Virtus Kar Correlations

Mutual Funds . USA . 
Fund . Virtus Kar Mid Cap
VMACX Fund  USD 59.81  0.14  0.23%   
The current 90-days correlation between Virtus Kar Mid and Virtus Kar Small Cap is 0.92 (i.e., Almost no 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 -0.01 (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

  0.68VMSAX Vanguard Multi SectorPairCorr
  0.71HYIZX Ridgeworth Seix HighPairCorr
  0.9SAGAX Ridgeworth InnovativePairCorr
  0.79HYPSX Ridgeworth Seix HighPairCorr
  0.84SAMBX Ridgeworth Seix FloatingPairCorr
  0.8SAMHX Ridgeworth Seix HighPairCorr
  0.94SAMVX Ridgeworth Ceredex MidPairCorr
  0.64SASVX Ridgeworth Ceredex SmallPairCorr
  0.64PXIIX Virtus Rampart EnhancedPairCorr
  0.99PXQSX Virtus Kar SmallPairCorr
  0.95SSTFX Virtus Kar CapitalPairCorr
  0.94PXSGX Virtus Kar SmallPairCorr
  0.83PGHCX Virtus High YieldPairCorr
  0.64PGICX Virtus Rampart EnhancedPairCorr
  0.66PGIUX Virtus Global InfrasPairCorr
  0.71HIBIX Virtus Low DurationPairCorr
  0.63STCZX Ridgeworth Silvant LargePairCorr
  0.89STCAX Ridgeworth Silvant LargePairCorr
  0.9STCIX Ridgeworth Silvant LargePairCorr
  0.93STCEX Ridgeworth Ceredex SmallPairCorr
  0.86HIEMX Virtus Emerging MarketsPairCorr
  0.64PGUCX Virtus Global InfrasPairCorr
  0.71HIMZX Virtus Low DurationPairCorr
  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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