Victory Floating Correlations

Mutual Funds . USA . 
Fund . Victory Floating Rate
RSFLX Fund  USD 7.96  0.01  0.13%   
The current 90-days correlation between Victory Floating Rate and Live Oak Health is 0.31 (i.e., Weak 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

Good diversification

The correlation between Victory Floating Rate and DJI is -0.02 (i.e., Good 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

  0.61UINCX Income Fund IncomePairCorr
  0.92UINQX Usaa Nasdaq 100PairCorr
  0.94SRVEX Victory Diversified StockPairCorr
  0.78UITBX Intermediate Term BondPairCorr
  0.77UITCX Usaa Intermediate TermPairCorr
  0.72UITIX Usaa Tax ExemptPairCorr
  0.91SSGSX Victory Sycamore SmallPairCorr
  0.88SBFCX Victory Incore InvestmentPairCorr
  0.91SBFMX Victory PortfoliosPairCorr
  0.92MMECX Victory IntegrityPairCorr
  0.92MMEAX Victory IntegrityPairCorr
  0.85RPPRX Victory Rs PartnersPairCorr
  0.92MMIJX Victory Integrity MidPairCorr
  0.92MMMMX Victory IntegrityPairCorr
  0.92MMMSX Victory IntegrityPairCorr
  0.94MNNAX Victory Munder MultiPairCorr
  0.94RSDYX Victory Incore LowPairCorr
  0.73RSENX Victory Sophus EmergingPairCorr
  0.91RSEGX Victory Rs SmallPairCorr
  0.91RSDGX Victory Rs SelectPairCorr
  1.0RSFYX Victory Floating RatePairCorr
  0.92RSGGX Victory Rs GlobalPairCorr
  0.91RSGFX Victory Rs SelectPairCorr
  0.92RSGRX Victory Rs GrowthPairCorr
  1.0RSFCX Victory Floating RatePairCorr
  1.0RSFMX Victory Floating RatePairCorr
  0.92RSIFX Victory Rs SciencePairCorr
  0.87RSINX Victory Rs InvestorsPairCorr
  0.84RSIGX Victory Rs InternationalPairCorr
  0.86RSIYX Victory Rs InvestorsPairCorr
  0.88RSMOX Victory Rs MidPairCorr
  0.86RSPFX Victory Rs PartnersPairCorr
  0.93RSNRX Victory Global NaturalPairCorr
  0.93RSNYX Victory Global NaturalPairCorr
  0.85RSPMX Victory Rs PartnersPairCorr
  0.85RSPYX Victory Rs PartnersPairCorr

Moving against Victory Mutual Fund

  0.32RSTYX 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 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.

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