Victory Cemp Correlations

CBHAX Fund

USD 8.40 0.03 0.36%

The current 90-days correlation between Victory Cemp Market and Pimco Trends Managed is 0.06 (i.e., Significant diversification). The correlation of Victory Cemp 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 Cemp Correlation With Market

Good diversification

The correlation between Victory Cemp Market and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Cemp Market and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Victory Cemp Market. 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 nation.

Moving together with Victory Mutual Fund

0.73	RSFYX	Victory Floating Rate	Pair Corr
0.72	RSFCX	Victory Floating Rate	Pair Corr
0.7	RSFMX	Victory Floating Rate	Pair Corr
0.69	RSFLX	Victory Floating Rate	Pair Corr

Moving against Victory Mutual Fund

0.8	MMIJX	Victory Integrity Mid	Pair Corr
0.78	SRVEX	Victory Diversified Stock	Pair Corr
0.77	MMECX	Victory Integrity	Pair Corr
0.76	SSVSX	Victory Special Value	Pair Corr
0.76	MMMSX	Victory Integrity	Pair Corr
0.76	MNNAX	Victory Munder Multi	Pair Corr
0.73	SSGSX	Victory Sycamore Small	Pair Corr
0.73	SBFCX	Victory Incore Investment	Pair Corr
0.73	SBFMX	Victory Portfolios	Pair Corr
0.72	SBALX	Victory Strategic	Pair Corr
0.7	MMEAX	Victory Integrity	Pair Corr
0.7	MMMMX	Victory Integrity	Pair Corr
0.66	RPPRX	Victory Rs Partners	Pair Corr
0.6	UITCX	Usaa Intermediate Term	Pair Corr
0.59	RSEGX	Victory Rs Small	Pair Corr
0.58	GUTEX	Victory Tax Exempt	Pair Corr
0.58	ULTIX	Usaa Tax Exempt	Pair Corr
0.55	UINCX	Income Fund Income	Pair Corr
0.55	UITBX	Intermediate Term Bond	Pair Corr
0.43	UITIX	Usaa Tax Exempt	Pair Corr
0.8	VSCVX	Victory Integrity Small	Pair Corr
0.8	VSVIX	Victory Integrity Small	Pair Corr
0.79	RSVAX	Victory Rs Value	Pair Corr
0.79	RSVYX	Victory Rs Value	Pair Corr
0.79	RCOCX	Victory Rs Large	Pair Corr
0.78	RCEYX	Victory Rs Large	Pair Corr
0.74	RSINX	Victory Rs Investors	Pair Corr
0.73	RSIYX	Victory Rs Investors	Pair Corr
0.68	RSPFX	Victory Rs Partners	Pair Corr
0.67	RSPMX	Victory Rs Partners	Pair Corr
0.66	RSPYX	Victory Rs Partners	Pair Corr
0.64	UNYBX	New York Bond	Pair Corr

Related Correlations Analysis

	PQTAX	AMFAX	OTCRX	CVSIX
PQTAX		0.8	-0.58	0.58	PQTAX
AMFAX	0.8		-0.17	0.65	AMFAX
OTCRX	-0.58	-0.17		0.01	OTCRX
CVSIX	0.58	0.65	0.01		CVSIX
	PQTAX	AMFAX	OTCRX	CVSIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AMFAX	+ 0.8	PQTAX
CVSIX	+ 0.65	AMFAX
CVSIX	+ 0.58	PQTAX
CVSIX	+ 0.01	OTCRX

High negative correlations

OTCRX	- 0.58	PQTAX
OTCRX	- 0.17	AMFAX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Cemp 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 Cemp'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
PQTAX	0.49	0.04	(0.08)	(0.16)	0.68	(0.47)	0.90	(0.91)	3.54
AMFAX	0.50	0.02	(0.11)	(0.26)	0.62	(0.56)	0.94	(1.04)	2.78
OTCRX	0.57	0.01	(0.06)	0.13	0.73	(0.62)	1.20	(1.46)	3.30
CVSIX	0.07	0.00	(0.81)	0.00	0.00	(0.10)	0.13	(0.07)	0.47

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