| SSAGX Fund | | | USD 9.88 0.00 0.00% |
The current 90-days correlation between Virtus Seix Government and Short Term Fund Administrative is 0.72 (i.e., Poor diversification). The correlation of Virtus Seix 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 Seix Correlation With Market
Good diversification
The correlation between Virtus Seix Government and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Seix Government and DJI in the same portfolio, assuming nothing else is changed.
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World Market Map to better understand how to build diversified portfolios, which includes a position in Virtus Seix Government. 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 price.