Virtus Senior Correlations

PFSRX Fund  USD 8.64  0.01  0.12%   
The correlation of Virtus Senior 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 Senior Correlation With Market

Modest diversification

The correlation between Virtus Senior Floating and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Senior Floating and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Virtus Senior Floating. 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 metropolitan statistical area.

Moving together with Virtus Mutual Fund

  0.79VMSSX Virtus Multi SectorPairCorr
  0.76SSAGX Virtus Seix GovernmentPairCorr
  0.62SAMVX Ridgeworth Ceredex MidPairCorr
  0.64SCETX Ridgeworth Ceredex SmallPairCorr
  0.75NARAX Virtus Multi SectorPairCorr
  0.75VRHYX Virtus High YieldPairCorr
  0.69VAAGX Virtus Nfj LargePairCorr
  0.67VAADX Virtus ConvertiblePairCorr
  0.62VTARX Virtus Dfa 2040PairCorr
  0.75SIGZX Seix Govt SecPairCorr
  0.79SIGVX Ridgeworth Seix GovePairCorr
  0.64VVERX Virtus Ceredex SmallPairCorr
  0.65MERFX Merger FundPairCorr
  0.61VIDMX Virtus Kar DevelopingPairCorr
  0.71PSFRX Virtus Senior FloatingPairCorr
  0.71PSFIX Virtus Senior FloatingPairCorr
  0.61PSTAX Virtus Kar CapitalPairCorr
  0.78PSTCX Virtus Multi SectorPairCorr
  0.68OOSYX Oppenheimer SeniorPairCorr
  0.7OOSIX Oppenheimer SeniorPairCorr
  0.7LFRIX Floating RatePairCorr
  0.73LARCX Floating RatePairCorr
  0.7LFRRX Lord Abbett InvPairCorr
  0.71LFRFX Floating RatePairCorr
  0.71LRRRX Floating RatePairCorr
  0.71LRRTX Floating RatePairCorr
  0.73LRRVX Floating RatePairCorr
  0.73LRRKX Floating RatePairCorr
  0.68SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.66SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.64ONERX One Rock Fund Steady GrowthPairCorr

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   
HYIZXVMSAX
VMSAXVVERX
HYIZXVVERX
VMSAXSISIX
VVERXSISIX
HYIZXSISIX
  
High negative correlations   
VMVRXHYIZX
VMVRXVMSRX
HYIZXVMSRX
VMVRXVMSAX
VMSRXVMSAX
VMVRXVDTIX

Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Senior 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 Senior'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
NWWOX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
VDRRX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
SISIX  0.17 (0.01) 0.00  0.30  0.00 
 0.37 
 2.16 
VVERX  1.28  0.07 (0.03)(3.74) 2.11 
 2.33 
 13.97 
VDTIX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
VMSAX  0.18  0.03 (0.37)(5.90) 0.21 
 0.45 
 1.15 
VMSRX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
HYIZX  0.21  0.03 (0.20) 0.37  0.21 
 0.65 
 1.31 
VMVRX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00