Virtus Kar Correlations

SSTFX Fund

USD 11.24 0.01 0.09%

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 World Market Map 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 census.

Moving together with Virtus Mutual Fund

0.89	VMSAX	Vanguard Multi Sector	Pair Corr
0.86	VMSSX	Virtus Multi Sector	Pair Corr
0.91	HYIZX	Ridgeworth Seix High	Pair Corr
0.98	SAGAX	Ridgeworth Innovative	Pair Corr
0.91	HYPSX	Ridgeworth Seix High	Pair Corr
0.91	SAMBX	Ridgeworth Seix Floating	Pair Corr
0.91	SAMHX	Ridgeworth Seix High	Pair Corr
0.81	SSAGX	Virtus Seix Government	Pair Corr
0.96	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.79	PXCZX	Virtus Tax Exempt	Pair Corr
0.94	PFSRX	Virtus Senior Floating	Pair Corr
0.92	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.94	PXIIX	Virtus Rampart Enhanced	Pair Corr
0.71	SAVAX	Virtus Bond Fund	Pair Corr
0.69	SAVCX	Virtus Bond Fund	Pair Corr
0.71	SAVYX	Virtus Bond Fund	Pair Corr
0.97	PXQSX	Virtus Kar Small	Pair Corr
0.93	PXSGX	Virtus Kar Small	Pair Corr
0.92	PGHCX	Virtus High Yield	Pair Corr
0.94	PGICX	Virtus Rampart Enhanced	Pair Corr
0.82	PGIUX	Virtus Global Infras	Pair Corr
0.84	HIBIX	Virtus Low Duration	Pair Corr
0.96	STCZX	Ridgeworth Silvant Large	Pair Corr
0.96	STCAX	Ridgeworth Silvant Large	Pair Corr
0.96	STCIX	Ridgeworth Silvant Large	Pair Corr
0.92	STCEX	Ridgeworth Ceredex Small	Pair Corr
0.97	HIEMX	Virtus Emerging Markets	Pair Corr
0.79	PGUAX	Virtus Global Infras	Pair Corr
0.81	PGUCX	Virtus Global Infras	Pair Corr
0.97	STITX	Ridgeworth International	Pair Corr
0.84	HIMZX	Virtus Low Duration	Pair Corr
0.93	PHCHX	Virtus High Yield	Pair Corr
0.91	PHCIX	Virtus High Yield	Pair Corr
0.85	STTBX	Ridgeworth Seix Inve	Pair Corr

Related Correlations Analysis

	NWWOX	VDRRX	SISIX	VVERX	VDTIX	VMSAX	VMSRX	HYIZX	VMVRX
NWWOX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NWWOX
VDRRX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	VDRRX
SISIX	0.0	0.0		0.86	0.0	0.9	0.0	0.9	0.0	SISIX
VVERX	0.0	0.0	0.86		0.0	0.92	0.0	0.93	0.0	VVERX
VDTIX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	VDTIX
VMSAX	0.0	0.0	0.9	0.92	0.0		0.0	0.99	0.0	VMSAX
VMSRX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	VMSRX
HYIZX	0.0	0.0	0.9	0.93	0.0	0.99	0.0		0.0	HYIZX
VMVRX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		VMVRX
	NWWOX	VDRRX	SISIX	VVERX	VDTIX	VMSAX	VMSRX	HYIZX	VMVRX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

HYIZX	+ 0.99	VMSAX
HYIZX	+ 0.93	VVERX
VMSAX	+ 0.92	VVERX
VMSAX	+ 0.9	SISIX
HYIZX	+ 0.9	SISIX
VVERX	+ 0.86	SISIX

High negative correlations

VMVRX	- 0.0	HYIZX
VMVRX	- 0.0	VMSRX
HYIZX	- 0.0	VMSRX
VMVRX	- 0.0	VMSAX
VMSRX	- 0.0	VMSAX
VMVRX	- 0.0	VDTIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NWWOX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VDRRX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SISIX	0.09	0.00	(0.85)	0.19	0.00	(0.14)	0.28	(0.19)	0.65
VVERX	0.89	0.09	0.08	0.22	0.80	(1.08)	2.29	(1.75)	6.98
VDTIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VMSAX	0.13	0.04	(0.42)	0.52	0.00	(0.17)	0.34	(0.17)	0.85
VMSRX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HYIZX	0.17	0.05	(0.28)	0.51	0.00	(0.25)	0.64	(0.25)	1.05
VMVRX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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