Virtus Global Correlations

PGUAX Fund

USD 14.96 0.09 0.60%

The current 90-days correlation between Virtus Global Infras and Nuveen Global Infrastructure is 0.94 (i.e., Almost no diversification). The correlation of Virtus Global 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 Global Correlation With Market

Weak diversification

The correlation between Virtus Global Infrastructure and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Global Infrastructure 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 Global Infrastructure. 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

0.86	VMSAX	Virtus Multi Strategy	Pair Corr
0.87	VMSSX	Virtus Multi Sector	Pair Corr
0.76	HYIZX	Ridgeworth Seix High	Pair Corr
0.78	HYPSX	Ridgeworth Seix High	Pair Corr
0.74	SAMHX	Ridgeworth Seix High	Pair Corr
0.65	SSAGX	Virtus Seix Government	Pair Corr
0.83	PXIIX	Virtus Rampart Enhanced	Pair Corr
0.8	PGHCX	Virtus High Yield	Pair Corr
0.83	PGICX	Virtus Rampart Enhanced	Pair Corr
1.0	PGIUX	Virtus Global Infras	Pair Corr
0.86	HIBIX	Virtus Low Duration	Pair Corr
0.68	HIEMX	Virtus Emerging Markets	Pair Corr
1.0	PGUCX	Virtus Global Infras	Pair Corr
0.88	HIMZX	Virtus Low Duration	Pair Corr
0.79	PHCHX	Virtus High Yield	Pair Corr

Related Correlations Analysis

	FGIAX	CSUAX	PGUCX	PDPAX	AIAFX
FGIAX		0.97	0.97	0.96	0.69	FGIAX
CSUAX	0.97		0.98	0.94	0.78	CSUAX
PGUCX	0.97	0.98		0.92	0.8	PGUCX
PDPAX	0.96	0.94	0.92		0.65	PDPAX
AIAFX	0.69	0.78	0.8	0.65		AIAFX
	FGIAX	CSUAX	PGUCX	PDPAX	AIAFX

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Risk-Adjusted Indicators

There is a big difference between VIRTUS Mutual Fund performing well and Virtus Global 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 Global'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
FGIAX	0.45	0.03	(0.14)	0.27	0.47	(0.49)	0.89	(0.96)	2.49
CSUAX	0.43	0.01	(0.17)	0.19	0.51	(0.45)	0.83	(1.05)	2.44
PGUCX	0.45	0.02	(0.16)	0.22	0.51	(0.49)	0.90	(0.99)	2.48
PDPAX	0.36	0.03	(0.22)	0.29	0.23	(0.55)	1.16	(0.55)	2.81
AIAFX	0.49	(0.04)	(0.24)	0.01	0.58	(0.55)	0.94	(0.98)	3.29

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Virtus Global Correlations

Virtus Global Correlation With Market

Weak diversification

Moving together with VIRTUS Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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