Victory Rs Correlations

RSGGX Fund

USD 25.03 0.14 0.56%

The current 90-days correlation between Victory Rs Global and International Fund International is -0.27 (i.e., Very good diversification). The correlation of Victory Rs 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 Rs Correlation With Market

Good diversification

The correlation between Victory Rs Global and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Rs Global 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 Rs Global. 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 price.

Moving together with Victory Mutual Fund

0.9	UINQX	Usaa Nasdaq 100	Pair Corr
0.86	SRVEX	Victory Diversified Stock	Pair Corr
0.84	SBALX	Victory Strategic	Pair Corr
0.86	SSVSX	Victory Special Value	Pair Corr
0.86	SBFCX	Victory Incore Investment	Pair Corr
0.89	MMIJX	Victory Integrity Mid	Pair Corr
0.81	MMMSX	Victory Integrity	Pair Corr
0.91	MNNAX	Victory Munder Multi	Pair Corr
0.8	RSEGX	Victory Rs Small	Pair Corr
0.7	RSDGX	Victory Rs Select	Pair Corr
0.74	RSFYX	Victory Floating Rate	Pair Corr
0.7	RSGFX	Victory Rs Select	Pair Corr
0.83	RSGRX	Victory Rs Growth	Pair Corr
0.76	RSFCX	Victory Floating Rate	Pair Corr
0.75	RSFMX	Victory Floating Rate	Pair Corr
0.73	RSFLX	Victory Floating Rate	Pair Corr
0.77	RSIFX	Victory Rs Science	Pair Corr
0.71	RSINX	Victory Rs Investors	Pair Corr
0.77	RSIYX	Victory Rs Investors	Pair Corr
0.64	RSMMX	Victory Rs Small	Pair Corr
0.71	RSMOX	Victory Rs Mid	Pair Corr
0.71	RSPFX	Victory Rs Partners	Pair Corr
0.91	RSNRX	Victory Global Natural	Pair Corr
0.88	RSNYX	Victory Global Natural	Pair Corr
0.72	RSPMX	Victory Rs Partners	Pair Corr

Moving against Victory Mutual Fund

0.55	UITBX	Intermediate Term Bond	Pair Corr
0.54	UITCX	Usaa Intermediate Term	Pair Corr
0.46	UINCX	Income Fund Income	Pair Corr

Related Correlations Analysis

	USIFX	USEMX	USSCX	USAUX	USGRX
USIFX		0.76	-0.41	-0.38	-0.32	USIFX
USEMX	0.76		0.09	0.14	0.17	USEMX
USSCX	-0.41	0.09		0.99	0.98	USSCX
USAUX	-0.38	0.14	0.99		0.98	USAUX
USGRX	-0.32	0.17	0.98	0.98		USGRX
	USIFX	USEMX	USSCX	USAUX	USGRX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

USAUX	+ 0.99	USSCX
USGRX	+ 0.98	USSCX
USGRX	+ 0.98	USAUX
USEMX	+ 0.76	USIFX
USGRX	+ 0.17	USEMX
USAUX	+ 0.14	USEMX

High negative correlations

USSCX	- 0.41	USIFX
USAUX	- 0.38	USIFX
USGRX	- 0.32	USIFX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Rs 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 Rs' 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
USIFX	0.66	(0.12)	0.00	(0.11)	0.00	0.00	1.17	(1.67)	4.41
USEMX	0.73	(0.10)	0.00	(0.09)	0.00	0.00	1.31	(1.82)	4.64
USSCX	0.91	0.04	0.03	0.15	1.21	(0.88)	2.39	(2.56)	6.21
USAUX	0.81	0.01	0.01	0.14	1.09	(0.84)	1.89	(2.33)	5.37
USGRX	0.53	(0.01)	(0.04)	0.11	0.53	(0.60)	1.20	(1.08)	3.63

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