Virtus Kar Correlations

Mutual Funds . USA . 
Fund . Virtus Kar Small Cap
PSGAX Fund  USD 38.32  0.04  0.10%   
The current 90-days correlation between Virtus Kar Small and Virtus Kar Mid Cap is 0.78 (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 0.86 (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

  0.78HYIZX Ridgeworth Seix HighPairCorr
  0.92SAGAX Ridgeworth InnovativePairCorr
  0.79HYPSX Ridgeworth Seix HighPairCorr
  0.81SAMBX Ridgeworth Seix FloatingPairCorr
  0.8SAMHX Ridgeworth Seix HighPairCorr
  0.69SSAGX Virtus Seix GovernmentPairCorr
  0.8PFSRX Virtus Senior FloatingPairCorr
  0.94SASVX Ridgeworth Ceredex SmallPairCorr
  0.66PXIIX Virtus Rampart EnhancedPairCorr
  0.98PXQSX Virtus Kar SmallPairCorr
  0.97SSTFX Virtus Kar CapitalPairCorr
  1.0PXSGX Virtus Kar Small Steady GrowthPairCorr
  0.77PGHCX Virtus High YieldPairCorr
  0.64PGICX Virtus Rampart EnhancedPairCorr
  0.92STCZX Ridgeworth Silvant LargePairCorr
  0.92STCAX Ridgeworth Silvant LargePairCorr
  0.92STCIX Ridgeworth Silvant LargePairCorr
  0.94STCEX Ridgeworth Ceredex SmallPairCorr
  0.76PHCHX Virtus High YieldPairCorr

Moving against Virtus Mutual Fund

  0.68SAMFX Ridgeworth Seix TotalPairCorr
  0.68SAMZX Ridgeworth Seix TotalPairCorr
  0.64SAVCX Virtus Bond FundPairCorr
  0.62SAVAX Virtus Bond FundPairCorr
  0.62SAVYX Virtus Bond FundPairCorr
  0.59SAINX Ridgeworth Seix PoratePairCorr
  0.42PXCZX Virtus Tax ExemptPairCorr
  0.68STGIX Ridgeworth Seix EPairCorr
  0.68STIGX Ridgeworth Seix EPairCorr
  0.67STGZX Ridgeworth Seix EPairCorr
  0.63STIFX Ridgeworth Seix PoratePairCorr
  0.6STICX Ridgeworth Seix PoratePairCorr
  0.56SCIZX Ridgeworth InternationalPairCorr
  0.55STITX Ridgeworth InternationalPairCorr
  0.55SCIIX Ridgeworth InternationalPairCorr
  0.44SCFTX Ridgeworth Seix HighPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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