Victory Rs Correlations

RSIYX Fund

USD 19.54 0.04 0.20%

The current 90-days correlation between Victory Rs Investors and Morningstar Aggressive Growth is 0.77 (i.e., Poor 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

Almost no diversification

The correlation between Victory Rs Investors and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Rs Investors 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 Investors. 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 manufacturing.

Moving together with Victory Mutual Fund

0.83	UINQX	Usaa Nasdaq 100	Pair Corr
0.65	SBALX	Victory Strategic	Pair Corr
0.88	SSVSX	Victory Special Value	Pair Corr
0.78	SBFCX	Victory Incore Investment	Pair Corr
0.96	MMECX	Victory Integrity	Pair Corr
0.96	MMEAX	Victory Integrity	Pair Corr
0.95	MMIJX	Victory Integrity Mid	Pair Corr
0.97	MMMSX	Victory Integrity	Pair Corr
0.88	MNNAX	Victory Munder Multi	Pair Corr
0.62	RSFYX	Victory Floating Rate	Pair Corr
0.75	RSGGX	Victory Rs Global	Pair Corr
0.89	RSIFX	Victory Rs Science	Pair Corr
0.69	RSNRX	Victory Global Natural	Pair Corr
0.69	RSNYX	Victory Global Natural	Pair Corr
0.93	RSPMX	Victory Rs Partners	Pair Corr
0.96	RSVAX	Victory Rs Value	Pair Corr
0.96	RSYEX	Victory Rs Small	Pair Corr
0.98	VSCVX	Victory Integrity Small	Pair Corr
0.98	VSVIX	Victory Integrity Small	Pair Corr
0.96	RVACX	Victory Rs Value	Pair Corr
0.88	VDSCX	Victory Diversified Stock	Pair Corr
0.73	URFRX	Target Retirement 2040	Pair Corr
0.93	VETAX	Victory Sycamore Est	Pair Corr
0.83	USAUX	Aggressive Growth	Pair Corr
0.91	USCAX	Small Cap Stock	Pair Corr
0.77	USCGX	Capital Growth	Pair Corr

Moving against Victory Mutual Fund

0.61	UITCX	Usaa Intermediate Term	Pair Corr
0.59	UINCX	Income Fund Income	Pair Corr
0.59	UITBX	Intermediate Term Bond	Pair Corr
0.59	USAIX	Income Fund Income	Pair Corr
0.49	VFFCX	Victory Incore	Pair Corr
0.4	USIFX	International Fund	Pair Corr
0.39	URITX	International Fund	Pair Corr
0.38	MCISX	Victory Trivalent	Pair Corr

Related Correlations Analysis

	AGTFX	GFRCX	LBETX	CDCRX	MWHIX	WAHSX	PKHIX
AGTFX		0.69	0.95	0.96	0.42	0.75	0.75	AGTFX
GFRCX	0.69		0.83	0.77	0.47	0.83	0.88	GFRCX
LBETX	0.95	0.83		0.97	0.35	0.76	0.78	LBETX
CDCRX	0.96	0.77	0.97		0.37	0.72	0.74	CDCRX
MWHIX	0.42	0.47	0.35	0.37		0.79	0.74	MWHIX
WAHSX	0.75	0.83	0.76	0.72	0.79		0.97	WAHSX
PKHIX	0.75	0.88	0.78	0.74	0.74	0.97		PKHIX
	AGTFX	GFRCX	LBETX	CDCRX	MWHIX	WAHSX	PKHIX

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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
AGTFX	0.51	(0.04)	(0.10)	0.07	0.61	(0.59)	1.15	(0.88)	3.06
GFRCX	0.07	0.02	(0.80)	(0.89)	0.00	(0.23)	0.12	(0.11)	0.80
LBETX	0.22	(0.01)	(0.22)	0.10	0.22	(0.26)	0.45	(0.52)	1.42
CDCRX	0.57	(0.03)	(0.06)	0.08	0.69	(0.58)	1.07	(1.12)	3.61
MWHIX	0.10	0.00	(0.73)	0.63	0.00	(0.19)	0.22	(0.21)	0.65
WAHSX	0.13	0.02	(0.53)	(1.93)	0.00	(0.24)	0.43	(0.14)	0.86
PKHIX	0.11	0.02	(0.51)	(1.46)	0.00	(0.18)	0.34	(0.22)	0.90

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