Virtus Westchester Correlations

WCFRX Fund

USD 11.49 0.02 0.17%

The current 90-days correlation between Virtus Westchester Credit and Mesirow Financial Small is 0.7 (i.e., Poor diversification). The correlation of Virtus Westchester 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 Westchester Correlation With Market

Weak diversification

The correlation between Virtus Westchester Credit and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Westchester Credit and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Virtus Westchester Credit. 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

0.89	VMSAX	Vanguard Multi Sector	Pair Corr
0.84	VMSSX	Virtus Multi Sector	Pair Corr
0.93	HYIZX	Ridgeworth Seix High	Pair Corr
0.91	HYPSX	Ridgeworth Seix High	Pair Corr
0.76	SAMFX	Ridgeworth Seix Total	Pair Corr
0.78	SAMBX	Ridgeworth Seix Floating	Pair Corr
0.93	SAMHX	Ridgeworth Seix High	Pair Corr
0.8	SSAGX	Virtus Seix Government	Pair Corr
0.77	SAMZX	Ridgeworth Seix Total	Pair Corr
0.77	PXCZX	Virtus Tax Exempt	Pair Corr
0.62	PFSRX	Virtus Senior Floating	Pair Corr
0.86	PXIIX	Virtus Rampart Enhanced	Pair Corr
0.8	SAVAX	Virtus Bond Fund	Pair Corr
0.8	SAVCX	Virtus Bond Fund	Pair Corr
0.81	SAVYX	Virtus Bond Fund	Pair Corr
0.9	PGHCX	Virtus High Yield	Pair Corr
0.84	PGICX	Virtus Rampart Enhanced	Pair Corr
0.74	PGIUX	Virtus Global Infras	Pair Corr
0.85	HIBIX	Virtus Low Duration	Pair Corr
0.63	HIEMX	Virtus Emerging Markets	Pair Corr
0.74	PGUAX	Virtus Global Infras	Pair Corr
0.66	PGUCX	Virtus Global Infras	Pair Corr
0.75	STGIX	Ridgeworth Seix E	Pair Corr
0.76	STGZX	Ridgeworth Seix E	Pair Corr
0.72	STIGX	Ridgeworth Seix E	Pair Corr
0.84	HIMZX	Virtus Low Duration	Pair Corr
0.91	PHCHX	Virtus High Yield	Pair Corr
0.92	PHCIX	Virtus High Yield	Pair Corr
0.78	STTBX	Ridgeworth Seix Inve	Pair Corr

Moving against Virtus Mutual Fund

0.53	PXSGX	Virtus Kar Small	Pair Corr
0.33	SAGAX	Ridgeworth Innovative	Pair Corr
0.33	SCATX	Ridgeworth Innovative	Pair Corr

Related Correlations Analysis

	MSVIX	RMBKX	PSSRX	FAFSX	DVFYX	XFINX	RMBLX	BTO
MSVIX		0.85	0.81	0.82	0.33	0.37	0.85	0.87	MSVIX
RMBKX	0.85		0.91	0.92	0.56	0.48	1.0	0.92	RMBKX
PSSRX	0.81	0.91		0.98	0.7	0.54	0.91	0.88	PSSRX
FAFSX	0.82	0.92	0.98		0.73	0.58	0.92	0.93	FAFSX
DVFYX	0.33	0.56	0.7	0.73		0.62	0.57	0.62	DVFYX
XFINX	0.37	0.48	0.54	0.58	0.62		0.48	0.51	XFINX
RMBLX	0.85	1.0	0.91	0.92	0.57	0.48		0.92	RMBLX
BTO	0.87	0.92	0.88	0.93	0.62	0.51	0.92		BTO
	MSVIX	RMBKX	PSSRX	FAFSX	DVFYX	XFINX	RMBLX	BTO

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Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Westchester 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 Westchester'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
MSVIX	0.98	(0.21)	0.00	(0.19)	0.00	0.00	1.60	(2.19)	10.85
RMBKX	1.13	(0.15)	0.00	(0.14)	0.00	0.00	2.19	(3.08)	6.79
PSSRX	0.99	(0.12)	0.00	(0.10)	0.00	0.00	1.85	(3.18)	6.03
FAFSX	0.90	(0.06)	0.00	(0.05)	0.00	0.00	1.71	(2.71)	6.26
DVFYX	0.85	0.03	0.02	(0.33)	1.27	(0.82)	1.65	(2.39)	6.47
XFINX	0.15	(0.01)	(0.03)	0.28	0.25	(0.18)	0.29	(0.64)	1.27
RMBLX	1.13	(0.15)	0.00	(0.14)	0.00	0.00	2.20	(3.09)	6.78
BTO	1.08	(0.04)	0.00	(0.04)	0.00	0.00	2.30	(2.35)	6.87

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