Victory Trivalent Correlations

MYSIX Fund

USD 15.26 0.11 0.72%

The current 90-days correlation between Victory Trivalent and Hennessy Bp Energy is -0.14 (i.e., Good diversification). The correlation of Victory Trivalent 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 Trivalent Correlation With Market

Good diversification

The correlation between Victory Trivalent Internationa and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Trivalent Internationa 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 Trivalent International. 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 gross domestic product.

Moving together with Victory Mutual Fund

0.9	DFISX	International Small Pany	Pair Corr
0.96	VFSNX	Vanguard Ftse All	Pair Corr
0.99	GICIX	Goldman Sachs Intern	Pair Corr
0.9	GIRLX	Goldman Sachs Intern	Pair Corr
0.9	GICUX	Goldman Sachs Intern	Pair Corr
0.94	FISMX	Fidelity International	Pair Corr
0.98	GICCX	Goldman Sachs Intern	Pair Corr
0.99	GICAX	Goldman Sachs Intern	Pair Corr
1.0	MISAX	Victory Trivalent	Pair Corr
1.0	MCISX	Victory Trivalent	Pair Corr
0.63	XNXJX	Nuveen New Jersey	Pair Corr
0.8	NXJ	Nuveen New Jersey	Pair Corr
0.65	XNBHX	Neuberger Berman Int	Pair Corr
0.68	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.64	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.63	VZ	Verizon Communications Aggressive Push	Pair Corr
0.73	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against Victory Mutual Fund

0.7	FSRBX	Banking Portfolio Banking	Pair Corr
0.56	XPPRX	Voya Prime Rate	Pair Corr
0.38	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.36	GAB	Gabelli Equity Trust	Pair Corr
0.32	PRDSX	T Rowe Price	Pair Corr
0.68	KMKNX	Kinetics Market Oppo Steady Growth	Pair Corr
0.68	BAC	Bank of America Aggressive Push	Pair Corr
0.61	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.55	DIS	Walt Disney Aggressive Push	Pair Corr
0.53	TEGYX	Mid Cap Growth	Pair Corr
0.48	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.47	WMT	Walmart Aggressive Push	Pair Corr
0.4	HFCGX	Hennessy Nerstone Growth	Pair Corr
0.34	WCEYX	Ivy E Equity	Pair Corr
0.34	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.32	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Related Correlations Analysis

	HNRGX	ICBAX	FRNRX	GAAEX	XGNTX	APWEX
HNRGX		0.84	0.88	-0.31	-0.04	0.87	HNRGX
ICBAX	0.84		0.73	-0.21	0.0	0.89	ICBAX
FRNRX	0.88	0.73		0.08	0.42	0.79	FRNRX
GAAEX	-0.31	-0.21	0.08		0.77	-0.32	GAAEX
XGNTX	-0.04	0.0	0.42	0.77		0.06	XGNTX
APWEX	0.87	0.89	0.79	-0.32	0.06		APWEX
	HNRGX	ICBAX	FRNRX	GAAEX	XGNTX	APWEX

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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

APWEX	+ 0.89	ICBAX
FRNRX	+ 0.88	HNRGX
APWEX	+ 0.87	HNRGX
ICBAX	+ 0.84	HNRGX
APWEX	+ 0.79	FRNRX
XGNTX	+ 0.77	GAAEX

High negative correlations

APWEX	- 0.32	GAAEX
GAAEX	- 0.31	HNRGX
GAAEX	- 0.21	ICBAX
XGNTX	- 0.04	HNRGX
XGNTX	- 0.0	ICBAX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Trivalent 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 Trivalent'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
HNRGX	0.92	0.10	(0.01)	1.50	1.11	(0.96)	1.80	(1.85)	5.32
ICBAX	0.80	(0.01)	0.01	0.11	0.76	(0.92)	1.49	(1.24)	6.37
FRNRX	0.77	0.03	(0.07)	2.44	1.08	(0.77)	1.58	(1.79)	4.33
GAAEX	1.00	(0.13)	0.00	(0.10)	0.00	0.00	1.93	(2.35)	5.59
XGNTX	0.54	(0.04)	0.00	(0.50)	0.00	0.00	1.23	(1.26)	3.30
APWEX	0.89	0.05	0.04	0.17	1.01	(0.96)	1.83	(1.79)	5.85

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