Virtus Allianzgi Correlations

AIO Fund

USD 23.84 0.26 1.10%

The current 90-days correlation between Virtus Allianzgi Art and BlackRock Health Sciences is 0.45 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Virtus Allianzgi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Virtus Allianzgi Artificial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Virtus Allianzgi Correlation With Market

Very weak diversification

The correlation between Virtus Allianzgi Artificial and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Allianzgi Artificial and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Virtus Allianzgi Artificial. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Virtus Fund

0.94	VITAX	Vanguard Information	Pair Corr
0.91	FSPTX	Technology Portfolio	Pair Corr
0.81	FSELX	Fidelity Select Semi	Pair Corr
0.86	FSCSX	Software And It	Pair Corr
0.93	SLMCX	Columbia Seligman	Pair Corr
0.95	SCICX	Columbia Seligman	Pair Corr
0.88	WSTRX	Ivy Science And	Pair Corr
0.88	WSTCX	Ivy Science And	Pair Corr
0.92	SPGSX	State Street Premier	Pair Corr
0.93	RQECX	Resq Dynamic Allocation	Pair Corr
0.87	FEMDX	Franklin Emerging Market	Pair Corr
0.91	FBALX	Fidelity Balanced	Pair Corr
0.78	GAB	Gabelli Equity Trust	Pair Corr
0.94	LLPFX	Longleaf Partners	Pair Corr
0.69	RIV	Rivernorth Opportunities	Pair Corr
0.96	VTSMX	Vanguard Total Stock	Pair Corr
0.84	SCRYX	Small Cap Core	Pair Corr
0.87	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.81	HD	Home Depot	Pair Corr
0.89	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.73	T	ATT Inc Sell-off Trend	Pair Corr
0.77	DIS	Walt Disney Aggressive Push	Pair Corr
0.94	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.85	WMT	Walmart Aggressive Push	Pair Corr
0.9	HPQ	HP Inc	Pair Corr

Moving against Virtus Fund

0.84	KF	Korea Closed	Pair Corr
0.42	BRUFX	Bruce Fund Bruce	Pair Corr
0.77	KO	Coca Cola Aggressive Push	Pair Corr
0.69	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.63	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.39	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	BSTZ	BIGZ	BCAT	BME	BST	BMEZ	HFRO	FOF	AEF	NIE
BSTZ		0.88	0.58	-0.77	0.82	-0.11	-0.82	0.61	-0.01	0.85	BSTZ
BIGZ	0.88		0.75	-0.61	0.87	-0.04	-0.57	0.84	0.28	0.96	BIGZ
BCAT	0.58	0.75		-0.34	0.64	0.07	-0.29	0.76	0.21	0.8	BCAT
BME	-0.77	-0.61	-0.34		-0.51	0.59	0.77	-0.35	0.21	-0.61	BME
BST	0.82	0.87	0.64	-0.51		0.0	-0.64	0.81	0.35	0.91	BST
BMEZ	-0.11	-0.04	0.07	0.59	0.0		0.34	0.01	0.16	-0.06	BMEZ
HFRO	-0.82	-0.57	-0.29	0.77	-0.64	0.34		-0.32	0.29	-0.57	HFRO
FOF	0.61	0.84	0.76	-0.35	0.81	0.01	-0.32		0.54	0.86	FOF
AEF	-0.01	0.28	0.21	0.21	0.35	0.16	0.29	0.54		0.28	AEF
NIE	0.85	0.96	0.8	-0.61	0.91	-0.06	-0.57	0.86	0.28		NIE
	BSTZ	BIGZ	BCAT	BME	BST	BMEZ	HFRO	FOF	AEF	NIE

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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

NIE	+ 0.96	BIGZ
NIE	+ 0.91	BST
BIGZ	+ 0.88	BSTZ
BST	+ 0.87	BIGZ
NIE	+ 0.86	FOF
NIE	+ 0.85	BSTZ

High negative correlations

HFRO	- 0.82	BSTZ
BME	- 0.77	BSTZ
HFRO	- 0.64	BST
NIE	- 0.61	BME
BME	- 0.61	BIGZ
NIE	- 0.57	HFRO

Risk-Adjusted Indicators

There is a big difference between Virtus Fund performing well and Virtus Allianzgi 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 Allianzgi'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
BSTZ	0.91	0.10	0.08	0.22	0.96	(0.97)	1.65	(1.63)	4.51
BIGZ	0.84	0.05	0.04	0.17	1.01	(0.86)	1.75	(1.59)	5.15
BCAT	0.46	0.00	(0.12)	0.11	0.48	(0.54)	1.10	(0.76)	2.93
BME	0.55	(0.14)	0.00	(0.15)	0.00	0.00	0.81	(1.15)	4.45
BST	0.72	0.00	(0.03)	0.12	0.93	(0.71)	1.51	(1.63)	3.94
BMEZ	0.59	(0.08)	0.00	(0.02)	0.00	0.00	1.11	(1.10)	3.56
HFRO	0.92	(0.07)	0.00	(0.04)	0.00	0.00	1.72	(1.78)	4.82
FOF	0.53	0.06	0.01	0.25	0.45	(0.59)	1.64	(1.07)	3.14
AEF	0.91	(0.06)	0.00	(0.06)	0.00	0.00	2.29	(2.08)	6.33
NIE	0.54	0.05	0.01	0.19	0.59	(0.59)	1.44	(1.52)	4.02

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