Virtus High Correlations

VRHYX Fund

USD 3.89 0.01 0.26%

The current 90-days correlation between Virtus High Yield and Guidemark Large Cap is 0.27 (i.e., Modest diversification). The correlation of Virtus High 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 High Correlation With Market

Average diversification

The correlation between Virtus High Yield and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus High Yield 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 High Yield. 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 manufacturing.

Moving together with Virtus Mutual Fund

0.91	VMSSX	Virtus Multi Sector	Pair Corr
0.83	SSAGX	Virtus Seix Government	Pair Corr
0.91	WCFRX	Virtus Westchester Credit	Pair Corr
0.81	VAADX	Virtus Convertible	Pair Corr
0.84	SIGVX	Ridgeworth Seix Gove	Pair Corr
0.73	VLPIX	Virtus Select Mlp	Pair Corr
0.87	VWEAX	Vanguard High Yield	Pair Corr
0.65	VWEHX	Vanguard High Yield	Pair Corr
0.64	BHYIX	Blackrock High Yield	Pair Corr
0.64	BHYSX	Blackrock Hi Yld	Pair Corr
0.62	BHYAX	Blackrock High Yield	Pair Corr
0.62	AHTFX	American High Income	Pair Corr
0.76	VFIAX	Vanguard 500 Index	Pair Corr
0.76	VFINX	Vanguard 500 Index	Pair Corr
0.85	LFRIX	Floating Rate	Pair Corr

Moving against Virtus Mutual Fund

0.47	USPSX	Profunds Ultrashort	Pair Corr
0.43	VIESX	Virtus Emerging Markets	Pair Corr
0.32	VRREX	Virtus Real Estate	Pair Corr
0.47	USPIX	Profunds Ultrashort	Pair Corr
0.32	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	GMLGX	CMACX	TRSAX	FMTIX	DFUSX	JAAIX	UPAAX	PHTNX
GMLGX		0.9	0.84	0.88	0.77	0.51	0.47	0.86	GMLGX
CMACX	0.9		0.86	0.95	0.61	0.52	0.35	0.99	CMACX
TRSAX	0.84	0.86		0.84	0.58	0.37	0.21	0.85	TRSAX
FMTIX	0.88	0.95	0.84		0.8	0.72	0.53	0.96	FMTIX
DFUSX	0.77	0.61	0.58	0.8		0.83	0.78	0.64	DFUSX
JAAIX	0.51	0.52	0.37	0.72	0.83		0.71	0.58	JAAIX
UPAAX	0.47	0.35	0.21	0.53	0.78	0.71		0.38	UPAAX
PHTNX	0.86	0.99	0.85	0.96	0.64	0.58	0.38		PHTNX
	GMLGX	CMACX	TRSAX	FMTIX	DFUSX	JAAIX	UPAAX	PHTNX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus High 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 High'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
GMLGX	0.68	0.00	(0.01)	0.03	1.26	(0.63)	1.22	(1.45)	7.56
CMACX	0.39	(0.02)	0.00	(0.05)	0.00	0.00	0.73	(0.92)	2.88
TRSAX	0.92	0.01	0.00	0.07	1.72	(0.81)	1.79	(2.26)	8.77
FMTIX	0.38	0.00	(0.03)	0.02	0.56	(0.37)	0.82	(0.75)	2.93
DFUSX	0.57	0.05	0.04	0.22	0.79	(0.61)	1.24	(1.30)	5.45
JAAIX	0.16	0.00	(0.08)	0.07	0.17	(0.20)	0.31	(0.38)	1.13
UPAAX	1.48	0.18	0.08	1.36	1.76	(1.63)	3.05	(3.14)	11.11
PHTNX	0.36	(0.02)	(0.05)	(0.04)	0.56	(0.36)	0.75	(0.68)	2.91

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