VictoryShares Correlations

MDCP Etf

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The current 90-days correlation between VictoryShares and Timothy Plan is -0.03 (i.e., Good diversification). The correlation of VictoryShares 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.

VictoryShares Correlation With Market

Good diversification

The correlation between VictoryShares and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VictoryShares and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with VictoryShares Etf

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in services.

Moving together with VictoryShares Etf

0.66	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.72	NFLX	Netflix	Pair Corr

Moving against VictoryShares Etf

0.65	FB	ProShares Trust ProShares	Pair Corr
0.56	TOT	Advisor Managed Port	Pair Corr
0.52	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.51	DUKH	Ocean Park High	Pair Corr
0.5	XMMO	Invesco SP MidCap	Pair Corr
0.45	JHMM	John Hancock Multifactor	Pair Corr
0.4	IJH	iShares Core SP	Pair Corr
0.4	MDY	SPDR SP MIDCAP	Pair Corr
0.4	IVOO	Vanguard SP Mid	Pair Corr
0.76	ZJAN	Innovator Equity Defined	Pair Corr
0.75	PBJA	PGIM Rock ETF	Pair Corr
0.73	SLX	VanEck Steel ETF	Pair Corr
0.7	FTBI	First Trust Exchange	Pair Corr
0.69	HEZU	iShares Currency Hedged	Pair Corr
0.66	PHT	PHT	Pair Corr
0.6	VOO	Vanguard SP 500 Sell-off Trend	Pair Corr
0.56	AGEM	abrdn Emerging Markets	Pair Corr
0.54	QQQM	Invesco NASDAQ 100	Pair Corr
0.41	GBUG	Sprott Active Gold	Pair Corr
0.37	UCRD	VictoryShares ESG	Pair Corr
0.36	VONG	Vanguard Russell 1000	Pair Corr
0.34	BAB	Invesco Taxable Municipal	Pair Corr
0.33	PLTM	GraniteShares Platinum Buyout Trend	Pair Corr
0.32	GGOV	BlackRock ETF Trust	Pair Corr
0.75	CSD	Invesco SP Spin	Pair Corr
0.74	CLOX	Series Portfolios Trust	Pair Corr
0.72	HLAL	Wahed FTSE USA	Pair Corr
0.72	CPSU	Calamos SP 500	Pair Corr
0.7	MYCI	SPDR SSGA My2029	Pair Corr
0.69	FROG	Jfrog	Pair Corr

Related Correlations Analysis

	TPMN	EGIS	CSF	QQQN	HEWG	CLRG	JIDA	TWIO	CIZ	WPS
TPMN		0.0	0.28	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TPMN
EGIS	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	EGIS
CSF	0.28	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	CSF
QQQN	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	QQQN
HEWG	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	HEWG
CLRG	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	CLRG
JIDA	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	JIDA
TWIO	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	TWIO
CIZ	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CIZ
WPS	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		WPS
	TPMN	EGIS	CSF	QQQN	HEWG	CLRG	JIDA	TWIO	CIZ	WPS

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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

CSF	+ 0.28	TPMN
EGIS	+ 0.0	TPMN
QQQN	+ 0.0	TPMN
HEWG	+ 0.0	TPMN
CLRG	+ 0.0	TPMN
JIDA	+ 0.0	TPMN

High negative correlations

WPS	- 0.0	CIZ
WPS	- 0.0	TWIO
CIZ	- 0.0	TWIO
WPS	- 0.0	JIDA
CIZ	- 0.0	JIDA
TWIO	- 0.0	JIDA

VictoryShares Constituents Risk-Adjusted Indicators

There is a big difference between VictoryShares Etf performing well and VictoryShares ETF 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 VictoryShares' 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
TPMN	0.22	0.03	(0.17)	(0.76)	0.16	(0.26)	0.46	(0.42)	1.14
EGIS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CSF	6,422	3,579	55.41	37.75	0.00	(12,510)	34,233	(99.61)	55,035
QQQN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HEWG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CLRG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JIDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TWIO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CIZ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WPS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

VictoryShares Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with VictoryShares etf to make a market-neutral strategy. Peer analysis of VictoryShares could also be used in its relative valuation, which is a method of valuing VictoryShares by comparing valuation metrics with similar companies.

Timothy Plan EGIS VictoryShares QQQN IShares IndexIQ JIDA Trajan Wealth CIZ IShares American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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