Virtus Kar Correlations

Mutual Funds . USA . 
Fund . Virtus Kar Mid Cap
VIMCX Fund  USD 61.93  0.14  0.23%   
The current 90-days correlation between Virtus Kar Mid and Vanguard Multi Sector Income is 0.53 (i.e., Very weak 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

Good diversification

The correlation between Virtus Kar Mid Cap and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Kar Mid Cap 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 Mid 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

  0.84VMSAX Vanguard Multi SectorPairCorr
  0.81VMSSX Virtus Multi SectorPairCorr
  0.86HYIZX Ridgeworth Seix HighPairCorr
  0.94SAGAX Ridgeworth InnovativePairCorr
  0.75SSAGX Virtus Seix GovernmentPairCorr
  0.96SAMVX Ridgeworth Ceredex MidPairCorr
  0.76PXCZX Virtus Tax ExemptPairCorr
  0.91PFSRX Virtus Senior FloatingPairCorr
  0.95SASVX Ridgeworth Ceredex SmallPairCorr
  0.64SAVYX Virtus Bond FundPairCorr
  0.65SSTFX Virtus Kar CapitalPairCorr
  0.66PXSGX Virtus Kar SmallPairCorr
  0.93PGICX Virtus Rampart EnhancedPairCorr
  0.93STCZX Ridgeworth Silvant LargePairCorr
  0.92STITX Ridgeworth InternationalPairCorr
  0.89PHCHX Virtus High YieldPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 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  0.14  0.04 (0.52) 0.60  0.00 
(0.22)
 0.40 
(0.13)
 0.94 
SAMFX  0.26  0.02 (0.36)(0.48) 0.23 
(0.30)
 0.55 
(0.43)
 1.20 
SAMBX  0.10  0.05  0.00  1.53  0.00 
 0.00 
 0.40 
(0.13)
 0.80 
SAMHX  0.15  0.04 (0.47) 0.63  0.00 
(0.26)
 0.52 
(0.13)
 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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