Virtus Kar Correlations

Mutual Funds . USA . 
Fund . Virtus Kar Mid Cap
VIMCX Fund  USD 62.70  0.99  1.60%   
The current 90-days correlation between Virtus Kar Mid and Virtus Kar Small Cap is -0.02 (i.e., Good 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 Mid Cap and DJI is 0.84 (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 Mid 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 Kar Mid 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 main economic indicators.

Moving together with Virtus Mutual Fund

  0.78SAGAX Ridgeworth InnovativePairCorr
  0.84SAMHX Ridgeworth Seix HighPairCorr
  0.69SSAGX Virtus Seix GovernmentPairCorr
  0.7PFSRX Virtus Senior FloatingPairCorr
  0.84SASVX Ridgeworth Ceredex SmallPairCorr
  0.8PXIIX Virtus Rampart EnhancedPairCorr
  0.87PXQSX Virtus Kar SmallPairCorr
  0.91PXSGX Virtus Kar SmallPairCorr
  0.8PGHCX Virtus High YieldPairCorr
  0.85STCZX Ridgeworth Silvant LargePairCorr
  0.85STCAX Ridgeworth Silvant LargePairCorr
  0.84STCEX Ridgeworth Ceredex SmallPairCorr
  0.94PHSKX Virtus Kar MidPairCorr
  0.8WCFRX Virtus Westchester CreditPairCorr
  0.94PICMX Virtus Kar MidPairCorr
  0.9SVIFX Ridgeworth Ceredex LargePairCorr
  0.87VQSRX Virtus Kar SmallPairCorr
  0.93VAAGX Virtus Nfj LargePairCorr
  0.81VAADX Virtus ConvertiblePairCorr
  0.93PKSAX Virtus Kar SmallPairCorr

Moving against Virtus Mutual Fund

  0.45SAMZX Ridgeworth Seix TotalPairCorr
  0.44STIGX Ridgeworth Seix EPairCorr
  0.41SAVCX Virtus Bond FundPairCorr
  0.38STGZX Ridgeworth Seix EPairCorr
  0.38STIFX Ridgeworth Seix PoratePairCorr
  0.34SAVAX Virtus Bond FundPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FTHSX
+ 0.98
PXSGX
FTHSX
+ 0.92
PKSFX
PXSGX
+ 0.91
PKSFX
FTHSX
+ 0.91
VMCCX
VMCCX
+ 0.9
PXSGX
VMCCX
+ 0.86
PKSFX
  
High negative correlations   
FTHSX
- 0.39
VIISX
VIISX
- 0.39
PXSGX
VIISX
- 0.32
PKSFX
VMCCX
- 0.05
VIISX

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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