Virtus Kar Correlations

Mutual Funds USA . 
Fund . Virtus Kar Capital
PLXGX Fund  USD 22.87  0.01  0.04%   
The current 90-days correlation between Virtus Kar Capital and Mid Cap Growth is -0.03 (i.e., Good 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 Capital and DJI is 0.87 (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 Capital 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 Capital. 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 price.

Moving together with Virtus Mutual Fund

  0.89VMSAX Vanguard Multi SectorPairCorr
  0.87VMSSX Virtus Multi SectorPairCorr
  0.91HYIZX Ridgeworth Seix HighPairCorr
  0.97SAGAX Ridgeworth InnovativePairCorr
  0.91HYPSX Ridgeworth Seix HighPairCorr
  0.92SAMBX Ridgeworth Seix FloatingPairCorr
  0.91SAMHX Ridgeworth Seix HighPairCorr
  0.82SSAGX Virtus Seix GovernmentPairCorr
  0.96SAMVX Ridgeworth Ceredex MidPairCorr
  0.79PXCZX Virtus Tax ExemptPairCorr
  0.94PFSRX Virtus Senior FloatingPairCorr
  0.91SASVX Ridgeworth Ceredex SmallPairCorr
  0.95PXIIX Virtus Rampart EnhancedPairCorr
  0.72SAVAX Virtus Bond FundPairCorr
  0.7SAVCX Virtus Bond FundPairCorr
  0.73SAVYX Virtus Bond FundPairCorr
  0.97PXQSX Virtus Kar SmallPairCorr
  1.0SSTFX Virtus Kar CapitalPairCorr
  0.93PXSGX Virtus Kar SmallPairCorr
  0.92PGHCX Virtus High YieldPairCorr
  0.95PGICX Virtus Rampart EnhancedPairCorr
  0.82PGIUX Virtus Global InfrasPairCorr
  0.84HIBIX Virtus Low DurationPairCorr
  0.96STCZX Ridgeworth Silvant LargePairCorr
  0.96STCAX Ridgeworth Silvant LargePairCorr
  0.94STCIX Ridgeworth Silvant LargePairCorr
  0.92STCEX Ridgeworth Ceredex SmallPairCorr
  0.97HIEMX Virtus Emerging MarketsPairCorr
  0.77PGUAX Virtus Global InfrasPairCorr
  0.81PGUCX Virtus Global InfrasPairCorr
  0.97STITX Ridgeworth InternationalPairCorr
  0.84HIMZX Virtus Low DurationPairCorr
  0.94PHCHX Virtus High YieldPairCorr
  0.91PHCIX Virtus High YieldPairCorr
  0.85STTBX 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 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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