Victory High Correlations

RHMYX Fund

USD 9.23 0.00 0.00%

The current 90-days correlation between Victory High Income and Aqr Sustainable Long Short is 0.17 (i.e., Average diversification). The correlation of Victory High 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 High Correlation With Market

Average diversification

The correlation between Victory High Income and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory High Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios. 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

0.89	RETCX	Victory Tax Exempt	Pair Corr
0.69	MUCCX	Victory Incore Total	Pair Corr
0.64	MUCYX	Victory Incore Total	Pair Corr

Moving against Victory Mutual Fund

0.6	GUBGX	Victory Rs International	Pair Corr
0.58	VSORX	Victory Sycamore Small	Pair Corr
0.56	VEVRX	Victory Sycamore Est	Pair Corr
0.53	MNNCX	Victory Munder Multi	Pair Corr
0.52	GETGX	Victory Sycamore Est	Pair Corr
0.52	VEVIX	Victory Sycamore Est	Pair Corr
0.52	VEVYX	Victory Sycamore Est	Pair Corr
0.49	VDSIX	Victory Diversified Stock	Pair Corr
0.49	VDSRX	Victory Diversified Stock	Pair Corr
0.46	MSSIX	Victory Trivalent	Pair Corr
0.45	MMEYX	Victory Integrity	Pair Corr
0.42	VSOIX	Victory Sycamore Small	Pair Corr
0.41	RSEJX	Victory Rs Small	Pair Corr
0.41	RSPKX	Victory Rs Partners	Pair Corr
0.39	MRIMX	Victory Integrity Mid	Pair Corr
0.38	GGIFX	Victory Incore	Pair Corr
0.36	RSIRX	Victory Rs International	Pair Corr
0.34	MAISX	Victory Integrity	Pair Corr
0.33	VFFIX	Victory Incore	Pair Corr
0.32	MNNYX	Victory Munder Multi	Pair Corr
0.58	RIGCX	Victory Rs International	Pair Corr
0.57	MGOYX	Victory Munder Mid	Pair Corr
0.57	MYIMX	Victory Integrity Mid	Pair Corr
0.55	MICYX	Victory Trivalent	Pair Corr
0.54	RMOCX	Victory Rs Mid	Pair Corr
0.54	RMORX	Victory Rs Mid	Pair Corr
0.53	MYISX	Victory Integrity	Pair Corr
0.53	MYSIX	Victory Trivalent	Pair Corr
0.52	MUXRX	Victory Sp 500	Pair Corr
0.45	PFN	Pimco Income Strategy	Pair Corr

Related Correlations Analysis

	QNZIX	HYSZX	BPIRX	FUEMX	CMGUX
QNZIX		0.52	0.61	0.49	0.44	QNZIX
HYSZX	0.52		0.54	0.91	0.93	HYSZX
BPIRX	0.61	0.54		0.51	0.49	BPIRX
FUEMX	0.49	0.91	0.51		0.98	FUEMX
CMGUX	0.44	0.93	0.49	0.98		CMGUX
	QNZIX	HYSZX	BPIRX	FUEMX	CMGUX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory High 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 High'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
QNZIX	0.66	0.06	0.03	0.20	0.65	(0.70)	1.29	(1.12)	3.24
HYSZX	0.09	0.00	(0.48)	0.05	0.00	(0.17)	0.12	(0.24)	0.71
BPIRX	0.56	0.21	0.27	0.82	0.00	(0.69)	1.11	(0.73)	10.60
FUEMX	0.02	0.00	0.00	(0.13)	0.00	0.00	0.00	0.00	0.30
CMGUX	0.03	0.00	0.00	(0.01)	0.00	0.00	0.11	0.00	0.43

Victory High Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Victory High mutual fund to make a market-neutral strategy. Peer analysis of Victory High could also be used in its relative valuation, which is a method of valuing Victory High by comparing valuation metrics with similar companies.

Aqr Sustainable Long Short Prudential Short Duration Boston Partners Longshort Fidelity Flex Servative Cmg Ultra Short American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp The Home Depot International Business Machines

Risk & Return

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