Victory Cemp Correlations

CBHIX Fund  USD 8.76  0.01  0.11%   
The current 90-days correlation between Victory Cemp Market and Victory Rs International is -0.24 (i.e., Very good diversification). The correlation of Victory Cemp 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.

Victory Cemp Correlation With Market

Good diversification

The correlation between Victory Cemp Market and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Cemp Market and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Victory Cemp Market. 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 gross domestic product.

Moving together with Victory Mutual Fund

  0.84GUBGX Victory Rs InternationalPairCorr
  0.81GUHYX Victory High YieldPairCorr
  0.75GETGX Victory Sycamore EstPairCorr
  0.8MMEYX Victory IntegrityPairCorr
  0.8MNNCX Victory Munder MultiPairCorr
  0.8MNNYX Victory Munder MultiPairCorr
  0.8RSEJX Victory Rs SmallPairCorr
  0.84RSIRX Victory Rs InternationalPairCorr
  0.74RSPKX Victory Rs Partners Potential GrowthPairCorr
  0.78RSSRX Victory Rs SelectPairCorr
  0.76VSOIX Victory Sycamore SmallPairCorr
  0.76VSORX Victory Sycamore SmallPairCorr
  0.76VSOYX Victory Sycamore SmallPairCorr
  0.79MRIMX Victory Integrity MidPairCorr
  0.74MRVSX Victory Integrity SmallPairCorr
  0.78MAISX Victory IntegrityPairCorr
  0.85MAIRX Victory TrivalentPairCorr
  0.83MASCX Victory Munder SmallPairCorr
  0.85MSSIX Victory TrivalentPairCorr
  0.8VDSIX Victory Diversified StockPairCorr
  0.69REMKX Victory Sophus EmergingPairCorr
  0.8VDSRX Victory Diversified StockPairCorr
  0.8VDSYX Victory Diversified StockPairCorr
  0.76VEVIX Victory Sycamore EstPairCorr
  0.75VEVYX Victory Sycamore EstPairCorr
  0.75VEVRX Victory Sycamore EstPairCorr
  0.78MCIMX Victory Integrity MidPairCorr
  0.62VFFRX Victory IncorePairCorr
  0.83RGGCX Victory Rs GlobalPairCorr
  0.82RGGKX Victory Rs GlobalPairCorr
  0.83RGGRX Victory Rs GlobalPairCorr

Moving against Victory Mutual Fund

  0.32RETCX Victory Tax ExemptPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Cemp 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 Victory Cemp'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
GUBGX  0.55  0.17  0.03 (2.23) 0.56 
 1.28 
 3.25 
GUHYX  0.15  0.07 (0.27)(3.14) 0.00 
 0.55 
 1.11 
GETGX  0.67  0.16  0.00 (0.91) 0.68 
 1.90 
 5.01 
MMEYX  0.98  0.33  0.15 (1.72) 0.88 
 2.58 
 6.07 
MNNCX  0.66  0.28  0.13 (2.00) 0.55 
 2.04 
 4.67 
MNNYX  0.66  0.28  0.13 (2.04) 0.54 
 2.06 
 4.72 
GGIFX  0.09  0.00 (0.71) 0.07  0.05 
 0.15 
 0.59 
RSEJX  0.94  0.09  0.09  0.21  0.82 
 2.49 
 6.22 
RSIRX  0.55  0.17  0.03 (2.25) 0.54 
 1.30 
 3.32 
RSHCX  0.20 (0.03) 0.00 (0.91) 0.00 
 0.44 
 1.77