Virtus International Correlations

VIISX Fund

USD 19.31 0.23 1.18%

The current 90-days correlation between Virtus International and Virtus Kar Small Cap is 0.39 (i.e., Weak diversification). The correlation of Virtus International 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 International Correlation With Market

Modest diversification

The correlation between Virtus International Small Cap and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus International Small Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Virtus International 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 state.

Moving together with Virtus Mutual Fund

0.79	VMSAX	Virtus Multi Strategy	Pair Corr
0.76	SAMFX	Ridgeworth Seix Total	Pair Corr
0.77	SAMZX	Ridgeworth Seix Total	Pair Corr
0.65	PXCZX	Virtus Tax Exempt	Pair Corr
0.79	SAVAX	Virtus Bond Fund	Pair Corr
0.78	SAVCX	Virtus Bond Fund	Pair Corr
0.71	SAVYX	Virtus Bond Fund	Pair Corr
0.67	HIEMX	Virtus Emerging Markets	Pair Corr
0.76	STGIX	Ridgeworth Seix E	Pair Corr
0.72	STGZX	Ridgeworth Seix E	Pair Corr
0.76	STIGX	Ridgeworth Seix E	Pair Corr

Moving against Virtus Mutual Fund

0.37

SAINX

Ridgeworth Seix Porate

Pair Corr

Related Correlations Analysis

	PXSGX	PKSFX	PICMX	VIMCX	VIESX
PXSGX		0.99	0.72	0.83	0.9	PXSGX
PKSFX	0.99		0.78	0.89	0.86	PKSFX
PICMX	0.72	0.78		0.89	0.61	PICMX
VIMCX	0.83	0.89	0.89		0.75	VIMCX
VIESX	0.9	0.86	0.61	0.75		VIESX
	PXSGX	PKSFX	PICMX	VIMCX	VIESX

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Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus International 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 International'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
PXSGX	1.05	(0.27)	0.00	(0.11)	0.00	0.00	1.92	(1.43)	17.48
PKSFX	0.75	(0.12)	0.00	(0.04)	0.00	0.00	1.61	(1.26)	11.97
PICMX	0.81	0.02	0.01	0.10	1.06	(0.82)	1.60	(1.58)	6.65
VIMCX	0.67	(0.05)	(0.08)	0.00	0.88	(0.75)	1.47	(1.13)	5.96
VIESX	0.48	(0.14)	0.00	(0.31)	0.00	0.00	0.76	(0.97)	4.32

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