Virtus Global Correlations
| VGISX Fund | USD 32.92 0.34 1.02% |
The current 90-days correlation between Virtus Global Real and Virtus Global Real is -0.11 (i.e., Good 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
Significant diversification
The correlation between Virtus Global Real and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Global Real and DJI in the same portfolio, assuming nothing else is changed.
VIRTUS |
Moving together with VIRTUS Mutual Fund
| 0.75 | DFGEX | Dfa Global Real | PairCorr |
| 0.81 | VGRNX | Vanguard Global Ex | PairCorr |
| 0.76 | DFITX | Dfa International Real | PairCorr |
| 0.71 | VGRLX | Vanguard Global Ex | PairCorr |
| 0.79 | PGRKX | Global Real Estate | PairCorr |
| 0.8 | PGRUX | Global Real Estate | PairCorr |
| 0.66 | MGLAX | Mfs Global Real | PairCorr |
| 0.67 | MGLIX | Mfs Global Real | PairCorr |
| 0.67 | ERH | Allspring Utilities And | PairCorr |
| 0.74 | CSJZX | Cohen Steers Realty | PairCorr |
| 0.74 | CSRSX | Cohen Steers Realty | PairCorr |
| 0.75 | PGLSX | Global Multi Strategy | PairCorr |
| 0.71 | HTD | John Hancock Tax | PairCorr |
| 0.76 | CSCO | Cisco Systems | PairCorr |
| 0.72 | IBM | International Business | PairCorr |
| 0.73 | GE | GE Aerospace | PairCorr |
| 0.73 | DD | Dupont De Nemours | PairCorr |
| 0.64 | T | ATT Inc Earnings Call Tomorrow | PairCorr |
| 0.61 | WMT | Walmart | PairCorr |
Moving against VIRTUS Mutual Fund
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VGSAX | 0.75 | (0.01) | 0.00 | (0.08) | 0.00 | 1.62 | 4.62 | |||
| VGSCX | 0.75 | (0.01) | 0.00 | (0.08) | 0.00 | 1.59 | 4.57 | |||
| VRGEX | 0.75 | (0.01) | 0.00 | (0.08) | 0.00 | 1.61 | 4.60 | |||
| VIISX | 0.66 | 0.09 | 0.14 | 0.11 | 0.79 | 1.60 | 5.26 | |||
| PHRIX | 0.99 | (0.14) | 0.00 | (0.35) | 0.00 | 1.74 | 7.56 |