Victory Sp Correlations

Mutual Funds . USA . 
Fund . Victory Sp 500
MUXRX Fund  USD 27.19  0.04  0.15%   
The current 90-days correlation between Victory Sp 500 and Victory Rs International is 0.53 (i.e., Very weak diversification). The correlation of Victory Sp 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 Sp Correlation With Market

Good diversification

The correlation between Victory Sp 500 and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Sp 500 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 Sp 500. 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 metropolitan statistical area.

Moving together with Victory Mutual Fund

  0.93GUBGX Victory Rs InternationalPairCorr
  0.98GUHYX Victory High YieldPairCorr
  0.96GETGX Victory Sycamore EstPairCorr
  0.98MMEYX Victory IntegrityPairCorr
  1.0MNNCX Victory Munder MultiPairCorr
  1.0MNNYX Victory Munder MultiPairCorr
  0.99RSEJX Victory Rs SmallPairCorr
  0.93RSIRX Victory Rs InternationalPairCorr
  0.94RSPKX Victory Rs Partners Potential GrowthPairCorr
  0.99RSSRX Victory Rs SelectPairCorr
  0.96VSOIX Victory Sycamore SmallPairCorr
  0.97VSORX Victory Sycamore SmallPairCorr
  0.97VSOYX Victory Sycamore SmallPairCorr
  0.98MRIMX Victory Integrity MidPairCorr
  0.95MRVSX Victory Integrity SmallPairCorr
  0.98MAISX Victory IntegrityPairCorr
  0.97MAIRX Victory TrivalentPairCorr
  0.99MASCX Victory Munder SmallPairCorr
  0.97MSSIX Victory TrivalentPairCorr
  1.0VDSIX Victory Diversified StockPairCorr
  0.76REMKX Victory Sophus EmergingPairCorr
  1.0VDSRX Victory Diversified StockPairCorr
  1.0VDSYX Victory Diversified StockPairCorr
  0.96VEVIX Victory Sycamore EstPairCorr
  0.96VEVYX Victory Sycamore EstPairCorr
  0.96VEVRX Victory Sycamore EstPairCorr
  0.98MCIMX Victory Integrity MidPairCorr
  0.66VFFIX Victory IncorePairCorr
  0.67VFFRX Victory IncorePairCorr
  1.0RGGCX Victory Rs GlobalPairCorr
  1.0RGGKX Victory Rs GlobalPairCorr
  1.0RGGRX Victory Rs GlobalPairCorr

Moving against Victory Mutual Fund

  0.32RETCX 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 Sp 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 Sp'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  0.27  0.09 (1.17) 0.80 
(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 (16.56) 0.00 
 0.00 
 0.44 
(0.55)
 1.77 

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