Victory Sophus Correlations
| RSENX Fund | USD 19.65 0.10 0.51% |
The current 90-days correlation between Victory Sophus Emerging and T Rowe Price is 0.4 (i.e., Very weak diversification). The correlation of Victory Sophus 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 Sophus Correlation With Market
Weak diversification
The correlation between Victory Sophus Emerging and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Sophus Emerging and DJI in the same portfolio, assuming nothing else is changed.
Victory |
Moving together with Victory Mutual Fund
| 0.65 | SBALX | Victory Strategic | PairCorr |
| 0.74 | RSIGX | Victory Rs International | PairCorr |
| 0.61 | UPMMX | Precious Metals And | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Victory Mutual Fund performing well and Victory Sophus 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 Sophus' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PRNHX | 0.78 | 0.03 | 0.04 | 0.15 | 1.01 | 1.80 | 6.84 | |||
| NQQQX | 0.76 | (0.01) | (0.01) | 0.11 | 1.09 | 1.55 | 5.13 | |||
| JTSQX | 0.50 | (0.04) | (0.12) | 0.06 | 0.63 | 1.12 | 3.11 | |||
| EICVX | 0.47 | (0.02) | (0.13) | 0.09 | 0.39 | 1.06 | 2.04 | |||
| RYNCX | 0.80 | (0.01) | 0.02 | 0.11 | 1.05 | 1.71 | 5.77 | |||
| LANIX | 0.50 | (0.02) | (0.07) | 0.10 | 0.55 | 0.99 | 3.06 | |||
| RGABX | 0.65 | 0.02 | 0.01 | 0.14 | 0.85 | 1.34 | 4.40 |