Victory High Correlations

Mutual Funds . USA . 
Fund . Victory High Yield
RHYKX Fund  USD 5.62  0.01  0.18%   
The current 90-days correlation between Victory High Yield and Victory Rs International is 0.33 (i.e., Weak diversification). The correlation of Victory High 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 High Correlation With Market

Poor diversification

The correlation between Victory High Yield and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory High Yield 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 High Yield. 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

  0.93GUBGX Victory Rs InternationalPairCorr
  1.0GUHYX Victory High YieldPairCorr
  0.93GETGX Victory Sycamore EstPairCorr
  0.97MMEYX Victory IntegrityPairCorr
  0.99MNNCX Victory Munder MultiPairCorr
  0.99MNNYX Victory Munder MultiPairCorr
  0.68GGIFX Victory IncorePairCorr
  0.97RSEJX Victory Rs SmallPairCorr
  0.93RSIRX Victory Rs InternationalPairCorr
  0.91RSPKX Victory Rs PartnersPairCorr
  0.98RSSRX Victory Rs SelectPairCorr
  0.95VSOIX Victory Sycamore SmallPairCorr
  0.95VSORX Victory Sycamore SmallPairCorr
  0.95VSOYX Victory Sycamore SmallPairCorr
  0.97MRIMX Victory Integrity MidPairCorr
  0.93MRVSX Victory Integrity SmallPairCorr
  0.96MAISX Victory IntegrityPairCorr
  0.98MAIRX Victory TrivalentPairCorr
  0.98MASCX Victory Munder SmallPairCorr
  0.98MSSIX Victory TrivalentPairCorr
  0.99VDSIX Victory Diversified StockPairCorr
  0.78REMKX Victory Sophus EmergingPairCorr
  0.99VDSRX Victory Diversified StockPairCorr
  0.99VDSYX Victory Diversified StockPairCorr
  0.94VEVIX Victory Sycamore EstPairCorr
  0.94VEVYX Victory Sycamore EstPairCorr
  0.94VEVRX Victory Sycamore EstPairCorr
  0.97MCIMX Victory Integrity MidPairCorr
  0.62MUCCX Victory Incore TotalPairCorr
  0.67MUCRX Victory Incore TotalPairCorr
  0.65MUCYX Victory Incore TotalPairCorr
  0.72VFFIX Victory IncorePairCorr
  0.74VFFRX Victory IncorePairCorr
  0.99RGGCX Victory Rs GlobalPairCorr
  0.99RGGKX Victory Rs GlobalPairCorr
  0.99RGGRX Victory Rs GlobalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory High 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 High'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  0.11  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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