Virtus Global Correlations

Mutual Funds . USA . 
Fund . Virtus Global Infrastructure
PGUAX Fund  USD 15.37  0.11  0.72%   
The current 90-days correlation between Virtus Global Infras and Nuveen Global Infrastructure is 0.94 (i.e., Almost no diversification). The correlation of Virtus Global 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 Global Correlation With Market

Good diversification

The correlation between Virtus Global Infrastructure and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Global Infrastructure and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Virtus Global Infrastructure. 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 nation.

Moving together with Virtus Mutual Fund

  0.66GLIFX Lazard Global ListedPairCorr
  0.65GLFOX Lazard Global ListedPairCorr
  0.95VCRCX Mainstay Cbre GlobalPairCorr
  0.62TOLSX Deutsche Global InfrPairCorr
  0.8TOLZX Deutsche Global InfrPairCorr
  0.94VCRAX Voya Cbre GlobalPairCorr
  0.94VCRIX Voya Cbre GlobalPairCorr
  0.8TOLLX Deutsche Global InfrPairCorr
  0.62TOLIX Deutsche Global InfrPairCorr
  0.64GHVIX Gmo High YieldPairCorr
  0.61VZ Verizon Communications Aggressive PushPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Global 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 Global'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.

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