Victory Incore Correlations

IPFIX Fund

USD 6.84 0.01 0.15%

The current 90-days correlation between Victory Incore and Voya Government Money is 0.08 (i.e., Significant diversification). The correlation of Victory Incore 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 Incore Correlation With Market

Modest diversification

The correlation between Victory Incore Fund and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Incore Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Victory Incore Fund. 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 against Victory Mutual Fund

0.63	UINQX	Usaa Nasdaq 100	Pair Corr
0.61	SRVEX	Victory Diversified Stock	Pair Corr
0.61	MNNAX	Victory Munder Multi	Pair Corr
0.61	RSENX	Victory Sophus Emerging	Pair Corr
0.6	MMECX	Victory Integrity	Pair Corr
0.6	MMEAX	Victory Integrity	Pair Corr
0.6	MMMMX	Victory Integrity	Pair Corr
0.6	RSGGX	Victory Rs Global	Pair Corr
0.57	RSEGX	Victory Rs Small	Pair Corr
0.57	RSDGX	Victory Rs Select	Pair Corr
0.57	RSGFX	Victory Rs Select	Pair Corr
0.55	MMIJX	Victory Integrity Mid	Pair Corr
0.55	MMMSX	Victory Integrity	Pair Corr
0.49	RPPRX	Victory Rs Partners	Pair Corr
0.47	SSGSX	Victory Sycamore Small	Pair Corr
0.47	SBFMX	Victory Portfolios	Pair Corr
0.41	SBFCX	Victory Incore Investment	Pair Corr
0.39	RSFYX	Victory Floating Rate	Pair Corr
0.66	RSNRX	Victory Global Natural	Pair Corr
0.65	RSNYX	Victory Global Natural	Pair Corr
0.64	RSMOX	Victory Rs Mid	Pair Corr
0.63	RSGRX	Victory Rs Growth	Pair Corr
0.61	RSIFX	Victory Rs Science	Pair Corr
0.57	RSIGX	Victory Rs International	Pair Corr
0.57	RSSYX	Victory Rs Select	Pair Corr
0.57	RSYEX	Victory Rs Small	Pair Corr
0.55	RSYYX	Victory High Yield	Pair Corr
0.55	RCEYX	Victory Rs Large	Pair Corr
0.54	RCOCX	Victory Rs Large	Pair Corr
0.51	RSVAX	Victory Rs Value	Pair Corr
0.51	RSVYX	Victory Rs Value	Pair Corr
0.5	RSPMX	Victory Rs Partners	Pair Corr

Related Correlations Analysis

	IVMXX	RYAQX	DVPXX	RBEXX	USGFX	PBMXX
IVMXX		0.73	0.94	0.97	0.0	1.0	IVMXX
RYAQX	0.73		0.67	0.76	-0.5	0.73	RYAQX
DVPXX	0.94	0.67		0.91	0.09	0.94	DVPXX
RBEXX	0.97	0.76	0.91		-0.07	0.97	RBEXX
USGFX	0.0	-0.5	0.09	-0.07		0.0	USGFX
PBMXX	1.0	0.73	0.94	0.97	0.0		PBMXX
	IVMXX	RYAQX	DVPXX	RBEXX	USGFX	PBMXX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PBMXX	+ 1.0	IVMXX
RBEXX	+ 0.97	IVMXX
PBMXX	+ 0.97	RBEXX
DVPXX	+ 0.94	IVMXX
PBMXX	+ 0.94	DVPXX
RBEXX	+ 0.91	DVPXX

High negative correlations

USGFX	- 0.5	RYAQX
USGFX	- 0.07	RBEXX
PBMXX	- 0.0	USGFX
USGFX	- 0.0	IVMXX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Incore 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 Incore'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
IVMXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01
RYAQX	0.76	0.06	0.04	0.56	0.66	(0.97)	1.76	(1.18)	4.53
DVPXX	0.03	0.01	0.00	1.33	0.00	0.00	0.00	0.00	1.01
RBEXX	0.03	0.01	0.00	0.69	0.00	0.00	0.00	0.00	1.01
USGFX	0.32	0.01	(0.07)	(0.21)	0.36	(0.35)	0.59	(0.59)	1.83
PBMXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01

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