Victory Rs Correlations

Mutual Funds USA . 
Fund . Victory Rs Global
RGGKX Fund  USD 32.94  0.04  0.12%   
The current 90-days correlation between Victory Rs Global and Victory Rs International is 0.74 (i.e., Poor diversification). The correlation of Victory Rs 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 Rs Correlation With Market

Very poor diversification

The correlation between Victory Rs Global and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Rs Global and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Victory Rs Global. 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 industry.

Moving together with Victory Mutual Fund

  0.95GUBGX Victory Rs InternationalPairCorr
  0.98GUHYX Victory High YieldPairCorr
  0.95GETGX Victory Sycamore EstPairCorr
  0.97MMEYX Victory IntegrityPairCorr
  1.0MNNCX Victory Munder MultiPairCorr
  1.0MNNYX Victory Munder MultiPairCorr
  0.62GGIFX Victory IncorePairCorr
  0.99RSEJX Victory Rs SmallPairCorr
  0.95RSIRX Victory Rs InternationalPairCorr
  0.99RSSRX Victory Rs SelectPairCorr
  0.96VSOIX Victory Sycamore SmallPairCorr
  0.96VSORX Victory Sycamore SmallPairCorr
  0.96VSOYX Victory Sycamore SmallPairCorr
  0.98MRIMX Victory Integrity MidPairCorr
  0.94MRVSX Victory Integrity SmallPairCorr
  0.97MAISX Victory IntegrityPairCorr
  0.99MAIRX Victory TrivalentPairCorr
  0.99MASCX Victory Munder SmallPairCorr
  0.98MSSIX Victory TrivalentPairCorr
  1.0VDSIX Victory Diversified StockPairCorr
  0.77REMKX Victory Sophus EmergingPairCorr
  1.0VDSRX Victory Diversified StockPairCorr
  1.0VDSYX Victory Diversified StockPairCorr
  0.95VEVIX Victory Sycamore EstPairCorr
  0.95VEVYX Victory Sycamore EstPairCorr
  0.95VEVRX Victory Sycamore EstPairCorr
  0.62MUCRX Victory Incore TotalPairCorr
  0.67VFFIX Victory IncorePairCorr
  0.69VFFRX Victory IncorePairCorr
  1.0RGGCX Victory Rs GlobalPairCorr
  1.0RGGRX Victory Rs GlobalPairCorr
  1.0MUXRX Victory Sp 500PairCorr
  1.0RGWCX Victory Rs GrowthPairCorr

Moving against Victory Mutual Fund

  0.32RETCX Victory Tax ExemptPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Rs 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 Rs' 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  0.11  0.04  0.39  0.56 
(0.59)
 1.28 
(1.32)
 3.25 
GUHYX  0.15  0.05 (0.25) 0.52  0.00 
(0.30)
 0.55 
(0.18)
 1.11 
GETGX  0.67  0.03  0.01  0.17  0.68 
(0.78)
 1.90 
(1.20)
 5.01 
MMEYX  0.98  0.17  0.15  0.29  0.88 
(1.13)
 2.58 
(1.76)
 6.07 
MNNCX  0.66  0.14  0.13  0.28  0.55 
(0.73)
 2.04 
(1.29)
 4.67 
MNNYX  0.66  0.14  0.14  0.29  0.54 
(0.73)
 2.06 
(1.29)
 4.72 
GGIFX  0.09  0.00 (0.69)(0.93) 0.05 
(0.15)
 0.15 
(0.15)
 0.59 
RSEJX  0.94  0.10  0.09  0.22  0.80 
(1.04)
 2.49 
(1.76)
 6.22 
RSIRX  0.55  0.11  0.04  0.40  0.54 
(0.59)
 1.30 
(1.28)
 3.32 
RSHCX  0.20 (0.04) 0.00 (1.01) 0.00 
 0.00 
 0.44 
(0.55)
 1.77 

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