Victory Rs Correlations

RPPRX Fund

35.21 0.06 0.17%

The current 90-days correlation between Victory Rs Partners and Calvert High Yield is 0.18 (i.e., Average 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

Significant diversification

The correlation between Victory Rs Partners and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Rs Partners 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 Partners. 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 metropolitan statistical area.

Moving together with Victory Mutual Fund

0.69	VSIIX	Vanguard Small Cap	Pair Corr
0.69	VISVX	Vanguard Small Cap	Pair Corr
0.77	DFSVX	Us Small Cap	Pair Corr
0.75	DFFVX	Us Targeted Value	Pair Corr
0.79	UBVCX	Undiscovered Managers	Pair Corr
0.79	UBVAX	Undiscovered Managers	Pair Corr
0.79	UBVSX	Undiscovered Managers	Pair Corr
0.74	AVFIX	American Beacon Small	Pair Corr
0.62	KSOCX	Kinetics Small Cap	Pair Corr
0.65	KINAX	Kinetics Internet	Pair Corr
0.63	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.63	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.62	KSCYX	Kinetics Small Cap	Pair Corr
0.63	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.62	KSCOX	Kinetics Small Cap	Pair Corr
0.63	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.65	KINCX	Kinetics Internet	Pair Corr
0.62	DIS	Walt Disney Sell-off Trend	Pair Corr
0.67	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.68	BAC	Bank of America Aggressive Push	Pair Corr

Moving against Victory Mutual Fund

0.63	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.46	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	CYBAX	FAGIX	AHYMX	PGHCX	PHYZX
CYBAX		0.71	0.72	0.92	0.88	CYBAX
FAGIX	0.71		0.67	0.88	0.78	FAGIX
AHYMX	0.72	0.67		0.79	0.77	AHYMX
PGHCX	0.92	0.88	0.79		0.95	PGHCX
PHYZX	0.88	0.78	0.77	0.95		PHYZX
	CYBAX	FAGIX	AHYMX	PGHCX	PHYZX

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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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CYBAX	0.10	0.00	(0.88)	0.21	(0.13)	0.24	(0.16)	0.73
FAGIX	0.19	0.03	(0.22)	0.24	(0.26)	0.40	(0.29)	1.17
AHYMX	0.10	0.02	(0.35)	(0.32)	(0.18)	0.33	(0.22)	1.09
PGHCX	0.13	0.02	(0.36)	0.38	(0.34)	0.53	(0.26)	0.80
PHYZX	0.12	0.02	(0.49)	1.10	(0.29)	0.42	(0.21)	0.63

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