Virtus International Correlations

VIISX Fund

USD 20.15 0.18 0.89%

The current 90-days correlation between Virtus International and Virtus Kar Small Cap is 0.62 (i.e., Poor diversification). The correlation of Virtus International 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 International Correlation With Market

Very weak diversification

The correlation between Virtus International Small Cap and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus International Small 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 International 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 state.

Moving together with Virtus Mutual Fund

0.89	VMSAX	Vanguard Multi Sector	Pair Corr
0.85	VMSSX	Virtus Multi Sector	Pair Corr
0.62	HYIZX	Ridgeworth Seix High	Pair Corr
0.83	SAMFX	Ridgeworth Seix Total	Pair Corr
0.64	SAMHX	Ridgeworth Seix High	Pair Corr
0.86	SSAGX	Virtus Seix Government	Pair Corr
0.84	SAMZX	Ridgeworth Seix Total	Pair Corr
0.75	PXIIX	Virtus Rampart Enhanced	Pair Corr
0.84	SAVAX	Virtus Bond Fund	Pair Corr
0.83	SAVCX	Virtus Bond Fund	Pair Corr
0.83	SAVYX	Virtus Bond Fund	Pair Corr
0.73	PGICX	Virtus Rampart Enhanced	Pair Corr
0.91	PGIUX	Virtus Global Infras	Pair Corr
0.85	HIBIX	Virtus Low Duration	Pair Corr
0.87	HIEMX	Virtus Emerging Markets	Pair Corr
0.9	PGUAX	Virtus Global Infras	Pair Corr
0.9	PGUCX	Virtus Global Infras	Pair Corr
0.83	STGIX	Ridgeworth Seix E	Pair Corr
0.84	STGZX	Ridgeworth Seix E	Pair Corr
0.83	STIGX	Ridgeworth Seix E	Pair Corr
0.76	STITX	Ridgeworth International	Pair Corr
0.86	HIMZX	Virtus Low Duration	Pair Corr
0.66	PHCIX	Virtus High Yield	Pair Corr

Moving against Virtus Mutual Fund

0.7	PXSGX	Virtus Kar Small	Pair Corr
0.57	STCEX	Ridgeworth Ceredex Small	Pair Corr
0.56	SAGAX	Ridgeworth Innovative	Pair Corr
0.56	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.5	STCAX	Ridgeworth Silvant Large	Pair Corr
0.5	STCIX	Ridgeworth Silvant Large	Pair Corr
0.49	STCZX	Ridgeworth Silvant Large	Pair Corr
0.42	PXQSX	Virtus Kar Small	Pair Corr
0.36	SSTFX	Virtus Kar Capital	Pair Corr
0.34	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.56	SCATX	Ridgeworth Innovative	Pair Corr
0.55	SCETX	Ridgeworth Ceredex Small	Pair Corr
0.5	PHSKX	Virtus Kar Mid	Pair Corr
0.5	PICMX	Virtus Kar Mid	Pair Corr

Related Correlations Analysis

	PXSGX	PKSFX	PICMX	VIMCX	VIESX
PXSGX		0.94	0.91	0.86	-0.67	PXSGX
PKSFX	0.94		0.94	0.95	-0.56	PKSFX
PICMX	0.91	0.94		0.95	-0.53	PICMX
VIMCX	0.86	0.95	0.95		-0.47	VIMCX
VIESX	-0.67	-0.56	-0.53	-0.47		VIESX
	PXSGX	PKSFX	PICMX	VIMCX	VIESX

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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

VIMCX	+ 0.95	PKSFX
VIMCX	+ 0.95	PICMX
PKSFX	+ 0.94	PXSGX
PICMX	+ 0.94	PKSFX
PICMX	+ 0.91	PXSGX
VIMCX	+ 0.86	PXSGX

High negative correlations

VIESX	- 0.67	PXSGX
VIESX	- 0.56	PKSFX
VIESX	- 0.53	PICMX
VIESX	- 0.47	VIMCX

Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus International 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 International'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
PXSGX	0.89	(0.13)	0.00	(0.15)	0.00	0.00	1.65	(1.83)	4.35
PKSFX	0.75	(0.05)	0.00	(0.08)	0.00	0.00	1.75	(1.52)	3.55
PICMX	0.91	(0.09)	0.00	(0.10)	0.00	0.00	1.92	(2.31)	5.06
VIMCX	0.76	(0.02)	0.00	(0.05)	0.00	0.00	1.59	(1.48)	3.87
VIESX	0.52	0.05	0.09	0.76	0.63	(0.59)	1.31	(1.03)	3.67

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