Virtus Kar Correlations

Mutual Funds . USA . 
Fund . Virtus Kar Mid Cap
VIMCX Fund  USD 57.25  0.26  0.45%   
The current 90-days correlation between Virtus Kar Mid and Virtus Kar Small Cap is 0.85 (i.e., Very poor 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

Poor diversification

The correlation between Virtus Kar Mid Cap and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Kar Mid 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 Kar Mid 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 main economic indicators.

Moving together with Virtus Mutual Fund

  0.89SAGAX Ridgeworth InnovativePairCorr
  0.91SAMVX Ridgeworth Ceredex MidPairCorr
  0.81SASVX Ridgeworth Ceredex SmallPairCorr
  0.9PXQSX Virtus Kar SmallPairCorr
  0.7SSTFX Virtus Kar CapitalPairCorr
  0.77PXSGX Virtus Kar SmallPairCorr
  0.87STCZX Ridgeworth Silvant LargePairCorr
  0.87STCAX Ridgeworth Silvant LargePairCorr
  0.87STCIX Ridgeworth Silvant LargePairCorr
  0.75STCEX Ridgeworth Ceredex SmallPairCorr

Moving against Virtus Mutual Fund

  0.59SSAGX Virtus Seix GovernmentPairCorr
  0.54HIBIX Virtus Low DurationPairCorr
  0.52SAMFX Ridgeworth Seix TotalPairCorr
  0.51SAMZX Ridgeworth Seix TotalPairCorr
  0.5VMSSX Virtus Multi SectorPairCorr
  0.47SAVYX Virtus Bond FundPairCorr
  0.46SAVAX Virtus Bond FundPairCorr
  0.45SAVCX Virtus Bond FundPairCorr
  0.36VMSAX Vanguard Multi SectorPairCorr
  0.56HIMZX Virtus Low DurationPairCorr
  0.53STGIX Ridgeworth Seix EPairCorr
  0.52STGZX Ridgeworth Seix EPairCorr
  0.52STIGX Ridgeworth Seix EPairCorr
  0.48PIMSX Virtus Multi SectorPairCorr
  0.47PIPTX Virtus Kar GlobalPairCorr
  0.35NAMFX Virtus Multi SectorPairCorr

Related Correlations Analysis

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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   
PXSGX
+ 0.95
PKSFX
FTHSX
+ 0.94
VMCCX
VMCCX
+ 0.9
PKSFX
FTHSX
+ 0.9
PKSFX
FTHSX
+ 0.81
PXSGX
VMCCX
+ 0.78
PXSGX
  
High negative correlations   
FTHSX
- 0.52
VIISX
VIISX
- 0.49
PXSGX
VIISX
- 0.41
PKSFX
VMCCX
- 0.37
VIISX

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.

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