Victory Integrity Correlations

Mutual Funds . USA . 
Fund . Victory Integrity Mid Cap
MCIMX Fund  USD 23.08  0.01  0.04%   
The current 90-days correlation between Victory Integrity Mid and Victory Rs International is 0.59 (i.e., Very weak diversification). The correlation of Victory Integrity 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 Integrity Correlation With Market

Good diversification

The correlation between Victory Integrity Mid Cap and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Integrity Mid Cap 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 Integrity Mid Cap. 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 population.

Moving together with Victory Mutual Fund

  0.91GUBGX Victory Rs InternationalPairCorr
  0.96GUHYX Victory High YieldPairCorr
  0.99GETGX Victory Sycamore EstPairCorr
  0.99MMEYX Victory IntegrityPairCorr
  0.98MNNCX Victory Munder MultiPairCorr
  0.98MNNYX Victory Munder MultiPairCorr
  0.96RSEJX Victory Rs SmallPairCorr
  0.91RSIRX Victory Rs InternationalPairCorr
  0.96RSSRX Victory Rs SelectPairCorr
  0.96VSOIX Victory Sycamore SmallPairCorr
  0.99VSORX Victory Sycamore SmallPairCorr
  0.99VSOYX Victory Sycamore SmallPairCorr
  0.97MRIMX Victory Integrity MidPairCorr
  0.95MRVSX Victory Integrity SmallPairCorr
  1.0MAISX Victory IntegrityPairCorr
  0.94MAIRX Victory TrivalentPairCorr
  0.96MASCX Victory Munder SmallPairCorr
  0.94MSSIX Victory TrivalentPairCorr
  0.98VDSIX Victory Diversified StockPairCorr
  0.7REMKX Victory Sophus EmergingPairCorr
  0.98VDSRX Victory Diversified StockPairCorr
  0.98VDSYX Victory Diversified StockPairCorr
  0.96VEVIX Victory Sycamore EstPairCorr
  0.99VEVYX Victory Sycamore EstPairCorr
  0.99VEVRX Victory Sycamore EstPairCorr
  0.64VFFIX Victory IncorePairCorr
  0.66VFFRX Victory IncorePairCorr
  0.97RGGCX Victory Rs GlobalPairCorr
  0.97RGGKX Victory Rs GlobalPairCorr
  0.97RGGRX Victory Rs GlobalPairCorr
  0.97MUXRX Victory Sp 500PairCorr
  0.97RGWCX Victory Rs GrowthPairCorr
  0.99MVSSX Victory Integrity SmallPairCorr

Moving against Victory Mutual Fund

  0.34RETCX Victory Tax ExemptPairCorr

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 Integrity 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 Integrity'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 
(0.59)
 1.28 
(1.32)
 3.25 
GUHYX  0.15  0.07 (0.27)(3.14) 0.00 
(0.30)
 0.55 
(0.18)
 1.11 
GETGX  0.67  0.16  0.00 (0.91) 0.68 
(0.78)
 1.90 
(1.20)
 5.01 
MMEYX  0.98  0.33  0.15 (1.72) 0.88 
(1.13)
 2.58 
(1.76)
 6.07 
MNNCX  0.66  0.28  0.13 (2.00) 0.55 
(0.73)
 2.04 
(1.29)
 4.67 
MNNYX  0.66  0.28  0.13 (2.04) 0.54 
(0.73)
 2.06 
(1.29)
 4.72 
GGIFX  0.09  0.00 (0.71) 0.07  0.05 
(0.15)
 0.15 
(0.15)
 0.59 
RSEJX  0.94  0.09  0.09  0.21  0.82 
(1.04)
 2.49 
(1.76)
 6.22 
RSIRX  0.55  0.17  0.03 (2.25) 0.54 
(0.59)
 1.30 
(1.28)
 3.32 
RSHCX  0.20 (0.03) 0.00 (0.91) 0.00 
 0.00 
 0.44 
(0.55)
 1.77 

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