Virtus Kar Correlations

VMCCX Fund

USD 54.35 0.41 0.76%

The current 90-days correlation between Virtus Kar Mid and Virtus Kar Mid Cap is 1.0 (i.e., No risk reduction). 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 0.83 (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

0.77	SAGAX	Ridgeworth Innovative	Pair Corr
0.83	SAMHX	Ridgeworth Seix High	Pair Corr
0.67	SSAGX	Virtus Seix Government	Pair Corr
0.69	PFSRX	Virtus Senior Floating	Pair Corr
0.84	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.8	PXIIX	Virtus Rampart Enhanced	Pair Corr
0.86	PXQSX	Virtus Kar Small	Pair Corr
0.9	PXSGX	Virtus Kar Small	Pair Corr
0.79	PGHCX	Virtus High Yield	Pair Corr
0.84	STCZX	Ridgeworth Silvant Large	Pair Corr
0.84	STCAX	Ridgeworth Silvant Large	Pair Corr
0.84	STCEX	Ridgeworth Ceredex Small	Pair Corr
0.93	PHSKX	Virtus Kar Mid	Pair Corr
0.78	WCFRX	Virtus Westchester Credit	Pair Corr
0.93	PICMX	Virtus Kar Mid	Pair Corr
0.9	SVIFX	Ridgeworth Ceredex Large	Pair Corr
0.86	VQSRX	Virtus Kar Small	Pair Corr
0.92	VAAGX	Virtus Nfj Large	Pair Corr
0.8	VAADX	Virtus Convertible	Pair Corr
0.92	PKSAX	Virtus Kar Small	Pair Corr

Moving against VIRTUS Mutual Fund

0.43	SAMZX	Ridgeworth Seix Total	Pair Corr
0.42	STIGX	Ridgeworth Seix E	Pair Corr
0.4	SAVCX	Virtus Bond Fund	Pair Corr
0.36	STGZX	Ridgeworth Seix E	Pair Corr
0.36	STIFX	Ridgeworth Seix Porate	Pair Corr
0.32	SAVAX	Virtus Bond Fund	Pair Corr

Related Correlations Analysis

	VIMCX	BTMFX	VMACX	PKSCX	RYCYX
VIMCX		0.96	0.91	0.93	0.85	VIMCX
BTMFX	0.96		0.89	0.96	0.91	BTMFX
VMACX	0.91	0.89		0.87	0.94	VMACX
PKSCX	0.93	0.96	0.87		0.88	PKSCX
RYCYX	0.85	0.91	0.94	0.88		RYCYX
	VIMCX	BTMFX	VMACX	PKSCX	RYCYX

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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
VIMCX	0.63	(0.01)	(0.03)	0.09	0.71	(0.65)	1.38	(1.17)	3.85
BTMFX	0.53	0.00	(0.03)	0.10	0.44	(0.63)	1.21	(0.86)	3.33
VMACX	0.62	0.07	(0.03)	2.29	0.72	(0.63)	1.37	(1.16)	3.86
PKSCX	0.74	0.02	0.05	0.12	0.61	(0.84)	1.76	(1.20)	6.49
RYCYX	1.08	0.17	0.05	(1.74)	1.08	(1.16)	2.17	(1.89)	8.81

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