Virtus Dfa Correlations

VTARX Fund

USD 10.48 0.02 0.19%

The current 90-days correlation between Virtus Dfa 2040 and Salient Mlp Energy is -0.03 (i.e., Good diversification). The correlation of Virtus Dfa 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 Dfa Correlation With Market

Significant diversification

The correlation between Virtus Dfa 2040 and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Dfa 2040 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 Dfa 2040. 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 metropolitan statistical area.

Moving together with Virtus Mutual Fund

0.61	HYPSX	Ridgeworth Seix High	Pair Corr
0.64	SAMHX	Ridgeworth Seix High	Pair Corr
0.75	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.61	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.74	SSTFX	Virtus Kar Capital	Pair Corr
0.72	STCZX	Ridgeworth Silvant Large	Pair Corr
0.72	STCIX	Ridgeworth Silvant Large	Pair Corr
0.61	STCEX	Ridgeworth Ceredex Small	Pair Corr

Related Correlations Analysis

	SMAPX	SEPIX	IEFCX	ENPSX	HNRGX	VENAX	TMCLX	ALEFX
SMAPX		0.85	0.9	0.9	0.93	0.92	0.88	0.88	SMAPX
SEPIX	0.85		0.96	0.95	0.95	0.94	0.83	0.84	SEPIX
IEFCX	0.9	0.96		0.98	0.99	0.98	0.84	0.85	IEFCX
ENPSX	0.9	0.95	0.98		0.98	0.99	0.82	0.83	ENPSX
HNRGX	0.93	0.95	0.99	0.98		0.98	0.85	0.86	HNRGX
VENAX	0.92	0.94	0.98	0.99	0.98		0.83	0.84	VENAX
TMCLX	0.88	0.83	0.84	0.82	0.85	0.83		0.99	TMCLX
ALEFX	0.88	0.84	0.85	0.83	0.86	0.84	0.99		ALEFX
	SMAPX	SEPIX	IEFCX	ENPSX	HNRGX	VENAX	TMCLX	ALEFX

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Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Dfa 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 Dfa'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
SMAPX	1.10	0.12	0.09	0.12	1.50	(1.19)	2.13	(2.32)	7.93
SEPIX	0.75	0.05	0.08	0.02	1.03	(0.77)	1.44	(1.79)	4.34
IEFCX	0.87	0.10	0.09	0.11	1.25	(0.80)	1.54	(2.20)	5.65
ENPSX	1.53	0.15	0.07	0.10	2.19	(1.39)	3.17	(3.59)	8.59
HNRGX	0.90	0.10	0.09	0.10	1.40	(0.83)	1.80	(2.30)	5.81
VENAX	1.01	0.09	0.07	0.08	1.51	(0.91)	2.08	(2.51)	6.05
TMCLX	1.01	0.07	0.10	(1.63)	1.26	(1.12)	1.88	(2.24)	6.34
ALEFX	0.97	0.05	0.09	(0.86)	1.29	(1.04)	1.96	(2.27)	6.21

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Virtus Dfa Correlations

Virtus Dfa Correlation With Market

Significant diversification

Moving together with Virtus Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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