Virtus Global Correlations

PGUCX Fund

USD 15.41 0.05 0.33%

The current 90-days correlation between Virtus Global Infras and Virtus Global Infrastructure is 1.0 (i.e., No risk reduction). 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

Modest diversification

The correlation between Virtus Global Infrastructure and DJI is 0.28 (i.e., Modest 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 main economic indicators.

Moving together with Virtus Mutual Fund

0.72	VMSAX	Virtus Multi Strategy	Pair Corr
0.73	VMSSX	Virtus Multi Sector	Pair Corr
0.68	PXIIX	Virtus Rampart Enhanced	Pair Corr
0.68	PGICX	Virtus Rampart Enhanced	Pair Corr
1.0	PGIUX	Virtus Global Infras	Pair Corr
0.71	HIBIX	Virtus Low Duration	Pair Corr
1.0	PGUAX	Virtus Global Infras	Pair Corr
0.71	HIMZX	Virtus Low Duration	Pair Corr

Related Correlations Analysis

	PGUAX	PGIUX	HBLCX	AIAFX	FCIVX
PGUAX		1.0	0.8	0.63	0.75	PGUAX
PGIUX	1.0		0.8	0.62	0.74	PGIUX
HBLCX	0.8	0.8		0.55	0.55	HBLCX
AIAFX	0.63	0.62	0.55		0.93	AIAFX
FCIVX	0.75	0.74	0.55	0.93		FCIVX
	PGUAX	PGIUX	HBLCX	AIAFX	FCIVX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PGUAX	0.47	0.05	(0.08)	0.35	0.46	(0.51)	0.92	(0.98)	2.48
PGIUX	0.47	0.05	(0.07)	0.35	0.45	(0.50)	0.87	(1.03)	2.48
HBLCX	0.25	(0.02)	(0.30)	0.07	0.25	(0.27)	0.54	(0.41)	1.62
AIAFX	0.49	(0.02)	(0.18)	0.04	0.58	(0.54)	0.83	(0.98)	3.29
FCIVX	0.51	0.01	(0.13)	0.24	0.70	(0.47)	0.84	(1.17)	2.67

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Virtus Global Correlations

Virtus Global Correlation With Market

Modest diversification

Moving together with Virtus Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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