Victory Rs Correlations

RSMOX Fund

USD 23.64 0.45 1.94%

The current 90-days correlation between Victory Rs Mid and Income Fund Income is 0.06 (i.e., Significant 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

Significant diversification

The correlation between Victory Rs Mid and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Rs Mid 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 Mid. 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 persons.

Moving together with Victory Mutual Fund

0.99	RSDGX	Victory Rs Select	Pair Corr
0.67	RSGGX	Victory Rs Global	Pair Corr
0.99	RSGFX	Victory Rs Select	Pair Corr
0.94	RSIFX	Victory Rs Science	Pair Corr
0.97	RSMMX	Victory Rs Small	Pair Corr

Moving against Victory Mutual Fund

0.43	RSENX	Victory Sophus Emerging	Pair Corr
0.55	UPMMX	Precious Metals And	Pair Corr
0.54	UNYBX	New York Bond	Pair Corr

Related Correlations Analysis

	UINCX	UINQX	SRVEX	UITBX	UITCX	UITIX	GUTEX	SSGSX	SBALX	SSVSX
UINCX		0.5	0.56	0.81	0.98	0.8	0.78	0.57	0.69	0.62	UINCX
UINQX	0.5		0.15	0.41	0.46	0.41	0.37	0.18	0.32	0.23	UINQX
SRVEX	0.56	0.15		0.69	0.6	0.68	0.75	0.96	0.93	0.93	SRVEX
UITBX	0.81	0.41	0.69		0.82	0.91	0.89	0.71	0.81	0.7	UITBX
UITCX	0.98	0.46	0.6	0.82		0.8	0.77	0.6	0.72	0.65	UITCX
UITIX	0.8	0.41	0.68	0.91	0.8		0.97	0.71	0.77	0.73	UITIX
GUTEX	0.78	0.37	0.75	0.89	0.77	0.97		0.77	0.82	0.79	GUTEX
SSGSX	0.57	0.18	0.96	0.71	0.6	0.71	0.77		0.95	0.95	SSGSX
SBALX	0.69	0.32	0.93	0.81	0.72	0.77	0.82	0.95		0.94	SBALX
SSVSX	0.62	0.23	0.93	0.7	0.65	0.73	0.79	0.95	0.94		SSVSX
	UINCX	UINQX	SRVEX	UITBX	UITCX	UITIX	GUTEX	SSGSX	SBALX	SSVSX

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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
UINCX	0.23	(0.01)	0.00	1.10	0.00	0.00	0.44	(0.52)	1.41
UINQX	0.89	0.06	0.01	0.25	1.12	(0.99)	1.68	(1.79)	6.34
SRVEX	0.86	(0.10)	0.00	(0.15)	0.00	0.00	1.28	(1.96)	12.36
UITBX	0.24	(0.02)	0.00	(0.21)	0.00	0.00	0.66	(0.55)	1.42
UITCX	0.21	(0.02)	0.00	(0.35)	0.00	0.00	0.55	(0.44)	1.43
UITIX	0.15	(0.01)	(0.21)	(0.07)	0.23	(0.20)	0.32	(0.40)	1.36
GUTEX	0.26	(0.01)	(0.16)	(0.11)	0.39	(0.29)	0.48	(0.70)	2.14
SSGSX	0.93	(0.09)	0.00	(0.07)	0.00	0.00	1.64	(1.32)	13.79
SBALX	0.40	(0.05)	0.00	(0.11)	0.00	0.00	0.76	(0.72)	5.37
SSVSX	0.89	(0.14)	0.00	(0.16)	0.00	0.00	1.55	(2.21)	13.68

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