Victory Integrity Correlations

MMIJX Fund

USD 24.97 0.11 0.44%

The current 90-days correlation between Victory Integrity Mid and Calvert Moderate Allocation is 0.85 (i.e., Very poor 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

Poor diversification

The correlation between Victory Integrity Mid Cap and DJI is 0.79 (i.e., Poor 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 inflation.

Moving together with Victory Mutual Fund

0.95	SSGSX	Victory Sycamore Small	Pair Corr
0.86	MMECX	Victory Integrity	Pair Corr
0.85	MMEAX	Victory Integrity	Pair Corr
0.88	RPPRX	Victory Rs Partners	Pair Corr
0.85	MMMMX	Victory Integrity	Pair Corr
0.96	MMMSX	Victory Integrity	Pair Corr
0.64	RSINX	Victory Rs Investors	Pair Corr
0.63	RSIYX	Victory Rs Investors	Pair Corr
0.66	RSMOX	Victory Rs Mid	Pair Corr
0.88	RSPFX	Victory Rs Partners	Pair Corr
0.88	RSPMX	Victory Rs Partners	Pair Corr
0.88	RSPYX	Victory Rs Partners	Pair Corr

Moving against Victory Mutual Fund

0.47	UITIX	Usaa Tax Exempt	Pair Corr
0.47	ULTIX	Usaa Tax Exempt	Pair Corr
0.46	RSDYX	Victory Incore Low	Pair Corr
0.45	GUTEX	Victory Tax Exempt	Pair Corr
0.4	IPFIX	Victory Incore	Pair Corr
0.4	RSFYX	Victory Floating Rate	Pair Corr
0.45	RSTYX	Victory Tax Exempt	Pair Corr
0.44	UNYIX	New York Bond	Pair Corr
0.39	RSFMX	Victory Floating Rate	Pair Corr
0.35	RSFLX	Victory Floating Rate	Pair Corr
0.32	RSFCX	Victory Floating Rate	Pair Corr

Related Correlations Analysis

	CMAAX	PBLIX	CBSYX	DFELX	BBISX	GMCQX
CMAAX		0.98	0.97	0.96	0.87	0.92	CMAAX
PBLIX	0.98		0.97	0.99	0.87	0.94	PBLIX
CBSYX	0.97	0.97		0.95	0.86	0.91	CBSYX
DFELX	0.96	0.99	0.95		0.88	0.96	DFELX
BBISX	0.87	0.87	0.86	0.88		0.95	BBISX
GMCQX	0.92	0.94	0.91	0.96	0.95		GMCQX
	CMAAX	PBLIX	CBSYX	DFELX	BBISX	GMCQX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CMAAX	0.37	0.01	(0.03)	0.07	0.43	(0.35)	0.76	(0.71)	2.15
PBLIX	0.50	0.02	0.01	0.09	0.70	(0.49)	1.02	(1.11)	3.26
CBSYX	0.35	0.03	0.00	0.12	0.35	(0.37)	0.71	(0.71)	2.04
DFELX	0.56	0.02	0.02	0.09	0.81	(0.57)	1.24	(1.17)	3.61
BBISX	0.54	0.04	0.05	0.11	0.53	(0.59)	1.25	(1.27)	3.29
GMCQX	0.65	0.06	0.06	0.12	0.85	(0.65)	1.43	(1.46)	4.18

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