Virtus Emerging Correlations
| VIESX Fund | USD 15.60 0.05 0.32% |
The current 90-days correlation between Virtus Emerging Markets and Vanguard Emerging Markets is -0.12 (i.e., Good diversification). The correlation of Virtus Emerging 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 Emerging Correlation With Market
Good diversification
The correlation between Virtus Emerging Markets and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
Virtus |
Moving together with Virtus Mutual Fund
| 0.63 | VMSAX | Virtus Multi Strategy | PairCorr |
| 0.94 | HIEMX | Virtus Emerging Markets | PairCorr |
| 0.66 | STITX | Ridgeworth International | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Virtus Mutual Fund performing well and Virtus Emerging 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 Emerging'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VEIEX | 0.72 | (0.02) | (0.10) | 0.08 | 0.84 | 1.55 | 4.60 | |||
| VEMIX | 0.72 | (0.02) | (0.10) | 0.08 | 0.83 | 1.56 | 4.60 | |||
| FNFWX | 0.57 | (0.01) | 0.00 | 0.32 | 0.00 | 1.26 | 3.79 | |||
| NWFFX | 0.56 | (0.07) | 0.00 | (0.03) | 0.00 | 1.26 | 3.78 |