Victory Floating Correlations

Mutual Funds . USA . 
Fund . Victory Floating Rate
RSFMX Fund  USD 7.74  0.00  0.00%   
The current 90-days correlation between Victory Floating Rate and Chartwell Small Cap is -0.02 (i.e., Good 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 0.79 (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 state.

Moving together with Victory Mutual Fund

  0.62UITIX Usaa Tax ExemptPairCorr
  0.76SBFMX Victory PortfoliosPairCorr
  0.7RPPRX Victory Rs PartnersPairCorr
  0.73MMIJX Victory Integrity MidPairCorr
  0.73MMMMX Victory IntegrityPairCorr
  0.76MMMSX Victory IntegrityPairCorr
  0.74RSGFX Victory Rs SelectPairCorr
  0.7RSPMX Victory Rs PartnersPairCorr
  0.64UPMMX Precious Metals AndPairCorr
  0.71MAICX Victory TrivalentPairCorr
  0.74REGWX Victory Rs SmallPairCorr
  0.73URITX International FundPairCorr
  0.77URSIX Target Retirement 2060PairCorr
  0.78USBAX Usaa Ultra ShortPairCorr
  0.77UASBX Short Term BondPairCorr
  0.7MCISX Victory TrivalentPairCorr
  0.66VFFCX Victory IncorePairCorr
  0.71VFFMX Victory IncorePairCorr
  0.72USTCX Science TechnologyPairCorr
  0.65USTIX Usaa Tax ExemptPairCorr
  0.73VFFYX Victory IncorePairCorr
  0.75USWGX World GrowthPairCorr
  0.77MUXYX Victory Sp 500PairCorr
  0.64UTESX Tax Exempt ShortPairCorr
  0.95RHYCX Victory High YieldPairCorr
  0.75RIVCX Victory Rs InvestorsPairCorr

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.

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