Victory Incore Correlations
| IPFIX Fund | USD 6.83 0.01 0.15% |
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 |
Moving together with Victory Mutual Fund
| 0.87 | EASDX | Eaton Vance Short | PairCorr |
| 0.88 | VFIRX | Vanguard Short Term | PairCorr |
| 0.94 | VFISX | Vanguard Short Term | PairCorr |
| 0.93 | VSGBX | Vanguard Short Term | PairCorr |
| 0.87 | VSBIX | Vanguard Short Term | PairCorr |
| 0.87 | VSGDX | Vanguard Short Term | PairCorr |
| 0.89 | FUMBX | Fidelity Short Term | PairCorr |
| 0.87 | ECLDX | Eaton Vance Short | PairCorr |
| 0.78 | EALDX | Eaton Vance Short | PairCorr |
| 0.86 | EILDX | Eaton Vance Short | PairCorr |
| 0.82 | GPBFX | Gmo E Plus | PairCorr |
| 0.63 | GPMFX | Guidepath Managed Futures | PairCorr |
| 0.62 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.63 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.65 | KO | Coca Cola Aggressive Push | PairCorr |
Moving against Victory Mutual Fund
| 0.63 | WWNPX | Kinetics Paradigm Steady Growth | PairCorr |
| 0.54 | TEGYX | Mid Cap Growth | PairCorr |
| 0.51 | HFCGX | Hennessy Nerstone Growth | PairCorr |
| 0.37 | GAB | Gabelli Equity Trust | PairCorr |
| 0.66 | FSRBX | Banking Portfolio Banking | PairCorr |
| 0.66 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.63 | KMKNX | Kinetics Market Oppo Steady Growth | PairCorr |
| 0.56 | HPQ | HP Inc | PairCorr |
| 0.53 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.53 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.49 | TRLCX | Tiaa-cref Large-cap | PairCorr |
| 0.46 | PRDSX | T Rowe Price | PairCorr |
| 0.46 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.45 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.43 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.43 | WMT | Walmart Aggressive Push | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ICAXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PGIQX | 0.23 | (0.04) | 0.00 | (0.48) | 0.00 | 0.50 | 1.41 | |||
| UGSFX | 0.23 | (0.03) | 0.00 | 0.55 | 0.00 | 0.41 | 1.40 | |||
| BIGLX | 0.23 | (0.03) | 0.00 | 0.63 | 0.00 | 0.33 | 1.44 | |||
| DACGX | 0.20 | (0.02) | 0.00 | 0.45 | 0.00 | 0.39 | 1.03 | |||
| USGFX | 0.22 | (0.03) | 0.00 | 0.54 | 0.00 | 0.34 | 1.48 | |||
| FGUAX | 0.04 | 0.01 | 0.00 | 3.79 | 0.00 | 0.10 | 0.62 | |||
| FHNFX | 0.24 | (0.04) | 0.00 | (0.45) | 0.00 | 0.54 | 1.63 |