Victory High Correlations

RHYKX Fund

USD 5.54 0.01 0.18%

The current 90-days correlation between Victory High Yield and Dunham Porategovernment Bond is 0.42 (i.e., Very weak 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

Very weak diversification

The correlation between Victory High Yield and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory High Yield 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 High Yield. 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 industry.

Moving together with Victory Mutual Fund

0.85	GUBGX	Victory Rs International	Pair Corr
1.0	GUHYX	Victory High Yield	Pair Corr
0.8	GGIFX	Victory Incore	Pair Corr
0.85	RSIRX	Victory Rs International	Pair Corr
0.86	MAIRX	Victory Trivalent	Pair Corr
0.85	MSSIX	Victory Trivalent	Pair Corr
0.76	REMKX	Victory Sophus Emerging	Pair Corr
0.76	MUCCX	Victory Incore Total	Pair Corr
0.79	MUCAX	Victory Incore Total	Pair Corr

Moving against Victory Mutual Fund

0.52	RSEJX	Victory Rs Small	Pair Corr
0.47	RSCCX	Victory Rs Small	Pair Corr
0.45	RSCYX	Victory Rs Small	Pair Corr
0.31	RSSRX	Victory Rs Select	Pair Corr
0.36	RGWCX	Victory Rs Growth	Pair Corr

Related Correlations Analysis

	DCCGX	AUNTX	BBINX	AMHIX	GSOIX	CGTCX	ATOAX
DCCGX		0.77	0.87	0.85	0.98	0.97	0.67	DCCGX
AUNTX	0.77		0.82	0.81	0.75	0.72	0.74	AUNTX
BBINX	0.87	0.82		1.0	0.86	0.84	0.62	BBINX
AMHIX	0.85	0.81	1.0		0.84	0.81	0.57	AMHIX
GSOIX	0.98	0.75	0.86	0.84		1.0	0.74	GSOIX
CGTCX	0.97	0.72	0.84	0.81	1.0		0.75	CGTCX
ATOAX	0.67	0.74	0.62	0.57	0.74	0.75		ATOAX
	DCCGX	AUNTX	BBINX	AMHIX	GSOIX	CGTCX	ATOAX

Click cells to compare fundamentals

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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
DCCGX	0.20	0.00	0.29	(0.06)	0.20	(0.26)	0.41	(0.40)	1.23
AUNTX	0.12	(0.01)	0.00	(0.67)	0.00	0.00	0.28	(0.28)	0.76
BBINX	0.14	(0.02)	0.00	0.88	0.00	0.00	0.29	(0.30)	0.78
AMHIX	0.20	(0.03)	0.00	0.78	0.00	0.00	0.40	(0.52)	1.12
GSOIX	0.24	0.01	0.26	0.22	0.24	(0.28)	0.62	(0.46)	1.42
CGTCX	0.25	0.02	0.25	0.25	0.26	(0.29)	0.61	(0.43)	1.56
ATOAX	0.02	0.00	0.00	(0.07)	0.00	0.00	0.00	0.00	0.30

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