Victory Integrity Correlations

Mutual Funds . USA . 
Fund . Victory Integrity Smallmid Cap
MMMSX Fund  USD 24.56  0.02  0.08%   
The current 90-days correlation between Victory Integrity and Victory Integrity Discovery is 0.81 (i.e., Very poor diversification). The correlation of Victory Integrity 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 Integrity Correlation With Market

Almost no diversification

The correlation between Victory Integrity Smallmid Cap and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Integrity Smallmid 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 Integrity Smallmid 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 producer price index.

Moving together with Victory Mutual Fund

  0.71UITBX Intermediate Term BondPairCorr
  0.99RSPMX Victory Rs PartnersPairCorr
  0.96URSIX Target Retirement 2060PairCorr
  0.78USTCX Science TechnologyPairCorr
  0.94USWGX World GrowthPairCorr
  0.67UVAIX Usaa Virginia BondPairCorr
  0.63UVABX Virginia BondPairCorr
  0.97UGEIX Usaa Global EquityPairCorr
  0.98VSIIX Vanguard Small CapPairCorr
  0.98VISVX Vanguard Small CapPairCorr
  0.97DFSVX Us Small CapPairCorr
  0.97DFFVX Us Targeted ValuePairCorr
  0.98UBVCX Undiscovered ManagersPairCorr
  0.97UBVAX Undiscovered ManagersPairCorr
  0.98UBVSX Undiscovered ManagersPairCorr
  0.94VSMCX Invesco Small CapPairCorr
  0.78NHS Neuberger Berman HighPairCorr
  0.87AAOTX American Funds 2065PairCorr
  0.98GACIX Gabelli SmallPairCorr
  0.91HLDRX Hartford EmergingPairCorr
  0.72UINCX Income Fund IncomePairCorr
  0.9AABTX American Funds 2015PairCorr
  0.83GWPFX American Funds GrowthPairCorr
  0.79HCSBX The Short-termPairCorr
  0.73ACCWX Invesco Porate BondPairCorr
  0.96MSSCX Amg Frontier SmallPairCorr
  0.9AIDYX Diversified MunicipalPairCorr
  0.72MISHX Ab Municipal IncomePairCorr
  0.82NMMGX Multi Manager GlobalPairCorr
  0.97SNWCX Snow Capital SmallPairCorr
  0.92JVTAX Janus VenturePairCorr
  0.79JAFLX Flexible Bond PortfolioPairCorr
  0.83COSIX Columbia Strategic IncomePairCorr
  0.97JSIZX Jpmorgan SmartretirementPairCorr
  0.98QISCX Federated Mdt SmallPairCorr
  0.91FAITX American Funds 2050PairCorr
  0.93MFFPX Mfs Lifetime 2050PairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Integrity 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 Integrity'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
UINCX  0.14  0.00 (0.42) 0.06  0.10 
(0.18)
 0.34 
(0.34)
 0.78 
UINQX  0.81 (0.09) 0.00 (0.02) 0.00 
 0.00 
 1.51 
(1.96)
 4.74 
UITBX  0.14  0.00 (0.40) 0.05  0.11 
(0.18)
 0.22 
(0.32)
 0.76 
UITCX  0.15  0.00 (0.40) 0.04  0.12 
(0.17)
 0.22 
(0.32)
 0.76 
UITIX  0.07  0.00 (0.61) 0.00  0.00 
(0.15)
 0.24 
(0.08)
 0.56 
SBFMX  0.30  0.00 (0.16) 0.08  0.30 
(0.35)
 0.69 
(0.63)
 1.61 
RPPRX  0.78  0.23  0.32  0.37  0.15 
(0.99)
 2.18 
(0.95)
 5.37 
MMIJX  0.70  0.22  0.19  3.24  0.41 
(0.86)
 1.98 
(1.24)
 3.95 
MMMMX  1.09  0.36  0.35  0.45  0.42 
(1.31)
 2.81 
(1.71)
 12.84 
MMMSX  0.74  0.18  0.23  0.29  0.41 
(0.92)
 2.21 
(1.12)
 4.27 

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