Victory Munder Correlations

MGOSX Fund

USD 16.57 0.03 0.18%

The current 90-days correlation between Victory Munder Mid and Victory High Yield is 0.21 (i.e., Modest 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

Significant diversification

The correlation between Victory Munder Mid Cap and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Munder Mid Cap 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 Mid Cap. 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 state.

Moving together with Victory Mutual Fund

0.81	PAMCX	T Rowe Price	Pair Corr
0.81	RRMGX	T Rowe Price	Pair Corr
0.81	TRQZX	T Rowe Price	Pair Corr
0.75	RPMGX	T Rowe Price	Pair Corr
0.83	PRJIX	T Rowe Price	Pair Corr
0.83	PRNHX	T Rowe Price	Pair Corr
0.83	TRUZX	T Rowe Price	Pair Corr
0.79	PCBIX	Midcap Fund Institutional	Pair Corr
0.74	PEMGX	Midcap Fund Class	Pair Corr
0.79	PMBCX	Midcap Fund Class	Pair Corr
0.77	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.77	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.77	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.77	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.85	PRDSX	T Rowe Price	Pair Corr
0.98	TEGYX	Mid Cap Growth	Pair Corr
0.91	FSRBX	Banking Portfolio Banking	Pair Corr
0.72	GAB	Gabelli Equity Trust	Pair Corr
0.72	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.74	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.69	WMT	Walmart Aggressive Push	Pair Corr
0.72	HPQ	HP Inc	Pair Corr

Moving against Victory Mutual Fund

0.49	BTMPX	Ishares Msci Eafe	Pair Corr
0.49	BTMKX	Blackrock International	Pair Corr
0.49	MDIIX	Blackrock Intern Index	Pair Corr
0.7	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.65	KO	Coca Cola Aggressive Push	Pair Corr
0.64	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.62	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	RHYKX	CYBAX	SGYAX	FAGIX	DAHYX	PGHCX	MRHYX
RHYKX		0.86	0.93	0.94	0.92	0.96	0.95	RHYKX
CYBAX	0.86		0.76	0.71	0.91	0.93	0.85	CYBAX
SGYAX	0.93	0.76		0.89	0.81	0.91	0.89	SGYAX
FAGIX	0.94	0.71	0.89		0.86	0.87	0.93	FAGIX
DAHYX	0.92	0.91	0.81	0.86		0.94	0.96	DAHYX
PGHCX	0.96	0.93	0.91	0.87	0.94		0.94	PGHCX
MRHYX	0.95	0.85	0.89	0.93	0.96	0.94		MRHYX
	RHYKX	CYBAX	SGYAX	FAGIX	DAHYX	PGHCX	MRHYX

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 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RHYKX	0.15	0.05	(0.35)	(2.70)	(0.29)	0.37	(0.19)	1.30
CYBAX	0.10	0.01	(0.87)	(2.35)	(0.13)	0.24	(0.16)	0.73
SGYAX	0.14	0.02	(0.51)	0.40	(0.26)	0.28	(0.14)	1.28
FAGIX	0.19	0.05	(0.22)	2.07	(0.26)	0.40	(0.29)	1.17
DAHYX	0.11	0.02	(0.64)	1.36	(0.15)	0.23	(0.23)	0.57
PGHCX	0.13	0.03	(0.34)	(1.02)	(0.34)	0.53	(0.26)	0.80
MRHYX	0.09	0.02	(0.65)	4.94	(0.14)	0.23	(0.12)	0.47

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