VictoryShares Correlations
| CSA Etf | USD 247.00 180.84 273.34% |
The current 90-days correlation between VictoryShares and Timothy Plan is -0.09 (i.e., Good diversification). The correlation of VictoryShares 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.
VictoryShares Correlation With Market
Good diversification
The correlation between VictoryShares and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VictoryShares and DJI in the same portfolio, assuming nothing else is changed.
VictoryShares | Build AI portfolio with VictoryShares Etf |
Moving together with VictoryShares Etf
Moving against VictoryShares Etf
| 0.85 | FNGU | MicroSectors FANG Index Symbol Change | PairCorr |
| 0.81 | AGQ | ProShares Ultra Silver Trending | PairCorr |
| 0.76 | JEPI | JPMorgan Equity Premium | PairCorr |
| 0.74 | MLPR | ETRACS Quarterly Pay | PairCorr |
| 0.73 | DGP | DB Gold Double | PairCorr |
| 0.65 | DFAS | Dimensional Small Cap | PairCorr |
| 0.63 | FNDA | Schwab Fundamental Small | PairCorr |
| 0.61 | IJR | iShares Core SP | PairCorr |
| 0.61 | SPSM | SPDR Portfolio SP | PairCorr |
| 0.61 | VIOO | Vanguard SP Small | PairCorr |
| 0.54 | VB | Vanguard Small Cap | PairCorr |
| 0.54 | DIG | ProShares Ultra Oil | PairCorr |
| 0.53 | PRFZ | Invesco FTSE RAFI | PairCorr |
| 0.5 | SMH | VanEck Semiconductor ETF | PairCorr |
| 0.47 | VTWO | Vanguard Russell 2000 | PairCorr |
| 0.46 | IWM | iShares Russell 2000 | PairCorr |
| 0.39 | VRTIX | Vanguard Russell 2000 | PairCorr |
| 0.31 | DFEN | Direxion Daily Aerospace | PairCorr |
| 0.91 | MRK | Merck Company | PairCorr |
| 0.84 | JNJ | Johnson Johnson Earnings Call This Week | PairCorr |
| 0.83 | DD | Dupont De Nemours | PairCorr |
| 0.8 | AA | Alcoa Corp Earnings Call This Week | PairCorr |
| 0.78 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.73 | CSCO | Cisco Systems | PairCorr |
| 0.67 | WMT | Walmart Common Stock Sell-off Trend | PairCorr |
| 0.65 | CAT | Caterpillar | PairCorr |
| 0.58 | PFE | Pfizer Inc | PairCorr |
| 0.56 | MCD | McDonalds | PairCorr |
| 0.42 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.34 | VZ | Verizon Communications | PairCorr |
| 0.34 | IBM | International Business | PairCorr |
| 0.31 | GE | GE Aerospace Earnings Call This Week | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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VictoryShares Constituents Risk-Adjusted Indicators
There is a big difference between VictoryShares Etf performing well and VictoryShares ETF 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 VictoryShares' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TPHE | 0.49 | 0.00 | (0.14) | 0.00 | 0.48 | 1.23 | 2.70 | |||
| TPLE | 0.48 | 0.04 | (0.12) | (0.57) | 0.43 | 1.28 | 2.58 | |||
| CLSC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CIZ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VMOT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FOVL | 0.64 | 0.03 | (0.07) | 0.50 | 0.78 | 1.46 | 4.02 | |||
| FTDS | 0.69 | 0.06 | 0.06 | 0.18 | 0.58 | 1.68 | 3.61 | |||
| CID | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CRUZ | 1.52 | (0.41) | 0.00 | (0.62) | 0.00 | 2.19 | 18.78 | |||
| KNGZ | 0.67 | 0.01 | 0.02 | 0.13 | 0.63 | 1.70 | 3.81 |
VictoryShares 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 VictoryShares etf to make a market-neutral strategy. Peer analysis of VictoryShares could also be used in its relative valuation, which is a method of valuing VictoryShares by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |