Virtus Kar Correlations

SSTFX Fund

USD 11.18 0.03 0.27%

The current 90-days correlation between Virtus Kar Capital and Forum Funds is -0.11 (i.e., Good 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

Average diversification

The correlation between Virtus Kar Capital and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Kar Capital and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Virtus Kar Capital. 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 census.

Moving together with Virtus Mutual Fund

0.96	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.63	SAMZX	Ridgeworth Seix Total	Pair Corr
0.98	PXSGX	Virtus Kar Small	Pair Corr
0.99	STVTX	Ridgeworth Ceredex Large	Pair Corr
0.69	SCFTX	Ridgeworth Seix High	Pair Corr
1.0	SCIIX	Ridgeworth International	Pair Corr
1.0	SCIZX	Ridgeworth International	Pair Corr
0.65	PHSKX	Virtus Kar Mid	Pair Corr
0.69	PICMX	Virtus Kar Mid	Pair Corr
0.97	VQSRX	Virtus Kar Small	Pair Corr
0.73	VAAGX	Virtus Nfj Large	Pair Corr
0.61	VAADX	Virtus Convertible	Pair Corr
0.87	VRREX	Virtus Real Estate	Pair Corr
0.88	VAESX	Virtus Emerging Markets	Pair Corr
0.98	VSCRX	Virtus Kar Small	Pair Corr
0.98	PKSAX	Virtus Kar Small	Pair Corr
0.78	PKSFX	Virtus Kar Small	Pair Corr
0.79	PKSCX	Virtus Kar Small	Pair Corr
0.97	VTARX	Virtus Dfa 2040	Pair Corr
0.99	PLXGX	Virtus Kar Capital	Pair Corr
0.78	VECRX	Virtus Rampart Enhanced	Pair Corr
0.79	VGSAX	Virtus Global Real	Pair Corr
0.81	VIMCX	Virtus Kar Mid	Pair Corr

Moving against Virtus Mutual Fund

0.45	SSAGX	Virtus Seix Government	Pair Corr
0.43	SIGVX	Ridgeworth Seix Gove	Pair Corr
0.33	PMSTX	Virtus Multi Sector	Pair Corr

Related Correlations Analysis

	FLXIX	CONOX	PBXIX	MCFCX	WEICX	HNCVX	GACCX	PCNTX
FLXIX		0.48	0.4	0.56	0.66	0.62	0.6	0.58	FLXIX
CONOX	0.48		0.91	0.96	0.9	0.96	0.9	0.98	CONOX
PBXIX	0.4	0.91		0.88	0.85	0.91	0.89	0.93	PBXIX
MCFCX	0.56	0.96	0.88		0.92	0.94	0.92	0.96	MCFCX
WEICX	0.66	0.9	0.85	0.92		0.96	0.85	0.94	WEICX
HNCVX	0.62	0.96	0.91	0.94	0.96		0.92	0.99	HNCVX
GACCX	0.6	0.9	0.89	0.92	0.85	0.92		0.93	GACCX
PCNTX	0.58	0.98	0.93	0.96	0.94	0.99	0.93		PCNTX
	FLXIX	CONOX	PBXIX	MCFCX	WEICX	HNCVX	GACCX	PCNTX

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FLXIX	0.11	0.01	0.04	0.15	0.03	(0.15)	0.19	(0.19)	0.87
CONOX	0.50	0.00	0.00	0.01	0.70	(0.51)	0.98	(0.88)	3.34
PBXIX	0.36	0.00	0.00	0.00	0.56	(0.35)	0.72	(0.80)	2.90
MCFCX	0.24	0.00	0.01	0.02	0.33	(0.26)	0.48	(0.47)	1.80
WEICX	0.56	0.05	0.05	0.10	0.72	(0.60)	1.21	(0.93)	3.63
HNCVX	0.51	0.03	0.03	0.06	0.66	(0.54)	1.02	(1.03)	3.12
GACCX	0.50	0.05	0.07	0.16	0.63	(0.53)	1.15	(0.93)	3.13
PCNTX	0.47	0.02	0.02	0.04	0.63	(0.50)	0.93	(0.92)	3.10

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