Virtus Senior Correlations

Mutual Funds . USA . 
Fund . Virtus Senior Floating
PFSRX Fund  USD 8.64  0.01  0.12%   
The current 90-days correlation between Virtus Senior Floating and Cb Large Cap is 0.05 (i.e., Significant diversification). 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

Significant diversification

The correlation between Virtus Senior Floating and DJI is 0.02 (i.e., Significant 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

  0.95VMSAX Vanguard Multi SectorPairCorr
  0.94VMSSX Virtus Multi SectorPairCorr
  0.96HYIZX Ridgeworth Seix HighPairCorr
  0.97SAGAX Ridgeworth InnovativePairCorr
  0.98HYPSX Ridgeworth Seix HighPairCorr
  1.0SAMBX Ridgeworth Seix FloatingPairCorr
  0.97SAMHX Ridgeworth Seix HighPairCorr
  0.88SSAGX Virtus Seix GovernmentPairCorr
  0.96SAMVX Ridgeworth Ceredex MidPairCorr
  0.83PXCZX Virtus Tax ExemptPairCorr
  0.93SASVX Ridgeworth Ceredex SmallPairCorr
  0.96PXIIX Virtus Rampart EnhancedPairCorr
  0.75SAVAX Virtus Bond FundPairCorr
  0.74SAVCX Virtus Bond FundPairCorr
  0.76SAVYX Virtus Bond FundPairCorr
  0.94PXQSX Virtus Kar SmallPairCorr
  0.96SSTFX Virtus Kar CapitalPairCorr
  0.88PXSGX Virtus Kar SmallPairCorr
  0.98PGHCX Virtus High YieldPairCorr
  0.96PGICX Virtus Rampart EnhancedPairCorr
  0.84PGIUX Virtus Global InfrasPairCorr
  0.94HIBIX Virtus Low DurationPairCorr
  0.96STCZX Ridgeworth Silvant LargePairCorr
  0.96STCAX Ridgeworth Silvant LargePairCorr
  0.97STCIX Ridgeworth Silvant LargePairCorr
  0.92STCEX Ridgeworth Ceredex SmallPairCorr
  0.96HIEMX Virtus Emerging MarketsPairCorr
  0.84PGUAX Virtus Global InfrasPairCorr
  0.86PGUCX Virtus Global InfrasPairCorr
  0.95STITX Ridgeworth InternationalPairCorr
  0.93HIMZX Virtus Low DurationPairCorr
  0.99PHCHX Virtus High YieldPairCorr
  0.98PHCIX Virtus High YieldPairCorr
  0.88STTBX Ridgeworth Seix InvePairCorr

Related Correlations Analysis

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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.

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