Victory Incore Correlations

IPFIX Fund

USD 6.79 0.01 0.15%

The current 90-days correlation between Victory Incore and Fa 529 Aggressive is 0.02 (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

Significant diversification

The correlation between Victory Incore Fund and DJI is 0.09 (i.e., Significant 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 gross domestic product.

Moving together with Victory Mutual Fund

0.62	RSDYX	Victory Incore Low	Pair Corr
0.69	URINX	Target Retirement Income	Pair Corr
0.62	URTRX	Target Retirement 2030	Pair Corr

Related Correlations Analysis

	FFCGX	AUUIX	CPUCX	FLDFX	FLKYPX	VOLMX	FBANJX	HDCAX
FFCGX		0.79	0.26	0.53	0.66	0.7	0.98	0.3	FFCGX
AUUIX	0.79		0.0	0.04	0.13	0.51	0.73	0.02	AUUIX
CPUCX	0.26	0.0		0.49	0.51	0.13	0.4	0.31	CPUCX
FLDFX	0.53	0.04	0.49		0.75	0.37	0.63	0.61	FLDFX
FLKYPX	0.66	0.13	0.51	0.75		0.48	0.7	0.45	FLKYPX
VOLMX	0.7	0.51	0.13	0.37	0.48		0.68	-0.18	VOLMX
FBANJX	0.98	0.73	0.4	0.63	0.7	0.68		0.37	FBANJX
HDCAX	0.3	0.02	0.31	0.61	0.45	-0.18	0.37		HDCAX
	FFCGX	AUUIX	CPUCX	FLDFX	FLKYPX	VOLMX	FBANJX	HDCAX

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

FBANJX	+ 0.98	FFCGX
AUUIX	+ 0.79	FFCGX
FLKYPX	+ 0.75	FLDFX
FBANJX	+ 0.73	AUUIX
VOLMX	+ 0.7	FFCGX
FBANJX	+ 0.7	FLKYPX

High negative correlations

HDCAX	- 0.18	VOLMX
CPUCX	- 0.0	AUUIX

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
FFCGX	0.57	(0.01)	(0.02)	0.06	0.88	(0.51)	1.03	(1.31)	3.36
AUUIX	0.58	0.08	0.09	0.15	0.55	(0.62)	1.23	(0.99)	7.96
CPUCX	0.17	(0.01)	(0.35)	(0.20)	0.19	(0.20)	0.32	(0.32)	0.75
FLDFX	0.46	(0.04)	(0.08)	0.01	0.74	(0.42)	0.89	(1.03)	3.56
FLKYPX	0.83	(0.06)	(0.04)	0.01	1.19	(0.79)	1.37	(2.11)	4.68
VOLMX	0.52	(0.05)	(0.09)	0.00	0.69	(0.50)	1.09	(1.07)	2.61
FBANJX	0.48	(0.01)	(0.04)	0.05	0.69	(0.47)	0.96	(1.05)	2.77
HDCAX	0.48	0.00	(0.09)	0.01	0.69	(0.48)	1.01	(1.16)	2.95

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