Victory Rs Correlations

RSIFX Fund

USD 27.49 0.36 1.33%

The current 90-days correlation between Victory Rs Science and Virtus Convertible is 0.22 (i.e., Modest 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

Weak diversification

The correlation between Victory Rs Science and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Rs Science 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 Science. 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 census.

Moving together with Victory Mutual Fund

0.61	VVPR	VivoPower International	Pair Corr
0.61	CETXP	Cemtrex Pref	Pair Corr
0.65	ZENA	ZenaTech	Pair Corr
0.86	FUJIY	FUJIFILM Holdings Corp	Pair Corr

Moving against Victory Mutual Fund

0.68	EVOL	Evolving Systems	Pair Corr
0.61	DLPX	Delphax Technologies	Pair Corr
0.57	FAASW	DigiAsia Corp Symbol Change	Pair Corr
0.54	VHAI	VHAI	Pair Corr
0.46	VEEA	Veea Inc Symbol Change	Pair Corr
0.39	VIDE	Video Display Earnings Call This Week	Pair Corr
0.38	SBIGW	SpringBig Holdings	Pair Corr
0.73	FOXX	Foxx Development Holdings Downward Rally	Pair Corr
0.71	WCT	Wellchange Holdings	Pair Corr
0.61	GETR	Getaround	Pair Corr
0.46	ZPTAW	Zapata Computing Holdings	Pair Corr
0.46	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr
0.45	KBNT	Kubient	Pair Corr
0.71	PERL	Perla Group International	Pair Corr
0.69	VEEAW	Veea Inc Symbol Change	Pair Corr

Related Correlations Analysis

	VAADX	VICIX	PCGYX	FCVSX	CICVX
VAADX		0.47	0.9	0.83	0.89	VAADX
VICIX	0.47		0.65	0.79	0.69	VICIX
PCGYX	0.9	0.65		0.88	0.99	PCGYX
FCVSX	0.83	0.79	0.88		0.91	FCVSX
CICVX	0.89	0.69	0.99	0.91		CICVX
	VAADX	VICIX	PCGYX	FCVSX	CICVX

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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
VAADX	0.59	0.08	0.11	2.26	0.61	(0.70)	1.25	(0.97)	4.02
VICIX	0.28	(0.01)	0.00	6.16	0.00	0.00	0.67	(0.54)	2.57
PCGYX	0.48	0.03	0.05	0.14	0.58	(0.55)	0.96	(0.92)	3.48
FCVSX	0.65	0.02	0.02	0.16	0.97	(0.70)	1.30	(1.05)	5.54
CICVX	0.50	0.03	0.04	0.10	0.62	(0.55)	1.07	(0.93)	3.56

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