Virtus Kar Correlations

PQSAX Fund

USD 29.17 0.02 0.07%

The current 90-days correlation between Virtus Kar Small and The Hartford Midcap is 0.77 (i.e., Poor diversification). The correlation of Virtus Kar 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 Kar Correlation With Market

Very poor diversification

The correlation between Virtus Kar Small Cap and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Kar Small Cap 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 Kar Small Cap. 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

0.85	HYIZX	Ridgeworth Seix High	Pair Corr
0.96	SAGAX	Ridgeworth Innovative	Pair Corr
0.83	HYPSX	Ridgeworth Seix High	Pair Corr
0.86	SAMBX	Ridgeworth Seix Floating	Pair Corr
0.86	SAMHX	Ridgeworth Seix High	Pair Corr
0.72	SSAGX	Virtus Seix Government	Pair Corr
0.96	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.87	PFSRX	Virtus Senior Floating	Pair Corr
0.97	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.69	PXIIX	Virtus Rampart Enhanced	Pair Corr
1.0	PXQSX	Virtus Kar Small	Pair Corr
0.96	SSTFX	Virtus Kar Capital	Pair Corr
0.98	PXSGX	Virtus Kar Small	Pair Corr
0.8	PGHCX	Virtus High Yield	Pair Corr
0.66	PGICX	Virtus Rampart Enhanced	Pair Corr
0.91	STCZX	Ridgeworth Silvant Large	Pair Corr
0.91	STCAX	Ridgeworth Silvant Large	Pair Corr
0.91	STCIX	Ridgeworth Silvant Large	Pair Corr
0.96	STCEX	Ridgeworth Ceredex Small	Pair Corr
0.79	PHCHX	Virtus High Yield	Pair Corr
0.82	PHCIX	Virtus High Yield	Pair Corr

Moving against VIRTUS Mutual Fund

0.72	SAMFX	Ridgeworth Seix Total	Pair Corr
0.69	SAVCX	Virtus Bond Fund	Pair Corr
0.67	SAVAX	Virtus Bond Fund	Pair Corr
0.67	SAVYX	Virtus Bond Fund	Pair Corr
0.65	SAINX	Ridgeworth Seix Porate	Pair Corr
0.38	PXCZX	Virtus Tax Exempt	Pair Corr
0.72	STIGX	Ridgeworth Seix E	Pair Corr
0.71	STGZX	Ridgeworth Seix E	Pair Corr
0.68	STIFX	Ridgeworth Seix Porate	Pair Corr
0.65	STICX	Ridgeworth Seix Porate	Pair Corr
0.62	STITX	Ridgeworth International	Pair Corr
0.62	SCIIX	Ridgeworth International	Pair Corr
0.62	SCIZX	Ridgeworth International	Pair Corr
0.38	SCFTX	Ridgeworth Seix High	Pair Corr
0.37	STTBX	Ridgeworth Seix Inve	Pair Corr
0.33	HIEMX	Virtus Emerging Markets	Pair Corr

Related Correlations Analysis

	HFMIX	MEDIX	WFMIX	WMFFX	BEXIX
HFMIX		-0.08	0.94	0.92	0.12	HFMIX
MEDIX	-0.08		0.04	0.02	0.47	MEDIX
WFMIX	0.94	0.04		0.9	0.13	WFMIX
WMFFX	0.92	0.02	0.9		0.42	WMFFX
BEXIX	0.12	0.47	0.13	0.42		BEXIX
	HFMIX	MEDIX	WFMIX	WMFFX	BEXIX

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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

WFMIX	+ 0.94	HFMIX
WMFFX	+ 0.92	HFMIX
WMFFX	+ 0.9	WFMIX
BEXIX	+ 0.47	MEDIX
BEXIX	+ 0.42	WMFFX
BEXIX	+ 0.13	WFMIX

High negative correlations

MEDIX

- 0.08

HFMIX

Risk-Adjusted Indicators

There is a big difference between VIRTUS Mutual Fund performing well and Virtus Kar 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 Kar'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
HFMIX	0.73	0.04	0.05	0.17	0.81	(0.80)	1.75	(1.33)	3.92
MEDIX	0.20	0.01	(0.49)	0.71	0.15	(0.27)	0.42	(0.41)	1.16
WFMIX	0.53	(0.03)	(0.08)	0.09	0.53	(0.54)	1.17	(1.01)	3.67
WMFFX	0.50	(0.03)	(0.08)	0.09	0.57	(0.53)	1.00	(1.14)	3.33
BEXIX	0.71	(0.05)	(0.13)	0.01	0.89	(0.80)	1.65	(1.86)	4.96

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