Virtus Alternatives Correlations

PDPAX Fund

USD 16.07 0.03 0.19%

The current 90-days correlation between Virtus Alternatives and Advent Claymore Convertible is 0.57 (i.e., Very weak diversification). The correlation of Virtus Alternatives 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 Alternatives Correlation With Market

Very weak diversification

The correlation between Virtus Alternatives Diversifie and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Alternatives Diversifie 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 Alternatives Diversifier. 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 nation.

Moving together with Virtus Mutual Fund

0.7	VMSAX	Vanguard Multi Sector	Pair Corr
0.71	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.64	SAVAX	Virtus Bond Fund	Pair Corr
0.64	SAVCX	Virtus Bond Fund	Pair Corr
0.65	SAVYX	Virtus Bond Fund	Pair Corr
0.61	PGICX	Virtus Rampart Enhanced	Pair Corr
0.92	PGIUX	Virtus Global Infras	Pair Corr
0.61	HIBIX	Virtus Low Duration	Pair Corr
0.92	PGUAX	Virtus Global Infras	Pair Corr
0.92	PGUCX	Virtus Global Infras	Pair Corr
0.61	STIGX	Ridgeworth Seix E	Pair Corr
0.62	HIMZX	Virtus Low Duration	Pair Corr
0.73	STVTX	Ridgeworth Ceredex Large	Pair Corr
0.62	SCFTX	Ridgeworth Seix High	Pair Corr

Moving against Virtus Mutual Fund

0.57	PXSGX	Virtus Kar Small	Pair Corr
0.45	PXQSX	Virtus Kar Small	Pair Corr

Related Correlations Analysis

	XAVKX	NCIDX	PCNTX	VAADX	NCV
XAVKX		0.62	0.89	0.38	0.4	XAVKX
NCIDX	0.62		0.86	0.96	0.89	NCIDX
PCNTX	0.89	0.86		0.71	0.72	PCNTX
VAADX	0.38	0.96	0.71		0.92	VAADX
NCV	0.4	0.89	0.72	0.92		NCV
	XAVKX	NCIDX	PCNTX	VAADX	NCV

Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Alternatives 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 Alternatives' 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
XAVKX	0.57	(0.03)	(0.05)	0.03	0.84	(0.54)	1.01	(1.55)	3.08
NCIDX	0.71	0.05	0.04	0.13	0.93	(0.69)	1.32	(1.79)	4.80
PCNTX	0.65	(0.01)	(0.02)	0.05	0.92	(0.62)	1.20	(1.51)	4.49
VAADX	0.68	0.07	0.06	0.15	0.87	(0.71)	1.20	(1.71)	4.60
NCV	0.66	0.04	0.03	0.13	0.81	(0.63)	1.16	(1.46)	3.39

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