Virtus Kar Correlations

Mutual Funds . USA . 
Fund . Virtus Kar Small Cap
PKSCX Fund  USD 37.34  0.13  0.35%   
The current 90-days correlation between Virtus Kar Small and Virtus Kar Small Cap is 0.93 (i.e., Almost no diversification). The correlation of Virtus Kar 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 Kar Correlation With Market

Very poor diversification

The correlation between Virtus Kar Small Cap and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Kar Small Cap 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 Kar Small Cap. 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

  0.83VMSAX Vanguard Multi SectorPairCorr
  0.8VMSSX Virtus Multi SectorPairCorr
  0.85HYIZX Ridgeworth Seix HighPairCorr
  0.9SAGAX Ridgeworth InnovativePairCorr
  0.85HYPSX Ridgeworth Seix HighPairCorr
  0.88SAMBX Ridgeworth Seix FloatingPairCorr
  0.85SAMHX Ridgeworth Seix HighPairCorr
  0.74SSAGX Virtus Seix GovernmentPairCorr
  0.95SAMVX Ridgeworth Ceredex MidPairCorr
  0.73PXCZX Virtus Tax ExemptPairCorr
  0.89PFSRX Virtus Senior FloatingPairCorr
  0.96SASVX Ridgeworth Ceredex SmallPairCorr
  0.92PXIIX Virtus Rampart EnhancedPairCorr
  0.64SAVAX Virtus Bond FundPairCorr
  0.61SAVCX Virtus Bond FundPairCorr
  0.98PXQSX Virtus Kar SmallPairCorr
  0.93SSTFX Virtus Kar CapitalPairCorr
  0.94PXSGX Virtus Kar SmallPairCorr
  0.88PGHCX Virtus High YieldPairCorr
  0.75PGIUX Virtus Global InfrasPairCorr
  0.78HIBIX Virtus Low DurationPairCorr
  0.92STCZX Ridgeworth Silvant LargePairCorr
  0.91STCAX Ridgeworth Silvant LargePairCorr
  0.92STCIX Ridgeworth Silvant LargePairCorr
  0.96STCEX Ridgeworth Ceredex SmallPairCorr
  0.86HIEMX Virtus Emerging MarketsPairCorr
  0.7PGUAX Virtus Global InfrasPairCorr
  0.74PGUCX Virtus Global InfrasPairCorr
  0.86STITX Ridgeworth InternationalPairCorr
  0.77HIMZX Virtus Low DurationPairCorr
  0.88PHCHX Virtus High YieldPairCorr
  0.86PHCIX Virtus High YieldPairCorr
  0.78STTBX Ridgeworth Seix InvePairCorr
  0.9SCATX Ridgeworth InnovativePairCorr
  0.94STVZX Ridgeworth Ceredex LargePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Kar 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 Kar'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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