Victory Floating Correlations

RSFCX Fund

USD 7.78 0.02 0.26%

The current 90-days correlation between Victory Floating Rate and T Rowe Price is 0.09 (i.e., Significant diversification). The correlation of Victory Floating 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 Floating Correlation With Market

Poor diversification

The correlation between Victory Floating Rate and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Floating Rate 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 Floating Rate. 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 private.

Moving together with Victory Mutual Fund

0.71	OOSYX	Oppenheimer Senior	Pair Corr
0.94	LFRIX	Floating Rate	Pair Corr
0.93	LARCX	Floating Rate	Pair Corr
0.69	LFRRX	Lord Abbett Inv	Pair Corr
0.94	LFRFX	Floating Rate	Pair Corr
0.94	LRRRX	Floating Rate	Pair Corr
0.93	LRRTX	Floating Rate	Pair Corr
0.93	LRRVX	Floating Rate	Pair Corr
0.93	LRRKX	Floating Rate	Pair Corr
0.72	CWFAX	Chartwell Short Duration	Pair Corr
0.75	CAGEX	Calamos Global Equity	Pair Corr
0.77	GBLCX	American Funds Global	Pair Corr
0.7	ACVAX	Strategic Allocation:	Pair Corr
0.76	SSEAX	Siit Screened World	Pair Corr
0.8	TLHHX	Tiaa Cref Lifecycle	Pair Corr
0.76	CEUFX	Europacific Growth	Pair Corr
0.73	JABVX	John Hancock Global	Pair Corr
0.63	PLAAX	Pace Large Growth	Pair Corr
0.81	AAEUX	American Century One	Pair Corr
0.93	PRFRX	T Rowe Price	Pair Corr
0.74	SAPYX	Clearbridge Appreciation	Pair Corr
0.7	EVFCX	Evaluator Conservative	Pair Corr
0.79	PEUCX	Equity Income	Pair Corr
0.84	CSIBX	Calvert Bond Portfolio	Pair Corr
0.76	WFCPX	Wells Fargo	Pair Corr
0.76	HSNAX	The Hartford Strategic	Pair Corr
0.64	JGMNX	Janus Triton	Pair Corr

Moving against Victory Mutual Fund

0.48	XNBHX	Neuberger Berman Int	Pair Corr
0.34	NXJ	Nuveen New Jersey	Pair Corr

Related Correlations Analysis

	JABKX	LPCRX	TRBSX	HNLVX	TBLKX	PASUX	TBLDX
JABKX		0.94	0.96	0.85	0.96	0.95	0.96	JABKX
LPCRX	0.94		0.97	0.91	0.97	0.97	0.97	LPCRX
TRBSX	0.96	0.97		0.91	1.0	0.99	1.0	TRBSX
HNLVX	0.85	0.91	0.91		0.91	0.95	0.92	HNLVX
TBLKX	0.96	0.97	1.0	0.91		0.99	1.0	TBLKX
PASUX	0.95	0.97	0.99	0.95	0.99		1.0	PASUX
TBLDX	0.96	0.97	1.0	0.92	1.0	1.0		TBLDX
	JABKX	LPCRX	TRBSX	HNLVX	TBLKX	PASUX	TBLDX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Floating 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 Floating'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
JABKX	0.25	0.02	(0.06)	0.31	0.27	(0.27)	0.52	(0.52)	1.44
LPCRX	0.30	0.04	0.02	0.15	0.32	(0.32)	0.63	(0.65)	2.53
TRBSX	0.53	0.04	0.04	0.10	0.61	(0.53)	1.15	(1.27)	2.93
HNLVX	0.99	0.42	0.64	0.47	0.00	(1.19)	1.29	(0.95)	26.68
TBLKX	0.52	0.04	0.04	0.10	0.59	(0.52)	1.16	(1.12)	2.97
PASUX	0.54	0.07	0.07	0.13	0.61	(0.56)	1.14	(1.13)	4.40
TBLDX	0.29	0.02	(0.01)	0.09	0.32	(0.32)	0.67	(0.57)	1.76

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