Virtus Real Correlations

PHRCX Fund

USD 18.54 0.10 0.54%

The current 90-days correlation between Virtus Real Estate and Ishares Russell 2000 is -0.07 (i.e., Good diversification). The correlation of Virtus Real 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 Real Correlation With Market

Very poor diversification

The correlation between Virtus Real Estate and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Real Estate 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 Real Estate. 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 main economic indicators.

Moving together with Virtus Mutual Fund

0.61	O	Realty Income	Pair Corr
0.77	DX	Dynex Capital	Pair Corr
0.83	FR	First Industrial Realty Earnings Call This Week	Pair Corr
0.74	OZ	Belpointe PREP LLC	Pair Corr
0.77	PK	Park Hotels Resorts	Pair Corr
0.84	UE	Urban Edge Properties	Pair Corr
0.61	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.77	AHT-PD	Ashford Hospitality Trust Downward Rally	Pair Corr
0.73	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.65	DOUG	Douglas Elliman	Pair Corr
0.87	VNO-PL	Vornado Realty Trust	Pair Corr
0.86	VNO-PM	Vornado Realty Trust	Pair Corr
0.84	VNO-PN	Vornado Realty Trust	Pair Corr
0.77	VNO-PO	Vornado Realty Trust	Pair Corr
0.77	MITT-PA	AG Mortgage Investment	Pair Corr
0.87	MITT-PB	AG Mortgage Investment	Pair Corr
0.88	MITT-PC	AG Mortgage Investment	Pair Corr
0.77	VTMX	Corporacin Inmobiliaria	Pair Corr
0.78	ELME	Elme Communities	Pair Corr
0.75	EPRT	Essential Properties	Pair Corr
0.77	EQIX	Equinix	Pair Corr
0.84	WELL	Welltower	Pair Corr
0.61	ESBA	Empire State Realty	Pair Corr
0.87	CDR-PC	Cedar Realty Trust	Pair Corr
0.72	ESRT	Empire State Realty	Pair Corr

Moving against Virtus Mutual Fund

0.59	WETH	Wetouch Technology Common	Pair Corr
0.56	WHLR	Wheeler Real Estate	Pair Corr
0.41	CDR-PB	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	BDBPX	ESSCX	SECAX	WIISX	NESGX	BOSVX	DFUKX	QSERX
BDBPX		0.97	0.94	0.89	0.94	0.99	0.93	1.0	BDBPX
ESSCX	0.97		0.94	0.92	0.95	0.94	0.97	0.98	ESSCX
SECAX	0.94	0.94		0.92	0.99	0.93	0.92	0.95	SECAX
WIISX	0.89	0.92	0.92		0.91	0.83	0.98	0.91	WIISX
NESGX	0.94	0.95	0.99	0.91		0.92	0.92	0.96	NESGX
BOSVX	0.99	0.94	0.93	0.83	0.92		0.88	0.98	BOSVX
DFUKX	0.93	0.97	0.92	0.98	0.92	0.88		0.94	DFUKX
QSERX	1.0	0.98	0.95	0.91	0.96	0.98	0.94		QSERX
	BDBPX	ESSCX	SECAX	WIISX	NESGX	BOSVX	DFUKX	QSERX

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Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Real 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 Real'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
BDBPX	1.27	0.19	0.04	(1.43)	1.80	(1.31)	2.46	(2.82)	12.96
ESSCX	0.92	0.27	0.09	(1.07)	1.34	(0.96)	2.62	(1.98)	7.05
SECAX	1.20	0.04	0.02	0.13	1.83	(1.28)	2.43	(2.74)	12.34
WIISX	0.71	0.18	0.08	0.44	1.17	(0.76)	1.50	(1.18)	6.50
NESGX	1.80	0.18	0.07	0.20	2.65	(1.83)	3.18	(3.69)	19.28
BOSVX	1.30	0.16	0.03	(1.98)	2.00	(1.43)	2.52	(2.92)	12.69
DFUKX	0.83	0.28	0.10	8.92	1.40	(0.84)	1.89	(1.61)	7.83
QSERX	1.16	0.22	0.06	(2.05)	1.63	(1.16)	2.72	(2.54)	11.37

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