Victory Floating Correlations

RSFCX Fund

USD 7.22 0.12 0.00%

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.

Check out Your Equity Center to better understand how to build diversified portfolios. 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 main economic indicators.

Moving together with Victory Mutual Fund

0.61	OOSIX	Oppenheimer Senior	Pair Corr
0.72	LFRIX	Floating Rate	Pair Corr
0.72	LARCX	Floating Rate	Pair Corr
0.7	LFRRX	Lord Abbett Inv	Pair Corr
0.73	LFRFX	Floating Rate	Pair Corr
0.72	LRRRX	Floating Rate	Pair Corr
0.72	LRRTX	Floating Rate	Pair Corr
0.72	LRRVX	Floating Rate	Pair Corr
0.74	LRRKX	Floating Rate	Pair Corr
0.74	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.74	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.74	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.73	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.69	KINCX	Kinetics Internet	Pair Corr
0.72	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.69	KINAX	Kinetics Internet	Pair Corr
0.72	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.72	LETRX	Voya Russia Fund	Pair Corr
0.72	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.71	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.72	TEGYX	Mid Cap Growth	Pair Corr
0.71	KMKNX	Kinetics Market Oppo Steady Growth	Pair Corr
0.78	AMEIX	Equity Growth	Pair Corr
0.65	HFCGX	Hennessy Nerstone Growth	Pair Corr
0.64	FSRBX	Banking Portfolio Banking	Pair Corr
0.83	WCEYX	Ivy E Equity	Pair Corr
0.69	PRDSX	T Rowe Price	Pair Corr

Related Correlations Analysis

	SMOAX	TCTZX	TDIFX	RERPX	JTSQX	CMACX
SMOAX		0.78	0.95	0.92	0.46	0.77	SMOAX
TCTZX	0.78		0.84	0.78	0.79	0.82	TCTZX
TDIFX	0.95	0.84		0.96	0.64	0.87	TDIFX
RERPX	0.92	0.78	0.96		0.67	0.88	RERPX
JTSQX	0.46	0.79	0.64	0.67		0.81	JTSQX
CMACX	0.77	0.82	0.87	0.88	0.81		CMACX
	SMOAX	TCTZX	TDIFX	RERPX	JTSQX	CMACX

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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
SMOAX	0.20	0.00	(0.44)	0.09	0.19	(0.24)	0.34	(0.42)	1.10
TCTZX	0.25	(0.02)	(0.29)	0.04	0.28	(0.27)	0.60	(0.60)	1.33
TDIFX	0.16	0.00	(0.51)	0.12	0.15	(0.18)	0.35	(0.26)	0.95
RERPX	0.26	0.00	(0.30)	0.30	0.31	(0.29)	0.55	(0.62)	1.57
JTSQX	0.50	(0.04)	(0.12)	0.06	0.63	(0.52)	1.12	(0.93)	3.11
CMACX	0.35	0.01	(0.22)	0.51	0.43	(0.36)	0.72	(0.71)	2.02

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Victory Floating Correlations

Moving together with Victory Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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