Virtus Global Correlations

VGSAX Fund

USD 37.33 0.32 0.86%

The current 90-days correlation between Virtus Global Real and Virtus Global Real is 1.0 (i.e., No risk reduction). The correlation of Virtus Global 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 Global Correlation With Market

Average diversification

The correlation between Virtus Global Real and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Global Real 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 Global Real. 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 nation.

Moving together with Virtus Mutual Fund

0.71	VMSAX	Virtus Multi Strategy	Pair Corr
0.87	SAINX	Ridgeworth Seix Porate	Pair Corr
0.85	SAMFX	Ridgeworth Seix Total	Pair Corr
0.85	SAMZX	Ridgeworth Seix Total	Pair Corr
0.72	PXCZX	Virtus Tax Exempt	Pair Corr
0.86	SAVAX	Virtus Bond Fund	Pair Corr
0.86	SAVCX	Virtus Bond Fund	Pair Corr
0.86	SAVYX	Virtus Bond Fund	Pair Corr
0.85	STGIX	Ridgeworth Seix E	Pair Corr
0.86	STGZX	Ridgeworth Seix E	Pair Corr
0.85	STIGX	Ridgeworth Seix E	Pair Corr
0.87	STIFX	Ridgeworth Seix Porate	Pair Corr
0.87	STICX	Ridgeworth Seix Porate	Pair Corr
0.78	STITX	Ridgeworth International	Pair Corr

Moving against Virtus Mutual Fund

0.62	SAMBX	Ridgeworth Seix Floating	Pair Corr
0.6	PFSRX	Virtus Senior Floating	Pair Corr
0.5	PXQSX	Virtus Kar Small	Pair Corr
0.5	STCZX	Ridgeworth Silvant Large	Pair Corr
0.5	STCAX	Ridgeworth Silvant Large	Pair Corr
0.5	STCIX	Ridgeworth Silvant Large	Pair Corr
0.47	SAGAX	Ridgeworth Innovative	Pair Corr
0.47	SSTFX	Virtus Kar Capital	Pair Corr
0.44	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.43	STCEX	Ridgeworth Ceredex Small	Pair Corr
0.39	PXSGX	Virtus Kar Small Steady Growth	Pair Corr
0.37	SSAGX	Virtus Seix Government	Pair Corr
0.36	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.31	SAMHX	Ridgeworth Seix High	Pair Corr
0.49	WCFRX	Virtus Westchester Credit	Pair Corr
0.47	SCATX	Ridgeworth Innovative	Pair Corr
0.47	STVZX	Ridgeworth Ceredex Large	Pair Corr
0.45	STVTX	Ridgeworth Ceredex Large	Pair Corr
0.44	SCETX	Ridgeworth Ceredex Small	Pair Corr
0.44	SVIFX	Ridgeworth Ceredex Large	Pair Corr
0.34	PHCIX	Virtus High Yield	Pair Corr

Related Correlations Analysis

	VGISX	VGSCX	VRGEX	VMACX	PKSAX
VGISX		1.0	1.0	-0.18	-0.34	VGISX
VGSCX	1.0		1.0	-0.21	-0.37	VGSCX
VRGEX	1.0	1.0		-0.18	-0.34	VRGEX
VMACX	-0.18	-0.21	-0.18		0.94	VMACX
PKSAX	-0.34	-0.37	-0.34	0.94		PKSAX
	VGISX	VGSCX	VRGEX	VMACX	PKSAX

Click cells to compare fundamentals

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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

VGSCX	+ 1.0	VGISX
VRGEX	+ 1.0	VGISX
VRGEX	+ 1.0	VGSCX
PKSAX	+ 0.94	VMACX

High negative correlations

PKSAX	- 0.37	VGSCX
PKSAX	- 0.34	VRGEX
PKSAX	- 0.34	VGISX
VMACX	- 0.21	VGSCX
VMACX	- 0.18	VRGEX
VMACX	- 0.18	VGISX

Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Global 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 Global'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
VGISX	0.59	(0.01)	(0.14)	0.05	0.74	(0.62)	1.08	(1.35)	3.38
VGSCX	0.59	(0.01)	(0.15)	0.02	0.74	(0.62)	1.09	(1.37)	3.35
VRGEX	0.59	(0.01)	(0.14)	0.06	0.73	(0.62)	1.08	(1.35)	3.35
VMACX	0.64	(0.01)	(0.03)	0.10	0.66	(0.67)	1.47	(1.16)	3.86
PKSAX	0.74	0.02	0.06	0.13	0.60	(0.85)	1.71	(1.19)	6.48

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