Victory Rs Correlations

RSEJX Fund

USD 69.43 0.85 1.24%

The current 90-days correlation between Victory Rs Small and Western Asset High is -0.11 (i.e., Good 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 0.77 (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 inflation.

Moving together with Victory Mutual Fund

0.8	VSGAX	Vanguard Small Cap	Pair Corr
0.8	VSGIX	Vanguard Small Cap	Pair Corr
0.8	VISGX	Vanguard Small Cap	Pair Corr
0.85	VEXPX	Vanguard Explorer	Pair Corr
0.85	VEXRX	Vanguard Explorer	Pair Corr
0.82	JGMIX	Janus Triton	Pair Corr
0.82	JGMRX	Janus Triton	Pair Corr
0.82	JGMAX	Janus Triton	Pair Corr
0.82	JGMCX	Janus Triton	Pair Corr
0.82	JGMNX	Janus Triton	Pair Corr
0.63	DIS	Walt Disney Aggressive Push	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.71	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.7	BAC	Bank of America Aggressive Push	Pair Corr
0.73	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against Victory Mutual Fund

0.66	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.6	KO	Coca Cola Aggressive Push	Pair Corr
0.59	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.55	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	WAHSX	MWHIX	AAAIX	APHFX	GFRCX	RHMYX	SGYAX
WAHSX		0.79	0.76	0.96	0.83	0.33	0.91	WAHSX
MWHIX	0.79		0.42	0.7	0.47	0.67	0.7	MWHIX
AAAIX	0.76	0.42		0.81	0.74	0.11	0.75	AAAIX
APHFX	0.96	0.7	0.81		0.9	0.2	0.95	APHFX
GFRCX	0.83	0.47	0.74	0.9		-0.03	0.89	GFRCX
RHMYX	0.33	0.67	0.11	0.2	-0.03		0.1	RHMYX
SGYAX	0.91	0.7	0.75	0.95	0.89	0.1		SGYAX
	WAHSX	MWHIX	AAAIX	APHFX	GFRCX	RHMYX	SGYAX

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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

APHFX	+ 0.96	WAHSX
SGYAX	+ 0.95	APHFX
SGYAX	+ 0.91	WAHSX
GFRCX	+ 0.9	APHFX
SGYAX	+ 0.89	GFRCX
GFRCX	+ 0.83	WAHSX

High negative correlations

RHMYX

- 0.03

GFRCX

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
WAHSX	0.13	0.02	(0.53)	(1.93)	0.00	(0.24)	0.43	(0.14)	0.86
MWHIX	0.10	0.00	(0.73)	0.63	0.00	(0.19)	0.22	(0.21)	0.65
AAAIX	0.42	0.05	(0.11)	1.53	0.44	(0.50)	0.95	(0.70)	2.41
APHFX	0.11	0.04	(0.57)	(0.97)	0.00	(0.18)	0.22	(0.22)	0.90
GFRCX	0.07	0.02	(0.80)	(0.89)	0.00	(0.23)	0.12	(0.11)	0.80
RHMYX	0.24	0.04	(0.20)	(0.14)	0.34	(0.28)	0.53	(0.61)	1.98
SGYAX	0.14	0.02	(0.51)	0.40	0.00	(0.26)	0.28	(0.14)	1.28

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