Virtus Nfj Correlations

VAAGX Fund

USD 27.08 0.12 0.44%

The current 90-days correlation between Virtus Nfj Large and Calamos Dynamic Convertible is 0.22 (i.e., Modest diversification). The correlation of Virtus Nfj 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 Nfj Correlation With Market

Poor diversification

The correlation between Virtus Nfj Large Cap and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Nfj Large Cap 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 Nfj Large 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

0.7	SAGAX	Ridgeworth Innovative Steady Growth	Pair Corr
0.87	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.7	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.66	SSTFX	Virtus Kar Capital	Pair Corr
0.74	STCZX	Ridgeworth Silvant Large	Pair Corr
0.74	STCAX	Ridgeworth Silvant Large	Pair Corr
0.66	STCEX	Ridgeworth Ceredex Small	Pair Corr
0.71	SCATX	Ridgeworth Innovative Steady Growth	Pair Corr
0.74	STVZX	Ridgeworth Ceredex Large	Pair Corr
0.73	STVTX	Ridgeworth Ceredex Large	Pair Corr
0.8	PICMX	Virtus Kar Mid	Pair Corr
0.72	SVIIX	Ridgeworth Ceredex Large	Pair Corr
0.61	VRGEX	Virtus Global Real	Pair Corr
0.87	VRMCX	Virtus Kar Mid	Pair Corr

Related Correlations Analysis

	CCD	VAADX	ARBOX	PBXIX	PCNTX	NCIDX
CCD		0.88	-0.66	0.79	0.89	0.83	CCD
VAADX	0.88		-0.52	0.92	1.0	0.98	VAADX
ARBOX	-0.66	-0.52		-0.28	-0.52	-0.39	ARBOX
PBXIX	0.79	0.92	-0.28		0.93	0.93	PBXIX
PCNTX	0.89	1.0	-0.52	0.93		0.98	PCNTX
NCIDX	0.83	0.98	-0.39	0.93	0.98		NCIDX
	CCD	VAADX	ARBOX	PBXIX	PCNTX	NCIDX

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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

PCNTX	+ 1.0	VAADX
NCIDX	+ 0.98	VAADX
NCIDX	+ 0.98	PCNTX
PCNTX	+ 0.93	PBXIX
NCIDX	+ 0.93	PBXIX
PBXIX	+ 0.92	VAADX

High negative correlations

ARBOX	- 0.66	CCD
PCNTX	- 0.52	ARBOX
ARBOX	- 0.52	VAADX
NCIDX	- 0.39	ARBOX
PBXIX	- 0.28	ARBOX

Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Nfj 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 Nfj'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
CCD	0.77	(0.08)	(0.26)	1.41	(1.67)	7.13
VAADX	0.67	(0.07)	(0.19)	1.13	(1.60)	3.27
ARBOX	0.05	0.02	0.89	0.09	0.00	0.18
PBXIX	0.43	(0.03)	(0.14)	0.81	(0.90)	2.66
PCNTX	0.64	(0.06)	(0.16)	1.07	(1.68)	3.46
NCIDX	0.59	(0.04)	(0.14)	1.03	(1.38)	3.23

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