Virtus Kar Correlations

Mutual Funds . USA . 
Fund . Virtus Kar Mid Cap
VMACX Fund  USD 55.34  0.25  0.45%   
The current 90-days correlation between Virtus Kar Mid and Virtus Kar Small Cap is 0.84 (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

Significant diversification

The correlation between Virtus Kar Mid Cap and DJI is 0.04 (i.e., Significant 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
  0.93SAMVX Ridgeworth Ceredex MidPairCorr
  0.93SASVX Ridgeworth Ceredex SmallPairCorr
  0.96PXQSX Virtus Kar SmallPairCorr
  0.92SSTFX Virtus Kar CapitalPairCorr
  0.88PXSGX Virtus Kar SmallPairCorr
  0.88STCZX Ridgeworth Silvant LargePairCorr
  0.88STCAX Ridgeworth Silvant LargePairCorr
  0.88STCIX Ridgeworth Silvant LargePairCorr
  0.93STCEX Ridgeworth Ceredex SmallPairCorr

Moving against Virtus Mutual Fund

  0.56SAMFX Ridgeworth Seix TotalPairCorr
  0.55SAMZX Ridgeworth Seix TotalPairCorr
  0.55HIBIX Virtus Low DurationPairCorr
  0.51SAVYX Virtus Bond FundPairCorr
  0.5VMSSX Virtus Multi SectorPairCorr
  0.5SAVAX Virtus Bond FundPairCorr
  0.49SAVCX Virtus Bond FundPairCorr
  0.4HIEMX Virtus Emerging MarketsPairCorr
  0.38VMSAX Vanguard Multi SectorPairCorr
  0.36SSAGX Virtus Seix GovernmentPairCorr
  0.31PGIUX Virtus Global InfrasPairCorr
  0.57STGIX Ridgeworth Seix EPairCorr
  0.57STGZX Ridgeworth Seix EPairCorr
  0.57HIMZX Virtus Low DurationPairCorr
  0.56STIGX Ridgeworth Seix EPairCorr
  0.5PIPTX Virtus Kar GlobalPairCorr
  0.49PIMSX Virtus Multi SectorPairCorr
  0.39PICEX Virtus Emerging MarketsPairCorr
  0.36NAMFX Virtus Multi SectorPairCorr

Related Correlations Analysis

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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.

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