHIX

Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Rampart 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 Rampart'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
JAGTX	1.20	(0.08)	0.00	(0.12)	0.00	0.00	2.00	(3.18)	6.40
WSTRX	1.35	(0.07)	0.00	(0.10)	0.00	0.00	2.25	(3.60)	7.04
DTEYX	1.39	(0.07)	0.00	(0.10)	0.00	0.00	2.50	(3.77)	7.35
SBHIX	0.63	0.04	0.07	0.04	0.73	(0.68)	1.20	(1.17)	3.37
HTECX	1.14	(0.08)	0.00	(0.11)	0.00	0.00	1.67	(3.14)	5.92
FRBRX	1.12	(0.11)	0.00	(0.21)	0.00	0.00	2.24	(2.46)	8.53
NWHOX	1.52	(0.28)	0.00	(0.38)	0.00	0.00	2.34	(3.60)	13.39
CONIX	0.62	(0.10)	0.00	2.06	0.00	0.00	1.18	(1.47)	3.04

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