Virtus Kar Correlations

SSTFX Fund

USD 10.30 0.22 2.18%

The current 90-days correlation between Virtus Kar Capital and Aqr Small Cap is 0.45 (i.e., Very weak 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

Modest diversification

The correlation between Virtus Kar Capital and DJI is 0.26 (i.e., Modest 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

0.66	SAGAX	Ridgeworth Innovative Steady Growth	Pair Corr
0.84	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.95	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.9	PXQSX	Virtus Kar Small	Pair Corr
0.9	PXSGX	Virtus Kar Small	Pair Corr
0.64	STCZX	Ridgeworth Silvant Large	Pair Corr
0.64	STCAX	Ridgeworth Silvant Large	Pair Corr
0.64	STCIX	Ridgeworth Silvant Large	Pair Corr
0.97	STCEX	Ridgeworth Ceredex Small	Pair Corr
0.83	STITX	Ridgeworth International	Pair Corr

Moving against Virtus Mutual Fund

0.52	SSAGX	Virtus Seix Government	Pair Corr
0.44	HIBIX	Virtus Low Duration	Pair Corr
0.42	VMSSX	Virtus Multi Sector	Pair Corr
0.44	HIMZX	Virtus Low Duration	Pair Corr
0.38	PIMSX	Virtus Multi Sector	Pair Corr

Related Correlations Analysis

	QSERX	QLMSTX	TVOYX	GLVIX	GMAPX	PSBMX
QSERX		0.8	0.88	0.58	0.88	0.88	QSERX
QLMSTX	0.8		0.96	0.87	0.95	0.96	QLMSTX
TVOYX	0.88	0.96		0.79	0.96	0.98	TVOYX
GLVIX	0.58	0.87	0.79		0.72	0.74	GLVIX
GMAPX	0.88	0.95	0.96	0.72		0.99	GMAPX
PSBMX	0.88	0.96	0.98	0.74	0.99		PSBMX
	QSERX	QLMSTX	TVOYX	GLVIX	GMAPX	PSBMX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
QSERX	1.15	(0.23)	(0.21)	1.83	(2.52)	12.07
QLMSTX	1.03	(0.09)	(0.15)	1.71	(2.77)	5.65
TVOYX	0.84	(0.10)	(0.17)	1.43	(1.95)	4.01
GLVIX	0.92	(0.03)	(0.10)	1.50	(2.12)	5.60
GMAPX	0.99	(0.12)	(0.18)	1.80	(2.81)	5.33
PSBMX	1.01	(0.14)	(0.21)	1.64	(2.32)	5.36

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