Victory Incore Correlations

MUCAX Fund

USD 8.24 0.02 0.24%

The current 90-days correlation between Victory Incore Total and Arrow Managed Futures is 0.2 (i.e., Modest diversification). The correlation of Victory Incore 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 Incore Correlation With Market

Average diversification

The correlation between Victory Incore Total and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Incore Total 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 Incore Total. 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 nation.

Moving together with Victory Mutual Fund

1.0	MWTNX	Metropolitan West Total	Pair Corr
0.99	MWTSX	Metropolitan West Total	Pair Corr
0.96	PTTPX	Pimco Total Return	Pair Corr
0.99	PTRRX	Total Return	Pair Corr
0.99	PTRAX	Total Return	Pair Corr
0.99	PTTRX	Total Return	Pair Corr
0.95	FIWGX	Strategic Advisers	Pair Corr
0.99	DODIX	Dodge Income	Pair Corr
0.95	MWTIX	Metropolitan West Total	Pair Corr
0.99	MWTRX	Metropolitan West Total	Pair Corr
0.75	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.7	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.84	KO	Coca Cola Aggressive Push	Pair Corr

Moving against Victory Mutual Fund

0.84	INPIX	Internet Ultrasector	Pair Corr
0.84	INPSX	Internet Ultrasector	Pair Corr
0.76	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.76	RYVYX	Nasdaq 100 2x	Pair Corr
0.75	RYVLX	Nasdaq 100 2x	Pair Corr
0.75	UOPIX	Ultra Nasdaq 100	Pair Corr
0.75	RYCCX	Nasdaq 100 2x	Pair Corr
0.75	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.81	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.78	BAC	Bank of America Aggressive Push	Pair Corr
0.67	PRDSX	T Rowe Price	Pair Corr
0.65	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.65	DIS	Walt Disney Aggressive Push	Pair Corr
0.62	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.62	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.48	T	ATT Inc Sell-off Trend	Pair Corr
0.48	HD	Home Depot	Pair Corr

Related Correlations Analysis

	MFTFX	TEGCX	ANGCX	REMVX	APDOX	DODEX	EMSLX
MFTFX		-0.13	0.61	-0.2	-0.51	-0.45	-0.32	MFTFX
TEGCX	-0.13		0.23	0.96	0.4	0.87	0.88	TEGCX
ANGCX	0.61	0.23		0.15	-0.42	-0.09	-0.02	ANGCX
REMVX	-0.2	0.96	0.15		0.37	0.91	0.92	REMVX
APDOX	-0.51	0.4	-0.42	0.37		0.59	0.46	APDOX
DODEX	-0.45	0.87	-0.09	0.91	0.59		0.96	DODEX
EMSLX	-0.32	0.88	-0.02	0.92	0.46	0.96		EMSLX
	MFTFX	TEGCX	ANGCX	REMVX	APDOX	DODEX	EMSLX

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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

REMVX	+ 0.96	TEGCX
EMSLX	+ 0.96	DODEX
EMSLX	+ 0.92	REMVX
DODEX	+ 0.91	REMVX
EMSLX	+ 0.88	TEGCX
DODEX	+ 0.87	TEGCX

High negative correlations

APDOX	- 0.51	MFTFX
DODEX	- 0.45	MFTFX
APDOX	- 0.42	ANGCX
EMSLX	- 0.32	MFTFX
REMVX	- 0.2	MFTFX
TEGCX	- 0.13	MFTFX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Incore 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 Incore'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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MFTFX	0.97	(0.15)	0.00	(0.08)	0.00	0.00	1.70	(1.95)	5.42
TEGCX	0.67	(0.06)	(0.12)	(0.01)	0.95	(0.68)	1.58	(1.67)	4.99
ANGCX	0.10	(0.01)	(0.78)	0.44	0.11	(0.16)	0.23	(0.23)	0.70
REMVX	0.85	(0.08)	0.00	(0.08)	0.00	0.00	1.74	(2.04)	6.85
APDOX	0.14	0.03	(0.53)	3.31	0.00	(0.21)	0.39	(0.19)	0.78
DODEX	0.67	0.03	(0.10)	(0.16)	0.88	(0.72)	1.44	(1.90)	5.43
EMSLX	0.72	(0.03)	0.00	(1.49)	0.00	0.00	1.76	(1.08)	6.36

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