Victory Incore Correlations

GGIFX Fund

USD 6.82 0.01 0.15%

The current 90-days correlation between Victory Incore and Transamerica Financial Life is 0.04 (i.e., Significant diversification). The correlation of Victory Incore 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 Incore Correlation With Market

Good diversification

The correlation between Victory Incore Fund and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Incore Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Victory Incore Fund. 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 census.

Moving together with Victory Mutual Fund

0.62	GUBGX	Victory Rs International	Pair Corr
0.83	GUHYX	Victory High Yield	Pair Corr
0.82	GETGX	Victory Sycamore Est	Pair Corr
0.8	MMEYX	Victory Integrity	Pair Corr
0.77	MNNCX	Victory Munder Multi	Pair Corr
0.82	MNNYX	Victory Munder Multi	Pair Corr
0.84	RSPKX	Victory Rs Partners	Pair Corr
0.86	RSSRX	Victory Rs Select	Pair Corr
0.71	MRIMX	Victory Integrity Mid	Pair Corr
0.85	MRVSX	Victory Integrity Small	Pair Corr
0.79	MAIRX	Victory Trivalent	Pair Corr
0.81	MSSIX	Victory Trivalent	Pair Corr
0.78	VDSIX	Victory Diversified Stock	Pair Corr
0.78	VDSRX	Victory Diversified Stock	Pair Corr
0.81	VDSYX	Victory Diversified Stock	Pair Corr
0.82	VEVIX	Victory Sycamore Est	Pair Corr
0.71	VEVRX	Victory Sycamore Est	Pair Corr
0.98	VFFRX	Victory Incore	Pair Corr
0.64	RGGCX	Victory Rs Global	Pair Corr
0.68	RGGKX	Victory Rs Global	Pair Corr
0.77	MUXRX	Victory Sp 500	Pair Corr
0.66	RGWCX	Victory Rs Growth	Pair Corr
0.8	MVSSX	Victory Integrity Small	Pair Corr
0.65	GOGFX	Victory Sycamore Small	Pair Corr
0.78	RHYKX	Victory High Yield	Pair Corr
0.84	MYIMX	Victory Integrity Mid	Pair Corr

Moving against Victory Mutual Fund

0.4	RSHCX	Victory High Income	Pair Corr
0.37	RHMYX	Victory High Income	Pair Corr

Related Correlations Analysis

	IAAEX	MCBXX	RMBLX	XFINX	PGFMX	BTO
IAAEX		0.0	-0.45	0.02	0.61	-0.2	IAAEX
MCBXX	0.0		0.0	0.0	0.0	0.0	MCBXX
RMBLX	-0.45	0.0		0.62	-0.18	0.79	RMBLX
XFINX	0.02	0.0	0.62		0.1	0.59	XFINX
PGFMX	0.61	0.0	-0.18	0.1		-0.11	PGFMX
BTO	-0.2	0.0	0.79	0.59	-0.11		BTO
	IAAEX	MCBXX	RMBLX	XFINX	PGFMX	BTO

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

BTO	+ 0.79	RMBLX
XFINX	+ 0.62	RMBLX
PGFMX	+ 0.61	IAAEX
BTO	+ 0.59	XFINX
PGFMX	+ 0.1	XFINX
XFINX	+ 0.02	IAAEX

High negative correlations

RMBLX	- 0.45	IAAEX
BTO	- 0.2	IAAEX
PGFMX	- 0.18	RMBLX
BTO	- 0.11	PGFMX
BTO	- 0.0	MCBXX
PGFMX	- 0.0	MCBXX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Incore 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 Incore'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
IAAEX	0.88	(0.21)	0.00	(1.78)	0.00	0.00	1.20	(1.42)	17.19
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RMBLX	1.03	0.18	0.12	0.26	1.13	(1.14)	3.00	(1.58)	7.72
XFINX	0.14	(0.01)	(0.25)	(0.19)	0.26	(0.16)	0.22	(0.43)	1.44
PGFMX	0.34	(0.04)	0.00	(0.20)	0.00	0.00	0.62	(0.63)	3.71
BTO	0.96	(0.03)	(0.01)	0.06	1.54	(0.91)	1.91	(2.10)	7.11

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