Virtus Multi-sector Correlations

VMSSX Fund

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The current 90-days correlation between Virtus Multi Sector and Vanguard Dividend Growth is 0.28 (i.e., Modest diversification). The correlation of Virtus Multi-sector 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 Multi-sector Correlation With Market

Very good diversification

The correlation between Virtus Multi Sector Short and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Multi Sector Short 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 Multi Sector Short. 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

0.95	VMSAX	Vanguard Multi Sector	Pair Corr
0.82	SAMFX	Ridgeworth Seix Total	Pair Corr
0.98	SSAGX	Virtus Seix Government	Pair Corr
0.82	SAMZX	Ridgeworth Seix Total	Pair Corr
0.81	SAVAX	Virtus Bond Fund	Pair Corr
0.81	SAVCX	Virtus Bond Fund	Pair Corr
0.74	HIEMX	Virtus Emerging Markets	Pair Corr
0.81	STGIX	Ridgeworth Seix E	Pair Corr
0.81	STGZX	Ridgeworth Seix E	Pair Corr
0.81	STIGX	Ridgeworth Seix E	Pair Corr
0.72	HIMZX	Virtus Low Duration	Pair Corr
0.63	STTBX	Ridgeworth Seix Inve	Pair Corr
0.73	PIPTX	Virtus Kar Global	Pair Corr

Moving against Virtus Mutual Fund

0.78	PXSGX	Virtus Kar Small	Pair Corr
0.72	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.7	SAGAX	Ridgeworth Innovative	Pair Corr
0.58	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.52	PXQSX	Virtus Kar Small	Pair Corr
0.72	STCEX	Ridgeworth Ceredex Small	Pair Corr
0.69	SCATX	Ridgeworth Innovative	Pair Corr
0.63	STCZX	Ridgeworth Silvant Large	Pair Corr
0.63	PICMX	Virtus Kar Mid	Pair Corr
0.54	STCAX	Ridgeworth Silvant Large	Pair Corr
0.54	STCIX	Ridgeworth Silvant Large	Pair Corr
0.54	PHSKX	Virtus Kar Mid	Pair Corr
0.5	SCETX	Ridgeworth Ceredex Small	Pair Corr

Related Correlations Analysis

	VDIGX	AWPIX	SRGAX	EIPIX	ARTSX
VDIGX		0.59	0.57	0.11	0.3	VDIGX
AWPIX	0.59		0.82	0.63	0.41	AWPIX
SRGAX	0.57	0.82		0.51	0.64	SRGAX
EIPIX	0.11	0.63	0.51		0.13	EIPIX
ARTSX	0.3	0.41	0.64	0.13		ARTSX
	VDIGX	AWPIX	SRGAX	EIPIX	ARTSX

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Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Multi-sector 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 Multi-sector'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
VDIGX	0.61	(0.03)	0.00	0.24	0.00	0.00	0.95	(1.20)	3.57
AWPIX	0.71	0.00	0.00	(0.01)	1.00	(0.70)	1.45	(1.57)	4.44
SRGAX	0.64	(0.03)	0.00	(0.04)	0.00	0.00	1.25	(1.45)	3.64
EIPIX	0.72	0.09	0.09	0.17	0.88	(0.74)	1.68	(1.63)	4.24
ARTSX	1.18	(0.10)	0.00	1.44	0.00	0.00	2.24	(3.15)	5.69

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