Victory High Correlations

RHYKX Fund

USD 5.55 0.01 0.18%

The current 90-days correlation between Victory High Yield and Prudential High Yield is 0.13 (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

Good diversification

The correlation between Victory High Yield and DJI is -0.06 (i.e., Good 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

0.76	VWEAX	Vanguard High Yield	Pair Corr
0.75	VWEHX	Vanguard High Yield	Pair Corr
0.88	BHYCX	Blackrock Hi Yld	Pair Corr
0.93	BHYIX	Blackrock High Yield	Pair Corr
0.9	BHYSX	Blackrock Hi Yld	Pair Corr
0.93	BHYAX	Blackrock High Yield	Pair Corr
0.94	FAHHX	American Funds American	Pair Corr
0.95	FTAHX	American Funds American	Pair Corr
0.96	AHTFX	American High Income	Pair Corr
0.92	AHTCX	American High Income	Pair Corr
0.86	ASG	Liberty All Star	Pair Corr
0.77	CII	Blackrock Enhanced	Pair Corr
0.88	ETV	Eaton Vance Tax	Pair Corr
0.83	CLM	Cornerstone Strategic	Pair Corr
0.86	CRF	Cornerstone Strategic	Pair Corr
0.88	USA	Liberty All Star	Pair Corr
0.9	ETY	Eaton Vance Tax	Pair Corr
0.72	NFJ	Virtus Dividend Interest	Pair Corr
0.82	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.79	PRDSX	T Rowe Price	Pair Corr
0.71	WCEYX	Ivy E Equity	Pair Corr
0.71	GAB	Gabelli Equity Trust	Pair Corr
0.64	TEGYX	Mid Cap Growth	Pair Corr
0.61	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.82	KMKNX	Kinetics Market Oppo Steady Growth	Pair Corr
0.83	WMT	Walmart Aggressive Push	Pair Corr
0.87	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.8	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against VICTORY Mutual Fund

0.62	MUCYX	Victory Incore Total	Pair Corr
0.86	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.8	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.73	KO	Coca Cola Aggressive Push	Pair Corr
0.62	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	PHYZX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX
PHYZX		-0.59	0.0	-0.44	0.72	0.96	0.49	-0.25	0.18	0.69	PHYZX
444859BR2	-0.59		0.0	0.22	-0.53	-0.54	-0.03	0.41	-0.41	-0.69	444859BR2
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.44	0.22	0.0		-0.45	-0.35	-0.4	-0.04	0.1	-0.32	BRRAY
MSTSX	0.72	-0.53	0.0	-0.45		0.67	0.34	-0.02	-0.08	0.75	MSTSX
LBHIX	0.96	-0.54	0.0	-0.35	0.67		0.51	-0.29	0.22	0.68	LBHIX
ABHYX	0.49	-0.03	0.0	-0.4	0.34	0.51		-0.05	-0.17	0.07	ABHYX
SCAXF	-0.25	0.41	0.0	-0.04	-0.02	-0.29	-0.05		-0.8	-0.43	SCAXF
VIASP	0.18	-0.41	0.0	0.1	-0.08	0.22	-0.17	-0.8		0.41	VIASP
AAEVX	0.69	-0.69	0.0	-0.32	0.75	0.68	0.07	-0.43	0.41		AAEVX
	PHYZX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX

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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

LBHIX	+ 0.96	PHYZX
AAEVX	+ 0.75	MSTSX
MSTSX	+ 0.72	PHYZX
AAEVX	+ 0.69	PHYZX
AAEVX	+ 0.68	LBHIX
LBHIX	+ 0.67	MSTSX

High negative correlations

VIASP	- 0.8	SCAXF
AAEVX	- 0.69	444859BR2
444859BR2	- 0.59	PHYZX
LBHIX	- 0.54	444859BR2
MSTSX	- 0.53	444859BR2
MSTSX	- 0.45	BRRAY

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
PHYZX	0.12	0.02	(0.46)	1.08	0.00	(0.29)	0.42	(0.21)	0.63
444859BR2	1.35	(0.09)	0.00	(0.14)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.13)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.42)	0.38	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.17	0.00	(0.24)	0.19	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.41)	0.00	(0.98)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.07	(0.04)	(2.04)	1.13	(0.80)	2.28	(1.20)	7.18
AAEVX	0.48	0.05	(0.10)	(2.13)	0.54	(0.57)	0.93	(0.77)	2.76

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