Virtus Senior Correlations

Mutual Funds . USA . 
Fund . Virtus Senior Floating
PSFIX Fund  USD 8.62  0.01  0.12%   
The current 90-days correlation between Virtus Senior Floating and Vy T Rowe is 0.12 (i.e., Average 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

Modest diversification

The correlation between Virtus Senior Floating and DJI is 0.29 (i.e., Modest 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

  0.77VMSSX Virtus Multi SectorPairCorr
  0.73SSAGX Virtus Seix GovernmentPairCorr
  0.61SAMVX Ridgeworth Ceredex MidPairCorr
  0.88SCETX Ridgeworth Ceredex SmallPairCorr
  0.95NARAX Virtus Multi SectorPairCorr
  0.74VRHYX Virtus High YieldPairCorr
  0.87VRSGX Virtus Kar SmallPairCorr
  0.7VAAGX Virtus Nfj LargePairCorr
  0.65VAADX Virtus ConvertiblePairCorr
  0.73SIGZX Seix Govt SecPairCorr
  0.77SIGVX Ridgeworth Seix GovePairCorr
  0.64VVERX Virtus Ceredex SmallPairCorr
  0.97VECRX Virtus Rampart EnhancedPairCorr
  0.86VIDMX Virtus Kar DevelopingPairCorr
  1.0PSFRX Virtus Senior FloatingPairCorr
  0.86PSGCX Virtus Kar SmallPairCorr
  0.97VIESX Virtus Emerging MarketsPairCorr
  0.86PSKCX Virtus Kar MidPairCorr
  0.97PSTAX Virtus Kar CapitalPairCorr
  0.85PSTCX Virtus Multi SectorPairCorr
  0.77VLPCX Virtus Select MlpPairCorr
  0.99OOSYX Oppenheimer SeniorPairCorr
  0.99OOSIX Oppenheimer SeniorPairCorr
  0.92LFRIX Floating RatePairCorr
  0.98LARCX Floating RatePairCorr
  0.92LFRRX Lord Abbett InvPairCorr
  0.98LFRFX Floating RatePairCorr
  0.93LRRRX Floating RatePairCorr
  0.98LRRTX Floating RatePairCorr
  0.98LRRVX Floating RatePairCorr
  0.99LRRKX Floating RatePairCorr
  0.66SMPIX Semiconductor UltrasectorPairCorr
  0.65SMPSX Semiconductor UltrasectorPairCorr

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.

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