Victory Rs Correlations

REGWX Fund

USD 46.05 0.05 0.11%

The current 90-days correlation between Victory Rs Small and Janus Global Technology is 0.28 (i.e., Modest diversification). The correlation of Victory Rs 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 Rs Correlation With Market

Poor diversification

The correlation between Victory Rs Small and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Rs Small and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Victory Rs Small. 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 services.

Moving together with Victory Mutual Fund

0.62	MMMSX	Victory Integrity	Pair Corr
0.61	RSPMX	Victory Rs Partners	Pair Corr
0.62	MAICX	Victory Trivalent	Pair Corr
0.63	URSIX	Target Retirement 2060	Pair Corr

Moving against Victory Mutual Fund

0.4	UNYIX	New York Bond	Pair Corr
0.34	RSTYX	Victory Tax Exempt	Pair Corr
0.33	GUTEX	Victory Tax Exempt	Pair Corr
0.54	RHMMX	Victory High Income	Pair Corr
0.35	UTELX	Tax Exempt Long	Pair Corr

Related Correlations Analysis

	JNGTX	JGLTX	TEFQX	CMTFX	ICTEX	HTECX	TEPIX
JNGTX		0.39	0.02	0.82	0.85	0.97	0.61	JNGTX
JGLTX	0.39		0.7	0.77	0.16	0.19	0.91	JGLTX
TEFQX	0.02	0.7		0.36	-0.25	-0.06	0.6	TEFQX
CMTFX	0.82	0.77	0.36		0.66	0.7	0.9	CMTFX
ICTEX	0.85	0.16	-0.25	0.66		0.85	0.4	ICTEX
HTECX	0.97	0.19	-0.06	0.7	0.85		0.45	HTECX
TEPIX	0.61	0.91	0.6	0.9	0.4	0.45		TEPIX
	JNGTX	JGLTX	TEFQX	CMTFX	ICTEX	HTECX	TEPIX

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

HTECX	+ 0.97	JNGTX
TEPIX	+ 0.91	JGLTX
TEPIX	+ 0.9	CMTFX
ICTEX	+ 0.85	JNGTX
HTECX	+ 0.85	ICTEX
CMTFX	+ 0.82	JNGTX

High negative correlations

ICTEX	- 0.25	TEFQX
HTECX	- 0.06	TEFQX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Rs 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 Rs' 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
JNGTX	1.21	0.19	0.13	0.30	1.11	(1.32)	2.42	(2.30)	19.25
JGLTX	0.96	(0.04)	(0.03)	0.07	1.33	(0.93)	2.13	(2.26)	5.55
TEFQX	1.49	(0.25)	0.00	(0.03)	0.00	0.00	2.94	(4.32)	8.44
CMTFX	0.99	0.01	0.01	0.12	1.37	(0.92)	2.16	(2.58)	6.22
ICTEX	1.33	0.37	0.35	0.38	0.58	(1.71)	1.78	(1.98)	30.28
HTECX	1.36	0.40	0.22	3.56	0.95	(1.64)	1.64	(2.08)	28.96
TEPIX	1.48	(0.04)	0.01	0.09	2.26	(1.30)	3.61	(3.82)	9.12

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