Virtus Senior Correlations

Mutual Funds . USA . 
Fund . Virtus Senior Floating
PSFIX Fund  USD 8.63  0.01  0.12%   
The current 90-days correlation between Virtus Senior Floating and Vanguard Multi Sector Income is 0.27 (i.e., Modest diversification). 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

Significant diversification

The correlation between Virtus Senior Floating and DJI is 0.05 (i.e., Significant 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 gross domestic product.

Moving together with Virtus Mutual Fund

  0.96VMSAX Vanguard Multi SectorPairCorr
  0.97VMSSX Virtus Multi SectorPairCorr
  0.98HYIZX Ridgeworth Seix HighPairCorr
  0.95SAGAX Ridgeworth InnovativePairCorr
  0.98HYPSX Ridgeworth Seix HighPairCorr
  1.0SAMBX Ridgeworth Seix FloatingPairCorr
  0.98SAMHX Ridgeworth Seix HighPairCorr
  0.94SSAGX Virtus Seix GovernmentPairCorr
  0.97SAMVX Ridgeworth Ceredex MidPairCorr
  0.62SAMZX Ridgeworth Seix TotalPairCorr
  1.0PFSRX Virtus Senior FloatingPairCorr
  0.94SASVX Ridgeworth Ceredex SmallPairCorr
  0.98PXIIX Virtus Rampart EnhancedPairCorr
  0.83SAVAX Virtus Bond FundPairCorr
  0.8SAVCX Virtus Bond FundPairCorr
  0.92PXQSX Virtus Kar SmallPairCorr
  0.93SSTFX Virtus Kar CapitalPairCorr
  0.81PXSGX Virtus Kar SmallPairCorr
  0.99PGHCX Virtus High YieldPairCorr
  0.85PGIUX Virtus Global InfrasPairCorr
  0.95HIBIX Virtus Low DurationPairCorr
  0.98STCZX Ridgeworth Silvant LargePairCorr
  0.98STCAX Ridgeworth Silvant LargePairCorr
  0.98STCIX Ridgeworth Silvant LargePairCorr
  0.94STCEX Ridgeworth Ceredex SmallPairCorr
  0.92HIEMX Virtus Emerging MarketsPairCorr
  0.8PGUAX Virtus Global InfrasPairCorr
  0.84PGUCX Virtus Global InfrasPairCorr
  0.9STITX Ridgeworth InternationalPairCorr
  0.95HIMZX Virtus Low DurationPairCorr
  0.99PHCHX Virtus High YieldPairCorr
  0.98PHCIX Virtus High YieldPairCorr
  0.86STTBX Ridgeworth Seix InvePairCorr
  0.94SCATX Ridgeworth InnovativePairCorr
  0.96STVZX Ridgeworth Ceredex LargePairCorr
  0.96STVTX 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 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VMSAX  0.13  0.06 (0.45)(1.73) 0.00 
(0.17)
 0.34 
(0.17)
 0.85 
VMSSX  0.11  0.00 (0.46) 0.00  0.00 
(0.26)
 0.22 
(0.22)
 0.67 
HYIZX  0.17  0.07 (0.31)(2.43) 0.00 
(0.25)
 0.64 
(0.25)
 1.05 
SAGAX  1.11  0.45  0.25 (5.32) 0.82 
(1.34)
 3.11 
(1.95)
 7.65 
HYPSX  0.15  0.06 (0.45)(33.19) 0.00 
(0.24)
 0.65 
(0.13)
 0.95 
SAMFX  0.27  0.00 (0.36) 0.15  0.27 
(0.29)
 0.55 
(0.54)
 1.20 
SAMBX  0.11  0.06  0.00  26.87  0.00 
 0.00 
 0.41 
(0.13)
 0.80 
SAMHX  0.17  0.07 (0.32)(1.60) 0.00 
(0.28)
 0.65 
(0.25)
 1.05 
SSAGX  0.06  0.01 (1.22) 2.26  0.00 
(0.18)
 0.10 
(0.10)
 0.61 
SAMVX  0.69  0.27  0.12 (1.83) 0.57 
(0.83)
 2.17 
(1.35)
 5.41 

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