Virtus Investment Correlations

VRTS Stock

USD 174.77 2.01 1.14%

The current 90-days correlation between Virtus Investment and Associated Capital Group is 0.14 (i.e., Average diversification). The correlation of Virtus Investment 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 Investment Correlation With Market

Poor diversification

The correlation between Virtus Investment Partners, and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Investment Partners, 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 Investment Partners,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Virtus Stock

0.83	WD	Walker Dunlop	Pair Corr
0.61	ECPG	Encore Capital Group	Pair Corr
0.76	SYF	Synchrony Financial	Pair Corr
0.83	ORGN	Origin Materials	Pair Corr
0.91	PYPL	PayPal Holdings	Pair Corr
0.69	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.89	BITF	Bitfarms	Pair Corr
0.9	CODI	Compass Diversified	Pair Corr
0.75	DHIL	Diamond Hill Investment	Pair Corr
0.76	AX	Axos Financial	Pair Corr
0.82	BX	Blackstone Group	Pair Corr
0.65	CG	Carlyle Group Normal Trading	Pair Corr
0.84	CM	Canadian Imperial Bank	Pair Corr

Moving against Virtus Stock

0.74	V	Visa Class A Sell-off Trend	Pair Corr
0.63	GDST	Goldenstone Acquisition	Pair Corr
0.6	RENEW	Cartesian Growth	Pair Corr
0.58	PT	Pintec Technology	Pair Corr
0.54	WSBF	Waterstone Financial	Pair Corr
0.47	MA	Mastercard	Pair Corr
0.68	COOP	Mr Cooper Group	Pair Corr
0.62	BK	Bank of New York Sell-off Trend	Pair Corr
0.59	BBDC	Barings BDC	Pair Corr
0.5	SNFCA	Security National Earnings Call Today	Pair Corr
0.45	AC	Associated Capital	Pair Corr
0.42	L	Loews Corp	Pair Corr
0.89	LX	Lexinfintech Holdings	Pair Corr
0.87	GL	Globe Life	Pair Corr
0.86	DB	Deutsche Bank AG	Pair Corr
0.82	LU	Lufax Holding	Pair Corr
0.56	CB	Chubb	Pair Corr
0.48	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX
V		-0.54	0.08	0.36	0.8	0.16	-0.35	-0.17	0.56	0.76	V
DHIL	-0.54		-0.03	-0.11	-0.39	0.21	0.5	0.33	-0.55	-0.6	DHIL
DIST	0.08	-0.03		-0.18	0.1	0.33	0.31	0.27	-0.32	-0.21	DIST
AB	0.36	-0.11	-0.18		-0.03	0.0	-0.06	0.0	0.51	0.43	AB
AC	0.8	-0.39	0.1	-0.03		0.44	-0.08	0.11	0.21	0.42	AC
BN	0.16	0.21	0.33	0.0	0.44		0.82	0.9	-0.54	-0.44	BN
BX	-0.35	0.5	0.31	-0.06	-0.08	0.82		0.95	-0.77	-0.8	BX
CG	-0.17	0.33	0.27	0.0	0.11	0.9	0.95		-0.67	-0.67	CG
DB	0.56	-0.55	-0.32	0.51	0.21	-0.54	-0.77	-0.67		0.9	DB
DX	0.76	-0.6	-0.21	0.43	0.42	-0.44	-0.8	-0.67	0.9		DX
	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX

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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

CG	+ 0.95	BX
CG	+ 0.9	BN
DX	+ 0.9	DB
BX	+ 0.82	BN
AC	+ 0.8	V
DX	+ 0.76	V

High negative correlations

DX	- 0.8	BX
DB	- 0.77	BX
DX	- 0.67	CG
DB	- 0.67	CG
DX	- 0.6	DHIL
DB	- 0.55	DHIL

Risk-Adjusted Indicators

There is a big difference between Virtus Stock performing well and Virtus Investment Company 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 Investment'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
V	0.81	0.16	0.14	0.17	0.91	(0.86)	1.96	(1.56)	5.06
DHIL	0.82	(0.04)	0.00	(0.05)	0.00	0.00	1.64	(1.49)	5.26
DIST	0.31	(0.02)	0.00	0.26	0.00	0.00	0.90	0.00	9.90
AB	1.53	0.18	0.07	1.27	2.34	(1.52)	3.87	(2.72)	14.55
AC	1.25	0.06	0.05	0.08	1.26	(1.49)	3.22	(2.11)	8.95
BN	1.53	(0.01)	0.00	(0.01)	0.00	0.00	3.09	(3.33)	8.41
BX	1.67	(0.21)	0.00	(0.12)	0.00	0.00	2.72	(4.10)	8.36
CG	2.00	(0.05)	0.00	(0.03)	0.00	0.00	3.25	(3.81)	10.93
DB	1.62	0.57	0.33	(4.47)	1.18	(1.95)	4.09	(2.73)	17.66
DX	0.82	0.18	0.20	(1.03)	0.78	(0.99)	1.66	(1.75)	5.15

Virtus Investment Corporate Management

Andra JD	Chief VP	Profile
CPA CPA	CFO VP	Profile
Wendy Hills	Chief VP	Profile
Sean Rourke	Vice Relations	Profile
CFA CFA	Portfolio Mang	Profile
Elizabeth Lieberman	Executive Officer	Profile

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