Virtus Global Correlations

Mutual Funds . USA . 
Fund . Virtus Global Infrastructure
PGUAX Fund  USD 15.73  0.14  0.90%   
The current 90-days correlation between Virtus Global Infras and Vanguard Multi Sector Income is -0.02 (i.e., Good diversification). The correlation of Virtus Global 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 Global Correlation With Market

Weak diversification

The correlation between Virtus Global Infrastructure and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Global Infrastructure 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 Global Infrastructure. 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 nation.

Moving together with Virtus Mutual Fund

  0.79HYPSX Ridgeworth Seix HighPairCorr
  0.78SAMBX Ridgeworth Seix FloatingPairCorr
  0.78SAMHX Ridgeworth Seix HighPairCorr
  0.77SSAGX Virtus Seix GovernmentPairCorr
  0.61PXCZX Virtus Tax ExemptPairCorr
  0.81PFSRX Virtus Senior FloatingPairCorr
  0.7SASVX Ridgeworth Ceredex SmallPairCorr
  0.84PXIIX Virtus Rampart EnhancedPairCorr
  0.66SAVAX Virtus Bond FundPairCorr
  0.65SAVCX Virtus Bond FundPairCorr
  0.67SAVYX Virtus Bond FundPairCorr
  0.75PXQSX Virtus Kar SmallPairCorr
  0.79SSTFX Virtus Kar CapitalPairCorr
  0.69PXSGX Virtus Kar SmallPairCorr
  0.78PGHCX Virtus High YieldPairCorr
  0.84PGICX Virtus Rampart EnhancedPairCorr
  0.99PGIUX Virtus Global InfrasPairCorr
  0.77HIBIX Virtus Low DurationPairCorr
  0.78STCZX Ridgeworth Silvant LargePairCorr
  0.78STCAX Ridgeworth Silvant LargePairCorr
  0.78STCIX Ridgeworth Silvant LargePairCorr
  0.7STCEX Ridgeworth Ceredex SmallPairCorr
  0.81HIEMX Virtus Emerging MarketsPairCorr
  0.99PGUCX Virtus Global InfrasPairCorr
  0.85STITX Ridgeworth InternationalPairCorr
  0.77HIMZX Virtus Low DurationPairCorr
  0.79PHCHX Virtus High YieldPairCorr
  0.78PHCIX Virtus High YieldPairCorr
  0.69STTBX Ridgeworth Seix InvePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Global 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 Global'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
VMSAX  0.12  0.05 (0.48) 3.45  0.00 
(0.16)
 0.34 
(0.17)
 0.85 
VMSSX  0.11  0.02 (0.45) 1.27  0.00 
(0.27)
 0.22 
(0.22)
 0.67 
HYIZX  0.16  0.06 (0.33) 1.47  0.00 
(0.25)
 0.64 
(0.13)
 1.05 
SAGAX  1.02  0.47  0.37  3.22  0.37 
(1.29)
 3.04 
(1.16)
 7.65 
HYPSX  0.15  0.05 (0.42) 0.53  0.00 
(0.24)
 0.65 
(0.13)
 0.95 
SAMFX  0.26  0.00 (0.34) 0.13  0.27 
(0.29)
 0.55 
(0.54)
 1.20 
SAMBX  0.11  0.05  0.00  0.93  0.00 
 0.00 
 0.41 
(0.13)
 0.80 
SAMHX  0.17  0.05 (0.29) 0.50  0.00 
(0.28)
 0.65 
(0.25)
 1.05 
SSAGX  0.06  0.01 (1.17) 0.49  0.00 
(0.18)
 0.10 
(0.10)
 0.61 
SAMVX  0.62  0.26  0.16  75.32  0.35 
(0.78)
 2.01 
(0.89)
 5.41 

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