Victory Integrity Correlations

VSVIX Fund

USD 32.76 0.13 0.40%

The current 90-days correlation between Victory Integrity Small and Lord Abbett Convertible is 0.53 (i.e., Very weak diversification). The correlation of Victory Integrity 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 Integrity Correlation With Market

Poor diversification

The correlation between Victory Integrity Small Cap and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Integrity Small Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Victory Integrity Small Cap. 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 gross domestic product.

Moving together with Victory Mutual Fund

0.93	SSGSX	Victory Sycamore Small	Pair Corr
0.91	RPPRX	Victory Rs Partners	Pair Corr
0.94	MMIJX	Victory Integrity Mid	Pair Corr
0.7	RSINX	Victory Rs Investors	Pair Corr
0.91	RSPMX	Victory Rs Partners	Pair Corr
0.91	RSPYX	Victory Rs Partners	Pair Corr
0.73	VSCVX	Victory Integrity Small	Pair Corr
0.86	RVACX	Victory Rs Value	Pair Corr
0.85	VETAX	Victory Sycamore Est	Pair Corr

Moving against Victory Mutual Fund

0.42	RSNRX	Victory Global Natural	Pair Corr
0.41	ULTIX	Usaa Tax Exempt	Pair Corr
0.4	GUTEX	Victory Tax Exempt	Pair Corr
0.4	RSFLX	Victory Floating Rate	Pair Corr
0.4	UPMMX	Precious Metals And	Pair Corr
0.38	RSFYX	Victory Floating Rate	Pair Corr
0.36	RSNYX	Victory Global Natural	Pair Corr
0.32	IPFIX	Victory Incore	Pair Corr
0.31	RSFCX	Victory Floating Rate	Pair Corr
0.48	USBAX	Usaa Ultra Short	Pair Corr
0.43	USVAX	Virginia Bond	Pair Corr
0.41	USATX	Tax Exempt Intermediate	Pair Corr
0.41	USCBX	California Bond	Pair Corr
0.4	USSBX	Short Term Bond	Pair Corr
0.35	RGNCX	Victory Global Natural	Pair Corr
0.34	USAGX	Precious Metals And	Pair Corr

Related Correlations Analysis

	LCFYX	PBXIX	NCV	VAADX	XNCVX
LCFYX		0.21	0.94	0.99	0.96	LCFYX
PBXIX	0.21		0.24	0.19	0.37	PBXIX
NCV	0.94	0.24		0.94	0.93	NCV
VAADX	0.99	0.19	0.94		0.95	VAADX
XNCVX	0.96	0.37	0.93	0.95		XNCVX
	LCFYX	PBXIX	NCV	VAADX	XNCVX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Integrity 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 Integrity'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
LCFYX	0.71	0.05	0.04	0.12	0.82	(0.82)	1.31	(1.69)	4.63
PBXIX	0.37	(0.03)	(0.11)	0.00	0.49	(0.36)	0.64	(0.73)	2.25
NCV	0.65	0.05	0.04	0.13	0.80	(0.65)	1.16	(1.46)	3.39
VAADX	0.66	0.06	0.06	0.13	0.85	(0.70)	1.20	(1.71)	4.60
XNCVX	0.71	0.02	0.01	0.08	0.97	(0.73)	1.20	(1.74)	5.47

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