Victory Incore Correlations

RSDYX Fund

USD 9.92 0.02 0.20%

The current 90-days correlation between Victory Incore Low and Income Fund Income is 0.64 (i.e., Poor diversification). The correlation of Victory Incore 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 Incore Correlation With Market

Good diversification

The correlation between Victory Incore Low and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Incore Low 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 Incore Low. 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

0.84

IPFIX

Victory Incore

Pair Corr

Moving against Victory Mutual Fund

0.65	SSGSX	Victory Sycamore Small	Pair Corr
0.64	RSDGX	Victory Rs Select	Pair Corr
0.63	RSEGX	Victory Rs Small	Pair Corr
0.58	MMECX	Victory Integrity	Pair Corr
0.57	MMMSX	Victory Integrity	Pair Corr
0.55	MMEAX	Victory Integrity	Pair Corr
0.55	RPPRX	Victory Rs Partners	Pair Corr
0.55	MMMMX	Victory Integrity	Pair Corr
0.53	MMIJX	Victory Integrity Mid	Pair Corr
0.51	SSVSX	Victory Special Value	Pair Corr
0.48	RSGGX	Victory Rs Global	Pair Corr
0.47	UINQX	Usaa Nasdaq 100	Pair Corr
0.43	SRVEX	Victory Diversified Stock	Pair Corr
0.42	MNNAX	Victory Munder Multi	Pair Corr
0.38	ULTIX	Usaa Tax Exempt	Pair Corr
0.34	GUTEX	Victory Tax Exempt	Pair Corr
0.31	UITIX	Usaa Tax Exempt	Pair Corr
0.31	SBALX	Victory Strategic	Pair Corr
0.72	RSMMX	Victory Rs Small	Pair Corr
0.64	RSGFX	Victory Rs Select	Pair Corr
0.64	RSSYX	Victory Rs Select	Pair Corr
0.63	RSYEX	Victory Rs Small	Pair Corr
0.61	VSCVX	Victory Integrity Small	Pair Corr
0.61	VSVIX	Victory Integrity Small	Pair Corr
0.56	RSPFX	Victory Rs Partners	Pair Corr
0.56	RSPMX	Victory Rs Partners	Pair Corr
0.56	RSPYX	Victory Rs Partners	Pair Corr
0.54	RSIFX	Victory Rs Science	Pair Corr
0.53	RSINX	Victory Rs Investors	Pair Corr
0.49	RSIYX	Victory Rs Investors	Pair Corr
0.49	RSVAX	Victory Rs Value	Pair Corr

Related Correlations Analysis

	UINCX	UINQX	SRVEX	UITBX	UITCX	UITIX	GUTEX	SSGSX	SBALX	SSVSX
UINCX		-0.21	-0.19	0.79	0.92	0.56	0.58	0.08	0.29	0.26	UINCX
UINQX	-0.21		0.99	-0.3	-0.33	0.49	0.42	0.88	0.12	0.11	UINQX
SRVEX	-0.19	0.99		-0.25	-0.3	0.49	0.39	0.88	0.09	0.07	SRVEX
UITBX	0.79	-0.3	-0.25		0.85	0.36	0.31	-0.16	0.04	-0.04	UITBX
UITCX	0.92	-0.33	-0.3	0.85		0.35	0.37	-0.18	0.1	0.0	UITCX
UITIX	0.56	0.49	0.49	0.36	0.35		0.93	0.71	0.38	0.4	UITIX
GUTEX	0.58	0.42	0.39	0.31	0.37	0.93		0.65	0.42	0.47	GUTEX
SSGSX	0.08	0.88	0.88	-0.16	-0.18	0.71	0.65		0.31	0.36	SSGSX
SBALX	0.29	0.12	0.09	0.04	0.1	0.38	0.42	0.31		0.95	SBALX
SSVSX	0.26	0.11	0.07	-0.04	0.0	0.4	0.47	0.36	0.95		SSVSX
	UINCX	UINQX	SRVEX	UITBX	UITCX	UITIX	GUTEX	SSGSX	SBALX	SSVSX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SRVEX	+ 0.99	UINQX
SSVSX	+ 0.95	SBALX
GUTEX	+ 0.93	UITIX
UITCX	+ 0.92	UINCX
SSGSX	+ 0.88	UINQX
SSGSX	+ 0.88	SRVEX

High negative correlations

UITCX	- 0.33	UINQX
UITCX	- 0.3	SRVEX
UITBX	- 0.3	UINQX
UITBX	- 0.25	SRVEX
UINQX	- 0.21	UINCX
SRVEX	- 0.19	UINCX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Incore 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 Incore'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
UINCX	0.27	(0.01)	0.12	0.16	0.35	(0.28)	0.52	(0.53)	1.83
UINQX	1.55	0.07	0.02	0.00	2.37	(1.43)	2.62	(3.82)	16.19
SRVEX	1.30	0.06	0.03	0.00	1.93	(1.27)	2.23	(2.85)	12.79
UITBX	0.28	0.02	0.19	(3.57)	0.32	(0.30)	0.66	(0.44)	1.86
UITCX	0.29	0.00	0.15	(0.10)	0.34	(0.30)	0.55	(0.55)	1.85
UITIX	0.31	(0.03)	0.00	0.13	0.00	0.00	0.56	(0.64)	4.48
GUTEX	0.48	(0.05)	0.00	0.16	0.00	0.00	0.85	(1.20)	6.99
SSGSX	1.23	(0.04)	0.00	(0.09)	0.00	0.00	2.31	(2.30)	12.65
SBALX	1.39	(0.63)	0.00	4.97	0.00	0.00	1.23	(1.65)	6.02
SSVSX	2.59	(1.32)	0.00	4.46	0.00	0.00	2.04	(3.26)	12.23

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