Victory Floating Correlations

Mutual Funds . USA . 
Fund . Victory Floating Rate
RSFLX Fund  USD 7.74  0.02  0.26%   
The current 90-days correlation between Victory Floating Rate and Victory Rs Select is 0.1 (i.e., Average 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

Very poor diversification

The correlation between Victory Floating Rate and DJI is 0.83 (i.e., Very 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 board of governors.

Moving together with Victory Mutual Fund

  0.78SSGSX Victory Sycamore SmallPairCorr
  0.82SBFCX Victory Incore InvestmentPairCorr
  0.78MMECX Victory IntegrityPairCorr
  0.78MMEAX Victory IntegrityPairCorr
  0.78MNNAX Victory Munder MultiPairCorr
  0.8IPFIX Victory IncorePairCorr
  0.73RSEGX Victory Rs SmallPairCorr
  0.81RSDGX Victory Rs SelectPairCorr
  0.96RSFYX Victory Floating RatePairCorr
  0.95RSFCX Victory Floating RatePairCorr
  0.78RSIGX Victory Rs InternationalPairCorr
  0.81RSIYX Victory Rs InvestorsPairCorr
  0.69RSMOX Victory Rs MidPairCorr
  0.79RSPFX Victory Rs PartnersPairCorr
  0.77RSNRX Victory Global NaturalPairCorr
  0.78RSNYX Victory Global NaturalPairCorr
  0.79RSPYX Victory Rs PartnersPairCorr
  0.81RSVYX Victory Rs ValuePairCorr
  0.74RSYEX Victory Rs SmallPairCorr
  0.93RSYYX Victory High YieldPairCorr
  0.8RCEYX Victory Rs LargePairCorr
  0.78RCOCX Victory Rs LargePairCorr
  0.8RVACX Victory Rs ValuePairCorr
  0.81MAIMX Victory Integrity MidPairCorr
  0.78VDSCX Victory Diversified StockPairCorr
  0.8URFRX Target Retirement 2040PairCorr
  0.81URFFX Target Retirement 2050PairCorr
  0.8URINX Target Retirement IncomePairCorr
  0.8URTRX Target Retirement 2030PairCorr
  0.74USAAX Growth Fund GrowthPairCorr
  0.72USAGX Precious Metals And Steady GrowthPairCorr
  0.79VETAX Victory Sycamore EstPairCorr
  0.79USAWX World GrowthPairCorr
  0.62USAUX Aggressive GrowthPairCorr
  0.73USATX Tax Exempt IntermediatePairCorr
  0.8USCCX Cornerstone ConservativePairCorr
  0.82USCAX Small Cap StockPairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRVEX  0.78  0.26  0.19 (6.11) 0.51 
(0.90)
 1.63 
(1.23)
 13.26 
SSGSX  0.87  0.27  0.22  1.80  0.47 
(1.09)
 2.61 
(1.22)
 5.75 
SBFCX  0.30  0.03 (0.17)(0.59) 0.30 
(0.35)
 0.66 
(0.61)
 1.54 
MMECX  1.36  0.58  0.54  0.81  0.00 
(1.70)
 2.78 
(1.72)
 26.32 
MMEAX  1.11  0.41  0.30  6.99  0.54 
(1.34)
 2.79 
(1.79)
 12.91 
MNNAX  0.91  0.31  0.21 (4.97) 0.57 
(1.00)
 1.60 
(1.36)
 16.27 
IPFIX  0.05  0.00 (0.51) 0.29  0.00 
(0.15)
 0.15 
(0.15)
 0.30 
RSDYX  0.06  0.01 (0.74) 0.32  0.00 
(0.16)
 0.20 
(0.10)
 0.50 
RSEGX  1.06  0.01 (0.05) 0.27  1.34 
(1.08)
 1.87 
(2.09)
 5.43 
RSDGX  1.12  0.28  0.17  14.75  0.87 
(1.43)
 2.09 
(1.48)
 15.68 

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