Victory Floating Correlations

RSFLX Fund

USD 7.83 0.03 0.38%

The current 90-days correlation between Victory Floating Rate and The Hartford Inflation is 0.07 (i.e., Significant diversification). The correlation of Victory Floating 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 Floating Correlation With Market

Average diversification

The correlation between Victory Floating Rate and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Floating Rate 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 Floating Rate. 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 bureau of economic analysis.

Moving together with Victory Mutual Fund

0.67	UINQX	Usaa Nasdaq 100	Pair Corr
0.77	SRVEX	Victory Diversified Stock	Pair Corr
0.66	UITBX	Intermediate Term Bond	Pair Corr
0.63	UITCX	Usaa Intermediate Term	Pair Corr
0.76	UITIX	Usaa Tax Exempt	Pair Corr
0.74	GUTEX	Victory Tax Exempt	Pair Corr
0.77	ULTIX	Usaa Tax Exempt	Pair Corr
0.75	MNNAX	Victory Munder Multi	Pair Corr
0.75	IPFIX	Victory Incore	Pair Corr
0.88	RSDYX	Victory Incore Low	Pair Corr
0.99	RSFYX	Victory Floating Rate	Pair Corr
0.7	RSGGX	Victory Rs Global	Pair Corr
0.64	RSGRX	Victory Rs Growth	Pair Corr
0.98	RSFCX	Victory Floating Rate	Pair Corr
0.99	RSFMX	Victory Floating Rate	Pair Corr

Moving against Victory Mutual Fund

0.48	SSGSX	Victory Sycamore Small	Pair Corr
0.42	RPPRX	Victory Rs Partners	Pair Corr
0.35	MMIJX	Victory Integrity Mid	Pair Corr
0.32	MMMSX	Victory Integrity	Pair Corr
0.43	RSPFX	Victory Rs Partners	Pair Corr
0.42	RSPMX	Victory Rs Partners	Pair Corr
0.42	RSPYX	Victory Rs Partners	Pair Corr
0.38	RSMOX	Victory Rs Mid	Pair Corr

Related Correlations Analysis

	HIPAX	GMQPX	GFIRX	RYIFX	AUNTX	HIPFX	LFTAX
HIPAX		0.68	0.68	0.72	0.8	0.98	0.67	HIPAX
GMQPX	0.68		1.0	0.89	0.88	0.76	0.94	GMQPX
GFIRX	0.68	1.0		0.89	0.88	0.75	0.94	GFIRX
RYIFX	0.72	0.89	0.89		0.83	0.77	0.9	RYIFX
AUNTX	0.8	0.88	0.88	0.83		0.84	0.88	AUNTX
HIPFX	0.98	0.76	0.75	0.77	0.84		0.75	HIPFX
LFTAX	0.67	0.94	0.94	0.9	0.88	0.75		LFTAX
	HIPAX	GMQPX	GFIRX	RYIFX	AUNTX	HIPFX	LFTAX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Floating 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 Floating'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
HIPAX	0.11	0.00	(0.40)	(0.12)	0.08	(0.15)	0.19	(0.19)	0.67
GMQPX	0.36	0.05	0.03	0.18	0.36	(0.41)	0.87	(0.64)	2.28
GFIRX	0.36	0.05	0.03	0.18	0.35	(0.41)	0.89	(0.57)	2.43
RYIFX	0.57	0.04	0.02	0.11	0.67	(0.61)	1.23	(1.21)	4.42
AUNTX	0.09	0.02	(0.41)	1.10	0.00	(0.15)	0.19	(0.09)	0.56
HIPFX	0.10	0.00	(0.40)	0.06	0.03	(0.14)	0.19	(0.19)	0.56
LFTAX	0.36	0.09	0.07	0.51	0.26	(0.41)	0.76	(0.66)	2.76

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