Victory Rs Correlations

Summary

RSMMXDelisted Fund

USD 8.57 0.00 0.00%

The current 90-days correlation between Victory Rs Small and Aamhimco Short Duration is -0.34 (i.e., Very good diversification). The correlation of Victory Rs 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 Rs Correlation With Market

Good diversification

The correlation between Victory Rs Small and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Rs Small 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 population.

Moving together with Victory Mutual Fund

0.72

MCD

McDonalds

Pair Corr

Moving against Victory Mutual Fund

0.91	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.91	RYVLX	Nasdaq 100 2x	Pair Corr
0.91	RYVYX	Nasdaq 100 2x	Pair Corr
0.91	UOPIX	Ultra Nasdaq 100	Pair Corr
0.89	INPIX	Internet Ultrasector	Pair Corr
0.88	VEXPX	Vanguard Explorer	Pair Corr
0.88	VEXRX	Vanguard Explorer	Pair Corr
0.87	VSGAX	Vanguard Small Cap	Pair Corr
0.87	VSGIX	Vanguard Small Cap	Pair Corr
0.87	VISGX	Vanguard Small Cap	Pair Corr
0.87	JGMIX	Janus Triton	Pair Corr
0.87	JGMRX	Janus Triton	Pair Corr
0.87	JGMAX	Janus Triton	Pair Corr
0.87	JGMCX	Janus Triton	Pair Corr
0.87	JGMNX	Janus Triton	Pair Corr
0.69	INPSX	Internet Ultrasector	Pair Corr
0.67	RYCCX	Nasdaq 100 2x	Pair Corr
0.67	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.37	BIPIX	Biotechnology Ultrasector	Pair Corr
0.92	IBM	International Business Earnings Call This Week	Pair Corr
0.9	DIS	Walt Disney	Pair Corr
0.9	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.9	MSFT	Microsoft	Pair Corr
0.89	CAT	Caterpillar	Pair Corr
0.88	AXP	American Express	Pair Corr
0.79	PFE	Pfizer Inc	Pair Corr
0.79	BA	Boeing	Pair Corr
0.75	DD	Dupont De Nemours	Pair Corr
0.72	CVX	Chevron Corp	Pair Corr
0.66	INTC	Intel Earnings Call This Week	Pair Corr
0.51	T	ATT Inc Earnings Call This Week	Pair Corr
0.48	XOM	Exxon Mobil Corp	Pair Corr
0.44	HD	Home Depot	Pair Corr
0.31	WMT	Walmart Sell-off Trend	Pair Corr

Related Correlations Analysis

	ASDIX	BDMKX	ASCLX	TEPFX	DMBAX	FTFZX	HYSZX
ASDIX		0.93	0.94	0.97	0.96	0.95	0.96	ASDIX
BDMKX	0.93		0.97	0.98	0.98	0.96	0.97	BDMKX
ASCLX	0.94	0.97		0.97	0.97	0.96	0.97	ASCLX
TEPFX	0.97	0.98	0.97		0.99	0.99	0.98	TEPFX
DMBAX	0.96	0.98	0.97	0.99		0.99	0.98	DMBAX
FTFZX	0.95	0.96	0.96	0.99	0.99		0.99	FTFZX
HYSZX	0.96	0.97	0.97	0.98	0.98	0.99		HYSZX
	ASDIX	BDMKX	ASCLX	TEPFX	DMBAX	FTFZX	HYSZX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Rs 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 Rs' 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ASDIX	0.07	0.00	(0.79)	0.00	(0.12)	0.20	(0.10)	0.40
BDMKX	0.09	0.05	(0.67)	2.60	(0.16)	0.22	(0.11)	0.44
ASCLX	0.23	0.08	(0.05)	0.47	(0.31)	0.62	(0.39)	1.71
TEPFX	0.07	0.02	(0.93)	1.65	(0.12)	0.11	(0.10)	0.32
DMBAX	0.05	0.02	(1.29)	2.76	(0.10)	0.16	(0.08)	0.32
FTFZX	0.06	0.02	(1.02)	1.88	(0.14)	0.20	(0.10)	0.49
HYSZX	0.13	0.05	(0.42)	0.77	(0.22)	0.37	(0.12)	0.84

Victory Rs 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 Rs mutual fund to make a market-neutral strategy. Peer analysis of Victory Rs could also be used in its relative valuation, which is a method of valuing Victory Rs by comparing valuation metrics with similar companies.

Aamhimco Short Duration Blackrock Global Longshort Ab Select Longshort American Funds Tax Exempt Dreyfus Short Intermediate Franklin Federal Limited Term Prudential Short Duration American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

Correlation

Still Interested in Victory Rs Small?

Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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