Virtus Kar Correlations

Mutual Funds . USA . 
Fund . Virtus Kar Small Cap
PSGCX Fund  USD 21.86  0.23  1.04%   
The current 90-days correlation between Virtus Kar Small and Virtus Kar Small Cap is 1.0 (i.e., No risk reduction). 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

  0.71VMSAX Vanguard Multi SectorPairCorr
  0.69VMSSX Virtus Multi SectorPairCorr
  0.74HYIZX Ridgeworth Seix HighPairCorr
  0.89SAGAX Ridgeworth InnovativePairCorr
  0.74HYPSX Ridgeworth Seix HighPairCorr
  0.77SAMBX Ridgeworth Seix FloatingPairCorr
  0.74SAMHX Ridgeworth Seix HighPairCorr
  0.64SSAGX Virtus Seix GovernmentPairCorr
  0.86SAMVX Ridgeworth Ceredex MidPairCorr
  0.65PXCZX Virtus Tax ExemptPairCorr
  0.81PFSRX Virtus Senior FloatingPairCorr
  0.84SASVX Ridgeworth Ceredex SmallPairCorr
  0.86PXIIX Virtus Rampart EnhancedPairCorr
  0.96PXQSX Virtus Kar SmallPairCorr
  0.93SSTFX Virtus Kar CapitalPairCorr
  1.0PXSGX Virtus Kar SmallPairCorr
  0.77PGHCX Virtus High YieldPairCorr
  0.86PGICX Virtus Rampart EnhancedPairCorr
  0.69PGIUX Virtus Global InfrasPairCorr
  0.65HIBIX Virtus Low DurationPairCorr
  0.84STCZX Ridgeworth Silvant LargePairCorr
  0.83STCAX Ridgeworth Silvant LargePairCorr
  0.85STCIX Ridgeworth Silvant LargePairCorr
  0.84STCEX Ridgeworth Ceredex SmallPairCorr
  0.87HIEMX Virtus Emerging MarketsPairCorr
  0.69PGUAX Virtus Global InfrasPairCorr
  0.69PGUCX Virtus Global InfrasPairCorr
  0.89STITX Ridgeworth InternationalPairCorr
  0.65HIMZX Virtus Low DurationPairCorr
  0.79PHCHX Virtus High YieldPairCorr
  0.76PHCIX Virtus High YieldPairCorr
  0.71STTBX 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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