Virtus Kar Correlations

PXSGX Fund

USD 31.38 0.13 0.41%

The current 90-days correlation between Virtus Kar Small and Virtus Kar Mid Cap is 0.15 (i.e., Average 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

Good diversification

The correlation between Virtus Kar Small Cap and DJI is -0.09 (i.e., Good 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 price.

Moving together with Virtus Mutual Fund

0.61	SAGAX	Ridgeworth Innovative	Pair Corr
0.89	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.85	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.63	SSTFX	Virtus Kar Capital	Pair Corr
0.61	STGZX	Ridgeworth Seix E	Pair Corr
0.62	STITX	Ridgeworth International	Pair Corr
0.81	STVTX	Ridgeworth Ceredex Large	Pair Corr
0.63	SCFTX	Ridgeworth Seix High	Pair Corr
0.63	SCIIX	Ridgeworth International	Pair Corr
0.63	SCIZX	Ridgeworth International	Pair Corr

Moving against Virtus Mutual Fund

0.68	SSAGX	Virtus Seix Government	Pair Corr
0.54	PFSRX	Virtus Senior Floating	Pair Corr
0.41	SAMBX	Ridgeworth Seix Floating	Pair Corr
0.37	VMSSX	Virtus Multi Sector	Pair Corr

Related Correlations Analysis

	PICMX	PCBIX	CPODX	MSEQX	MGGIX
PICMX		0.88	0.23	0.23	0.72	PICMX
PCBIX	0.88		0.3	0.3	0.88	PCBIX
CPODX	0.23	0.3		0.99	0.52	CPODX
MSEQX	0.23	0.3	0.99		0.53	MSEQX
MGGIX	0.72	0.88	0.52	0.53		MGGIX
	PICMX	PCBIX	CPODX	MSEQX	MGGIX

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
PICMX	0.75	(0.16)	(0.28)	1.41	(1.71)	5.25
PCBIX	0.74	(0.14)	(0.21)	1.33	(2.29)	4.29
CPODX	1.50	(0.05)	0.15	3.22	(3.08)	9.56
MSEQX	1.42	(0.03)	0.08	3.12	(3.15)	9.20
MGGIX	0.92	(0.08)	(0.10)	1.63	(2.22)	9.00

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