Victory Munder Correlations

Mutual Funds . USA . 
Fund . Victory Munder Mid Cap
MGOAX Fund  USD 8.95  0.03  0.34%   
The current 90-days correlation between Victory Munder Mid and Fundamental Large Cap is 0.87 (i.e., Very poor 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

Very poor diversification

The correlation between Victory Munder Mid Cap and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Munder 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 Munder 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 nation.

Moving together with Victory Mutual Fund

  0.99UINQX Usaa Nasdaq 100PairCorr
  0.99SRVEX Victory Diversified StockPairCorr
  0.7UITBX Intermediate Term BondPairCorr
  0.69UITCX Usaa Intermediate TermPairCorr
  0.81UITIX Usaa Tax ExemptPairCorr
  0.97SSGSX Victory Sycamore SmallPairCorr
  0.89SBFCX Victory Incore InvestmentPairCorr
  0.92SBFMX Victory PortfoliosPairCorr
  0.98MMECX Victory IntegrityPairCorr
  0.98MMEAX Victory IntegrityPairCorr
  0.96RPPRX Victory Rs PartnersPairCorr
  0.99MMIJX Victory Integrity MidPairCorr
  0.98MMMMX Victory IntegrityPairCorr
  0.98MMMSX Victory IntegrityPairCorr
  0.99MNNAX Victory Munder MultiPairCorr
  0.88RSDYX Victory Incore LowPairCorr
  0.75RSENX Victory Sophus EmergingPairCorr
  0.99RSEGX Victory Rs SmallPairCorr
  0.99RSDGX Victory Rs SelectPairCorr
  0.92RSFYX Victory Floating RatePairCorr
  0.99RSGGX Victory Rs GlobalPairCorr
  0.99RSGFX Victory Rs SelectPairCorr
  0.99RSGRX Victory Rs GrowthPairCorr
  0.91RSFCX Victory Floating RatePairCorr
  0.92RSFMX Victory Floating RatePairCorr
  0.92RSFLX Victory Floating RatePairCorr
  0.98RSIFX Victory Rs SciencePairCorr
  0.97RSINX Victory Rs InvestorsPairCorr
  0.93RSIGX Victory Rs InternationalPairCorr
  0.97RSIYX Victory Rs InvestorsPairCorr
  0.98RSMOX Victory Rs MidPairCorr
  0.96RSPFX Victory Rs PartnersPairCorr
  0.96RSNRX Victory Global NaturalPairCorr
  0.97RSNYX Victory Global NaturalPairCorr
  0.96RSPMX Victory Rs PartnersPairCorr
  0.96RSPYX Victory Rs PartnersPairCorr

Moving against Victory Mutual Fund

  0.44IPFIX Victory IncorePairCorr

Related Correlations Analysis

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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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