Victory Munder Correlations

Mutual Funds . USA . 
Fund . Victory Munder Small
MASCX Fund  USD 12.68  0.32  2.46%   
The current 90-days correlation between Victory Munder Small and Barings Global Floating is 0.22 (i.e., Modest diversification). The correlation of Victory Munder 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 Munder Correlation With Market

Good diversification

The correlation between Victory Munder Small and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Munder Small and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Victory Munder Small. 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 Victory Mutual Fund

  0.95GUBGX Victory Rs InternationalPairCorr
  0.61GUHYX Victory High YieldPairCorr
  0.62MMEYX Victory IntegrityPairCorr
  0.62MNNCX Victory Munder MultiPairCorr
  0.98MNNYX Victory Munder MultiPairCorr
  0.97RSEJX Victory Rs SmallPairCorr
  0.76RSIRX Victory Rs InternationalPairCorr
  0.9RSPKX Victory Rs PartnersPairCorr
  0.97RSSRX Victory Rs SelectPairCorr
  0.93VSORX Victory Sycamore SmallPairCorr
  0.95MRIMX Victory Integrity MidPairCorr
  0.91MRVSX Victory Integrity SmallPairCorr
  0.98MAIRX Victory TrivalentPairCorr
  0.66MSSIX Victory TrivalentPairCorr
  0.62VDSIX Victory Diversified StockPairCorr
  0.98VDSRX Victory Diversified StockPairCorr
  0.98VDSYX Victory Diversified StockPairCorr
  0.95MCIMX Victory Integrity MidPairCorr
  0.67VFFRX Victory IncorePairCorr
  0.98RGGCX Victory Rs GlobalPairCorr
  0.98RGGKX Victory Rs GlobalPairCorr
  0.98RGGRX Victory Rs GlobalPairCorr
  0.98MUXRX Victory Sp 500PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Munder 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 Munder'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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