Victory Munder Correlations

Mutual Funds . USA . 
Fund . Victory Munder Mid Cap
MGOYX Fund  USD 12.93  0.09  0.69%   
The current 90-days correlation between Victory Munder Mid and Putnam Global Technology is 0.06 (i.e., Significant 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

Modest diversification

The correlation between Victory Munder Mid Cap and DJI is 0.29 (i.e., Modest 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 manufacturing.

Moving together with Victory Mutual Fund

  1.0GETGX Victory Sycamore EstPairCorr
  0.87MMEYX Victory IntegrityPairCorr
  0.97MNNCX Victory Munder MultiPairCorr
  0.95MNNYX Victory Munder MultiPairCorr
  0.75RSEJX Victory Rs SmallPairCorr
  0.65RSHCX Victory High IncomePairCorr
  0.66RSHMX Victory High IncomePairCorr
  0.96RSPKX Victory Rs PartnersPairCorr
  0.99VSPIX Victory Special ValuePairCorr
  0.97VSOIX Victory Sycamore SmallPairCorr
  0.97VSORX Victory Sycamore SmallPairCorr
  0.97VSOYX Victory Sycamore SmallPairCorr
  0.99VSVGX Victory Special ValuePairCorr
  0.99VSVCX Victory Special ValuePairCorr
  0.92VBFIX Victory StrategicPairCorr
  0.93VBFCX Victory StrategicPairCorr
  1.0MRIMX Victory Integrity MidPairCorr
  0.99MRVSX Victory Integrity SmallPairCorr
  0.99MAISX Victory IntegrityPairCorr
  0.92MASCX Victory Munder SmallPairCorr
  0.97VDSIX Victory Diversified StockPairCorr
  0.98VDSRX Victory Diversified StockPairCorr
  0.97VDSYX Victory Diversified StockPairCorr
  0.7RETCX Victory Tax ExemptPairCorr
  1.0VEVIX Victory Sycamore EstPairCorr
  0.97VEVYX Victory Sycamore EstPairCorr
  1.0VEVRX Victory Sycamore EstPairCorr
  1.0MCIMX Victory Integrity MidPairCorr
  0.74MUCCX Victory Incore TotalPairCorr
  0.7MUCAX Victory Incore TotalPairCorr

Moving against Victory Mutual Fund

  0.4GGIFX Victory IncorePairCorr
  0.48VFFIX Victory IncorePairCorr
  0.46VFFRX Victory IncorePairCorr

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   
GISTX
+ 0.95
JGLTX
GISTX
+ 0.79
RAGTX
JGLTX
+ 0.78
RAGTX
WFSTX
+ 0.74
PTTEX
PGKCX
+ 0.68
RAGTX
PGKCX
+ 0.67
GISTX
  
High negative correlations   
RAGTX
- 0.18
WFSTX
RAGTX
- 0.08
PTTEX

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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