Virtus Kar Correlations

VKSDX Fund

USD 11.20 0.04 0.36%

The current 90-days correlation between Virtus Kar Small and Virtus Multi Strategy Target is 0.13 (i.e., Average 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 Small Mid 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 Small Mid 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 Small Mid. 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 unemployment.

Moving together with Virtus Mutual Fund

0.85	HYIZX	Ridgeworth Seix High	Pair Corr
0.93	SAGAX	Ridgeworth Innovative	Pair Corr
0.86	HYPSX	Ridgeworth Seix High	Pair Corr
0.86	SAMBX	Ridgeworth Seix Floating	Pair Corr
0.88	SAMHX	Ridgeworth Seix High	Pair Corr
0.75	SSAGX	Virtus Seix Government	Pair Corr
0.96	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.87	PFSRX	Virtus Senior Floating	Pair Corr
0.96	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.78	PXIIX	Virtus Rampart Enhanced	Pair Corr
0.98	PXQSX	Virtus Kar Small	Pair Corr
0.96	SSTFX	Virtus Kar Capital	Pair Corr
0.97	PXSGX	Virtus Kar Small	Pair Corr
0.82	PGHCX	Virtus High Yield	Pair Corr
0.7	PGICX	Virtus Rampart Enhanced	Pair Corr
0.94	STCZX	Ridgeworth Silvant Large	Pair Corr
0.91	STCAX	Ridgeworth Silvant Large	Pair Corr
0.93	STCIX	Ridgeworth Silvant Large	Pair Corr
0.96	STCEX	Ridgeworth Ceredex Small	Pair Corr

Moving against Virtus Mutual Fund

0.71	SAMFX	Ridgeworth Seix Total	Pair Corr
0.7	SAMZX	Ridgeworth Seix Total	Pair Corr
0.68	SAVCX	Virtus Bond Fund	Pair Corr
0.66	SAVAX	Virtus Bond Fund	Pair Corr
0.65	SAVYX	Virtus Bond Fund	Pair Corr
0.62	SAINX	Ridgeworth Seix Porate	Pair Corr
0.35	PXCZX	Virtus Tax Exempt	Pair Corr
0.7	STGIX	Ridgeworth Seix E	Pair Corr
0.7	STGZX	Ridgeworth Seix E	Pair Corr
0.7	STIGX	Ridgeworth Seix E	Pair Corr
0.65	STIFX	Ridgeworth Seix Porate	Pair Corr
0.63	STICX	Ridgeworth Seix Porate	Pair Corr
0.51	STITX	Ridgeworth International	Pair Corr
0.51	SCIIX	Ridgeworth International	Pair Corr
0.51	SCIZX	Ridgeworth International	Pair Corr
0.35	SCFTX	Ridgeworth Seix High	Pair Corr
0.33	STTBX	Ridgeworth Seix Inve	Pair Corr

Related Correlations Analysis

	VMSAX	VMSSX	HYIZX	SAGAX	SAINX	HYPSX	SAMFX	SAMBX	SAMHX	SSAGX
VMSAX		0.76	0.24	-0.04	0.74	0.26	0.6	-0.28	0.2	0.02	VMSAX
VMSSX	0.76		0.51	0.16	0.45	0.58	0.4	0.1	0.53	0.43	VMSSX
HYIZX	0.24	0.51		0.83	-0.34	0.94	-0.46	0.82	0.94	0.89	HYIZX
SAGAX	-0.04	0.16	0.83		-0.65	0.81	-0.71	0.85	0.83	0.7	SAGAX
SAINX	0.74	0.45	-0.34	-0.65		-0.33	0.95	-0.76	-0.38	-0.45	SAINX
HYPSX	0.26	0.58	0.94	0.81	-0.33		-0.42	0.78	0.99	0.83	HYPSX
SAMFX	0.6	0.4	-0.46	-0.71	0.95	-0.42		-0.81	-0.46	-0.55	SAMFX
SAMBX	-0.28	0.1	0.82	0.85	-0.76	0.78	-0.81		0.8	0.89	SAMBX
SAMHX	0.2	0.53	0.94	0.83	-0.38	0.99	-0.46	0.8		0.84	SAMHX
SSAGX	0.02	0.43	0.89	0.7	-0.45	0.83	-0.55	0.89	0.84		SSAGX
	VMSAX	VMSSX	HYIZX	SAGAX	SAINX	HYPSX	SAMFX	SAMBX	SAMHX	SSAGX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

SAMHX	+ 0.99	HYPSX
SAMFX	+ 0.95	SAINX
HYPSX	+ 0.94	HYIZX
SAMHX	+ 0.94	HYIZX
SSAGX	+ 0.89	HYIZX
SSAGX	+ 0.89	SAMBX

High negative correlations

SAMBX	- 0.81	SAMFX
SAMBX	- 0.76	SAINX
SAMFX	- 0.71	SAGAX
SAINX	- 0.65	SAGAX
SSAGX	- 0.55	SAMFX
SAMHX	- 0.46	SAMFX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VMSAX	0.13	0.00	(0.67)	0.03	0.10	(0.17)	0.28	(0.22)	0.83
VMSSX	0.07	0.01	(0.45)	1.88	0.00	(0.24)	0.22	(0.22)	0.66
HYIZX	0.11	0.02	(0.62)	(5.61)	0.00	(0.18)	0.25	(0.13)	0.76
SAGAX	0.98	0.29	0.11	26.81	1.15	(1.07)	2.10	(2.02)	5.92
SAINX	0.27	(0.02)	0.00	(0.16)	0.00	0.00	0.53	(0.67)	1.47
HYPSX	0.11	0.01	(0.50)	0.31	0.00	(0.20)	0.26	(0.26)	0.91
SAMFX	0.23	(0.01)	0.00	0.23	0.00	0.00	0.43	(0.63)	1.29
SAMBX	0.08	0.03	0.00	(0.92)	0.00	0.00	0.13	0.00	0.91
SAMHX	0.11	0.01	(0.51)	0.35	0.00	(0.20)	0.25	(0.25)	0.76
SSAGX	0.05	0.01	(0.97)	(0.52)	0.00	(0.22)	0.10	(0.10)	0.51

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC