Victory Munder Correlations

Mutual Funds . USA . 
Fund . Victory Munder Mid Cap
MGOYX Fund  USD 13.33  0.06  0.45%   
The current 90-days correlation between Victory Munder Mid and Needham Aggressive Growth is -0.12 (i.e., Good 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 Mid Cap and DJI is -0.18 (i.e., Good 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 manufacturing.

Moving together with Victory Mutual Fund

  0.93GUBGX Victory Rs InternationalPairCorr
  0.97GETGX Victory Sycamore EstPairCorr
  0.99MNNYX Victory Munder MultiPairCorr
  0.93RSIRX Victory Rs InternationalPairCorr
  0.64VSOIX Victory Sycamore SmallPairCorr
  0.97VSORX Victory Sycamore SmallPairCorr
  0.97VSOYX Victory Sycamore SmallPairCorr
  0.99MRIMX Victory Integrity MidPairCorr
  0.98MAISX Victory IntegrityPairCorr
  0.97MAIRX Victory TrivalentPairCorr
  0.98MASCX Victory Munder SmallPairCorr
  0.96MSSIX Victory TrivalentPairCorr
  0.99VDSIX Victory Diversified StockPairCorr
  0.74REMKX Victory Sophus EmergingPairCorr
  0.99VDSRX Victory Diversified StockPairCorr
  0.99VDSYX Victory Diversified StockPairCorr
  0.98VEVIX Victory Sycamore EstPairCorr
  0.97VEVYX Victory Sycamore EstPairCorr
  0.67VFFRX Victory IncorePairCorr
  0.99RGGCX Victory Rs GlobalPairCorr
  0.99RGGRX Victory Rs GlobalPairCorr
  0.97GOGFX Victory Sycamore SmallPairCorr
  0.98RHYKX Victory High YieldPairCorr
  0.93RIGKX Victory Rs InternationalPairCorr
  0.98RINCX Victory Rs SciencePairCorr
  0.99MYIMX Victory Integrity MidPairCorr
  0.99GRINX Victory Diversified StockPairCorr
  0.8CBHIX Victory Cemp MarketPairCorr

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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