Victory Incore Correlations

SBFCX Fund

USD 18.27 0.02 0.11%

The current 90-days correlation between Victory Incore Investment and Hennessy Small Cap is -0.03 (i.e., Good diversification). The correlation of Victory Incore 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 Incore Correlation With Market

Very poor diversification

The correlation between Victory Incore Investment and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Incore Investment and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Victory Incore Investment. 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 private.

Moving together with Victory Mutual Fund

0.91	SRVEX	Victory Diversified Stock	Pair Corr
0.95	SSGSX	Victory Sycamore Small	Pair Corr
0.91	MMECX	Victory Integrity Steady Growth	Pair Corr
0.94	MMEAX	Victory Integrity	Pair Corr
0.91	MNNAX	Victory Munder Multi	Pair Corr
0.82	IPFIX	Victory Incore	Pair Corr
0.86	RSDYX	Victory Incore Low	Pair Corr
0.83	RSEGX	Victory Rs Small Potential Growth	Pair Corr
0.94	RSDGX	Victory Rs Select	Pair Corr
0.81	RSFYX	Victory Floating Rate	Pair Corr
0.86	RSGGX	Victory Rs Global	Pair Corr
0.8	RSGRX	Victory Rs Growth	Pair Corr
0.8	RSFCX	Victory Floating Rate	Pair Corr
0.83	RSFLX	Victory Floating Rate	Pair Corr
0.68	RSIFX	Victory Rs Science	Pair Corr
0.96	RSINX	Victory Rs Investors	Pair Corr
0.88	RSIGX	Victory Rs International	Pair Corr
0.93	RSIYX	Victory Rs Investors	Pair Corr
0.68	RSMOX	Victory Rs Mid	Pair Corr
0.95	RSPFX	Victory Rs Partners	Pair Corr
0.85	RSNRX	Victory Global Natural	Pair Corr
0.86	RSNYX	Victory Global Natural	Pair Corr
0.93	RSPYX	Victory Rs Partners	Pair Corr
0.93	RSSYX	Victory Rs Select	Pair Corr
0.94	RSVAX	Victory Rs Value	Pair Corr
0.93	RSVYX	Victory Rs Value	Pair Corr
0.79	RSYEX	Victory Rs Small Potential Growth	Pair Corr
0.89	RSYYX	Victory High Yield	Pair Corr
0.94	VSCVX	Victory Integrity Small	Pair Corr
0.9	VSVIX	Victory Integrity Small	Pair Corr
0.91	RCEYX	Victory Rs Large	Pair Corr
0.91	RCOCX	Victory Rs Large	Pair Corr
0.92	RVACX	Victory Rs Value	Pair Corr
0.96	MAIMX	Victory Integrity Mid	Pair Corr
0.9	VDSCX	Victory Diversified Stock	Pair Corr
0.9	URFRX	Target Retirement 2040	Pair Corr
0.9	URFFX	Target Retirement 2050	Pair Corr
0.9	URINX	Target Retirement Income	Pair Corr
0.89	URTRX	Target Retirement 2030	Pair Corr

Related Correlations Analysis

	SECEX	NUW	IIF	CRMSX	FMPFX	TRRUX	RIV	MUHLX	HSFNX
SECEX		0.67	-0.21	0.63	0.66	0.71	0.76	0.63	0.59	SECEX
NUW	0.67		-0.38	0.68	0.7	0.8	0.78	0.72	0.7	NUW
IIF	-0.21	-0.38		-0.57	-0.41	-0.53	-0.62	-0.74	-0.47	IIF
CRMSX	0.63	0.68	-0.57		0.95	0.84	0.92	0.93	0.93	CRMSX
FMPFX	0.66	0.7	-0.41	0.95		0.88	0.88	0.88	0.88	FMPFX
TRRUX	0.71	0.8	-0.53	0.84	0.88		0.87	0.9	0.75	TRRUX
RIV	0.76	0.78	-0.62	0.92	0.88	0.87		0.93	0.88	RIV
MUHLX	0.63	0.72	-0.74	0.93	0.88	0.9	0.93		0.84	MUHLX
HSFNX	0.59	0.7	-0.47	0.93	0.88	0.75	0.88	0.84		HSFNX
	SECEX	NUW	IIF	CRMSX	FMPFX	TRRUX	RIV	MUHLX	HSFNX

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

FMPFX	+ 0.95	CRMSX
MUHLX	+ 0.93	CRMSX
HSFNX	+ 0.93	CRMSX
MUHLX	+ 0.93	RIV
RIV	+ 0.92	CRMSX
MUHLX	+ 0.9	TRRUX

High negative correlations

MUHLX	- 0.74	IIF
RIV	- 0.62	IIF
CRMSX	- 0.57	IIF
TRRUX	- 0.53	IIF
HSFNX	- 0.47	IIF
FMPFX	- 0.41	IIF

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Incore 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 Incore'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SECEX	0.54	0.00	(0.05)	0.06	0.80	(0.52)	0.99	(1.34)	3.80
NUW	0.26	0.02	(0.05)	0.44	0.22	(0.31)	0.57	(0.56)	1.40
IIF	0.56	(0.12)	0.00	(0.25)	0.00	0.00	0.90	(1.02)	4.47
CRMSX	0.83	0.07	0.07	0.11	0.89	(0.94)	2.18	(1.61)	5.65
FMPFX	1.01	0.02	0.02	0.07	1.15	(1.13)	1.85	(1.91)	6.63
TRRUX	0.27	0.06	0.09	0.22	0.00	(0.36)	0.51	(0.42)	4.52
RIV	0.47	0.10	0.09	1.49	0.36	(0.54)	0.98	(0.82)	2.96
MUHLX	0.73	0.12	0.11	0.18	0.77	(0.75)	1.68	(1.45)	4.66
HSFNX	1.23	0.34	0.28	0.34	0.81	(1.67)	3.76	(1.52)	14.51

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