Victory Diversified Correlations

GRINX Fund

USD 21.65 0.17 0.79%

The current 90-days correlation between Victory Diversified Stock and T Rowe Price is 0.62 (i.e., Poor diversification). The correlation of Victory Diversified 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 Diversified Correlation With Market

Modest diversification

The correlation between Victory Diversified Stock and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Diversified Stock 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 Diversified Stock. 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 board of governors.

Moving together with Victory Mutual Fund

0.66	JHBCX	Jhancock Blue Chip	Pair Corr
0.77	CAT	Caterpillar Sell-off Trend	Pair Corr
0.77	HPQ	HP Inc	Pair Corr
0.73	TRV	The Travelers Companies	Pair Corr
0.63	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.72	INTC	Intel Earnings Call Tomorrow	Pair Corr
0.61	HD	Home Depot	Pair Corr
0.75	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Moving against Victory Mutual Fund

0.77

Boeing Earnings Call This Week

Pair Corr

Related Correlations Analysis

	TRBCX	SRGAX	LGLSX	RPNCX	EIPIX	TFAGX	BGGKX
TRBCX		0.29	0.93	0.79	0.19	0.87	0.93	TRBCX
SRGAX	0.29		0.21	0.51	0.79	0.69	0.37	SRGAX
LGLSX	0.93	0.21		0.88	0.3	0.83	0.95	LGLSX
RPNCX	0.79	0.51	0.88		0.64	0.89	0.93	RPNCX
EIPIX	0.19	0.79	0.3	0.64		0.58	0.42	EIPIX
TFAGX	0.87	0.69	0.83	0.89	0.58		0.89	TFAGX
BGGKX	0.93	0.37	0.95	0.93	0.42	0.89		BGGKX
	TRBCX	SRGAX	LGLSX	RPNCX	EIPIX	TFAGX	BGGKX

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 Diversified 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 Diversified'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
TRBCX	0.83	0.10	0.07	0.36	0.98	(0.92)	1.57	(1.89)	5.70
SRGAX	0.47	0.00	(0.03)	0.01	0.70	(0.51)	0.89	(1.03)	4.19
LGLSX	1.11	0.25	0.15	0.54	1.23	(1.15)	2.43	(2.37)	7.49
RPNCX	0.98	0.20	0.13	0.37	1.13	(1.00)	2.11	(1.97)	9.16
EIPIX	0.84	0.04	0.02	0.11	1.71	(0.77)	1.68	(1.39)	9.39
TFAGX	0.69	0.06	0.04	0.19	0.94	(0.75)	1.44	(1.53)	5.84
BGGKX	1.21	0.24	0.13	0.65	1.53	(1.26)	2.21	(2.19)	9.55

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