Victory Munder Correlations

Mutual Funds . USA . 
Fund . Victory Munder Small
MASCX Fund  USD 12.68  0.06  0.48%   
The current 90-days correlation between Victory Munder Small and Mid Cap Value Profund is 0.72 (i.e., Poor diversification). The correlation of Victory Munder 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 Munder Correlation With Market

Good diversification

The correlation between Victory Munder Small and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Munder Small and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Victory Munder Small. 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 main economic indicators.

Moving together with Victory Mutual Fund

  0.83GUHYX Victory High YieldPairCorr
  0.91GETGX Victory Sycamore EstPairCorr
  0.61MMEYX Victory IntegrityPairCorr
  0.89MNNCX Victory Munder MultiPairCorr
  0.93MNNYX Victory Munder MultiPairCorr
  0.68RSCCX Victory Rs SmallPairCorr
  0.83RSEJX Victory Rs SmallPairCorr
  0.65RSCYX Victory Rs SmallPairCorr
  0.73RSPKX Victory Rs PartnersPairCorr
  0.8RSSRX Victory Rs SelectPairCorr
  0.89VSPIX Victory Special ValuePairCorr
  0.63VSOIX Victory Sycamore SmallPairCorr
  0.67VSORX Victory Sycamore SmallPairCorr
  0.63VSOYX Victory Sycamore SmallPairCorr
  0.93VSVGX Victory Special ValuePairCorr
  0.89VSVCX Victory Special ValuePairCorr
  0.91VBFIX Victory StrategicPairCorr
  0.9VBFCX Victory StrategicPairCorr
  0.85MRIMX Victory Integrity MidPairCorr
  0.7MRVSX Victory Integrity SmallPairCorr
  0.79MAISX Victory IntegrityPairCorr
  0.89VDSIX Victory Diversified StockPairCorr
  0.89VDSRX Victory Diversified StockPairCorr
  0.89VDSYX Victory Diversified StockPairCorr
  0.84VEVIX Victory Sycamore EstPairCorr
  0.84VEVYX Victory Sycamore EstPairCorr
  0.84VEVRX Victory Sycamore EstPairCorr
  0.86MCIMX Victory Integrity MidPairCorr

Moving against Victory Mutual Fund

  0.6MUCCX Victory Incore TotalPairCorr
  0.6MUCAX Victory Incore TotalPairCorr
  0.58MUCYX Victory Incore TotalPairCorr
  0.57MUCRX Victory Incore TotalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Munder 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 Munder'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.

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