Victory Sophus Correlations

RSENX Fund

USD 21.85 0.00 0.00%

The current 90-days correlation between Victory Sophus Emerging and Commonwealth Real Estate is 0.08 (i.e., Significant diversification). The correlation of Victory Sophus 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 Sophus Correlation With Market

Significant diversification

The correlation between Victory Sophus Emerging and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Sophus Emerging and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios. 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 board of governors.

Moving together with Victory Mutual Fund

0.77	UINQX	Usaa Nasdaq 100	Pair Corr
0.79	SRVEX	Victory Diversified Stock	Pair Corr
0.7	SSGSX	Victory Sycamore Small	Pair Corr
0.73	MMECX	Victory Integrity	Pair Corr
0.73	MMEAX	Victory Integrity	Pair Corr
0.61	RPPRX	Victory Rs Partners	Pair Corr
0.71	MMIJX	Victory Integrity Mid	Pair Corr
0.74	MMMMX	Victory Integrity	Pair Corr
0.69	MMMSX	Victory Integrity	Pair Corr
0.78	MNNAX	Victory Munder Multi	Pair Corr
0.75	RSDYX	Victory Incore Low	Pair Corr
0.72	RSEGX	Victory Rs Small	Pair Corr
0.73	RSDGX	Victory Rs Select	Pair Corr
0.73	RSFYX	Victory Floating Rate	Pair Corr
0.77	RSGGX	Victory Rs Global	Pair Corr
0.73	RSGFX	Victory Rs Select	Pair Corr
0.78	RSGRX	Victory Rs Growth	Pair Corr
0.72	RSFCX	Victory Floating Rate	Pair Corr
0.73	RSFMX	Victory Floating Rate	Pair Corr
0.73	RSFLX	Victory Floating Rate	Pair Corr
0.76	RSIFX	Victory Rs Science	Pair Corr
0.64	RSINX	Victory Rs Investors	Pair Corr
0.69	RSIGX	Victory Rs International	Pair Corr
0.64	RSIYX	Victory Rs Investors	Pair Corr
0.74	RSMOX	Victory Rs Mid	Pair Corr
0.8	RSNRX	Victory Global Natural	Pair Corr
0.81	RSNYX	Victory Global Natural	Pair Corr
0.61	RSPMX	Victory Rs Partners	Pair Corr
0.61	RSPYX	Victory Rs Partners	Pair Corr

Moving against Victory Mutual Fund

0.46	GUTEX	Victory Tax Exempt	Pair Corr
0.46	IPFIX	Victory Incore	Pair Corr
0.36	ULTIX	Usaa Tax Exempt	Pair Corr
0.51	RSTYX	Victory Tax Exempt	Pair Corr
0.46	UNYIX	New York Bond	Pair Corr

Related Correlations Analysis

	CNREX	PREAX	RRSCX	PNDIX	QREARX	FIKMX	HLPPX
CNREX		0.86	0.83	0.71	0.82	0.82	0.88	CNREX
PREAX	0.86		1.0	0.8	0.85	0.95	0.87	PREAX
RRSCX	0.83	1.0		0.79	0.84	0.95	0.85	RRSCX
PNDIX	0.71	0.8	0.79		0.86	0.9	0.82	PNDIX
QREARX	0.82	0.85	0.84	0.86		0.9	0.81	QREARX
FIKMX	0.82	0.95	0.95	0.9	0.9		0.9	FIKMX
HLPPX	0.88	0.87	0.85	0.82	0.81	0.9		HLPPX
	CNREX	PREAX	RRSCX	PNDIX	QREARX	FIKMX	HLPPX

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Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Sophus 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 Sophus' 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
CNREX	0.69	0.02	(0.01)	0.16	0.81	(0.69)	1.61	(1.57)	4.14
PREAX	0.56	0.14	0.00	(1.24)	0.65	(0.64)	1.39	(1.18)	3.92
RRSCX	0.54	0.13	(0.01)	(1.27)	0.57	(0.55)	1.45	(1.14)	3.70
PNDIX	0.04	0.02	0.00	10.47	0.00	0.00	0.10	0.00	0.20
QREARX	0.03	0.00	(1.40)	0.84	0.00	(0.03)	0.07	(0.06)	0.57
FIKMX	0.21	0.07	(0.19)	(1.59)	0.00	(0.27)	0.43	(0.42)	1.80
HLPPX	0.58	0.00	(0.05)	0.12	0.92	(0.58)	1.33	(1.77)	4.23

Victory Sophus Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Victory Sophus mutual fund to make a market-neutral strategy. Peer analysis of Victory Sophus could also be used in its relative valuation, which is a method of valuing Victory Sophus by comparing valuation metrics with similar companies.

Commonwealth Real Estate Pace Global Real Global Real Estate Pender Real Estate Teachers Insurance And Fidelity Real Estate Rems Real Estate American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

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