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

0.79	VMSSX	Virtus Multi Sector	Pair Corr
0.76	SSAGX	Virtus Seix Government	Pair Corr
0.62	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.64	SCETX	Ridgeworth Ceredex Small	Pair Corr
0.75	NARAX	Virtus Multi Sector	Pair Corr
0.75	VRHYX	Virtus High Yield	Pair Corr
0.69	VAAGX	Virtus Nfj Large	Pair Corr
0.67	VAADX	Virtus Convertible	Pair Corr
0.62	VTARX	Virtus Dfa 2040	Pair Corr
0.75	SIGZX	Seix Govt Sec	Pair Corr
0.79	SIGVX	Ridgeworth Seix Gove	Pair Corr
0.64	VVERX	Virtus Ceredex Small	Pair Corr
0.65	MERFX	Merger Fund	Pair Corr
0.61	VIDMX	Virtus Kar Developing	Pair Corr
0.71	PSFRX	Virtus Senior Floating	Pair Corr
0.71	PSFIX	Virtus Senior Floating	Pair Corr
0.61	PSTAX	Virtus Kar Capital	Pair Corr
0.78	PSTCX	Virtus Multi Sector	Pair Corr
0.68	OOSYX	Oppenheimer Senior	Pair Corr
0.7	OOSIX	Oppenheimer Senior	Pair Corr
0.7	LFRIX	Floating Rate	Pair Corr
0.73	LARCX	Floating Rate	Pair Corr
0.7	LFRRX	Lord Abbett Inv	Pair Corr
0.71	LFRFX	Floating Rate	Pair Corr
0.71	LRRRX	Floating Rate	Pair Corr
0.71	LRRTX	Floating Rate	Pair Corr
0.73	LRRVX	Floating Rate	Pair Corr
0.73	LRRKX	Floating Rate	Pair Corr
0.68	SMPIX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.66	SMPSX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.64	ONERX	One Rock Fund Steady Growth	Pair Corr

Related Correlations Analysis

	NWWOX	VDRRX	SISIX	VVERX	VDTIX	VMSAX	VMSRX	HYIZX	VMVRX
NWWOX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NWWOX
VDRRX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	VDRRX
SISIX	0.0	0.0		0.6	0.0	0.73	0.0	0.59	0.0	SISIX
VVERX	0.0	0.0	0.6		0.0	0.91	0.0	0.91	0.0	VVERX
VDTIX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	VDTIX
VMSAX	0.0	0.0	0.73	0.91	0.0		0.0	0.97	0.0	VMSAX
VMSRX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	VMSRX
HYIZX	0.0	0.0	0.59	0.91	0.0	0.97	0.0		0.0	HYIZX
VMVRX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		VMVRX
	NWWOX	VDRRX	SISIX	VVERX	VDTIX	VMSAX	VMSRX	HYIZX	VMVRX

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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

HYIZX	+ 0.97	VMSAX
VMSAX	+ 0.91	VVERX
HYIZX	+ 0.91	VVERX
VMSAX	+ 0.73	SISIX
VVERX	+ 0.6	SISIX
HYIZX	+ 0.59	SISIX

High negative correlations

VMVRX	- 0.0	HYIZX
VMVRX	- 0.0	VMSRX
HYIZX	- 0.0	VMSRX
VMVRX	- 0.0	VMSAX
VMSRX	- 0.0	VMSAX
VMVRX	- 0.0	VDTIX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NWWOX	0.00	0.00	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	0.00	0.00
SISIX	0.17	(0.01)	0.00	0.30	0.00	0.00	0.37	(0.84)	2.16
VVERX	1.28	0.07	(0.03)	(3.74)	2.11	(1.37)	2.33	(3.07)	13.97
VDTIX	0.00	0.00	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	(0.19)	0.45	(0.39)	1.15
VMSRX	0.00	0.00	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	(0.27)	0.65	(0.39)	1.31
VMVRX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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