VictoryShares Small Correlations

USVM Etf

USD 93.43 0.00 0.00%

The current 90-days correlation between VictoryShares Small Mid and IQ 50 Percent is 0.73 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VictoryShares Small moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VictoryShares Small Mid moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

VictoryShares Small Correlation With Market

Very poor diversification

The correlation between VictoryShares Small Mid and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VictoryShares Small Mid and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with VictoryShares Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VictoryShares Small Mid. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in services.

Moving together with VictoryShares Etf

0.99	VBR	Vanguard Small Cap	Pair Corr
0.97	IWN	iShares Russell 2000	Pair Corr
0.99	IJJ	iShares SP Mid	Pair Corr
0.98	DFAT	Dimensional Targeted	Pair Corr
0.97	IJS	iShares SP Small	Pair Corr
0.97	SLYV	SPDR SP 600	Pair Corr
0.98	AVUV	Avantis Small Cap	Pair Corr
0.96	DES	WisdomTree SmallCap	Pair Corr
0.99	MDYV	SPDR SP 400	Pair Corr
0.94	CALF	Pacer Small Cap	Pair Corr
0.76	TOT	Advisor Managed Port	Pair Corr
0.65	LUX	Tema Global	Pair Corr
0.7	FB	ProShares Trust ProShares	Pair Corr
0.77	SWP	SWP Growth Income	Pair Corr
0.86	DUKH	Ocean Park High	Pair Corr
0.68	MCD	McDonalds	Pair Corr
0.66	JNJ	Johnson Johnson	Pair Corr
0.7	BAC	Bank of America	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr
0.81	WMT	Walmart Common Stock Sell-off Trend	Pair Corr

Moving against VictoryShares Etf

0.45	MSFT	Microsoft Sell-off Trend	Pair Corr
0.37	T	ATT Inc	Pair Corr

Related Correlations Analysis

	HFXI	OIH	LGLV	FTA	FVAL	FNX	CGIE	QQXT	GEM	BKIE
HFXI		0.7	0.36	0.83	0.96	0.6	0.9	0.65	0.76	0.95	HFXI
OIH	0.7		-0.03	0.64	0.76	0.25	0.47	0.29	0.55	0.57	OIH
LGLV	0.36	-0.03		0.67	0.39	0.7	0.52	0.79	0.0	0.56	LGLV
FTA	0.83	0.64	0.67		0.89	0.75	0.76	0.82	0.39	0.89	FTA
FVAL	0.96	0.76	0.39	0.89		0.67	0.85	0.72	0.68	0.93	FVAL
FNX	0.6	0.25	0.7	0.75	0.67		0.74	0.89	0.34	0.77	FNX
CGIE	0.9	0.47	0.52	0.76	0.85	0.74		0.74	0.77	0.95	CGIE
QQXT	0.65	0.29	0.79	0.82	0.72	0.89	0.74		0.34	0.79	QQXT
GEM	0.76	0.55	0.0	0.39	0.68	0.34	0.77	0.34		0.66	GEM
BKIE	0.95	0.57	0.56	0.89	0.93	0.77	0.95	0.79	0.66		BKIE
	HFXI	OIH	LGLV	FTA	FVAL	FNX	CGIE	QQXT	GEM	BKIE

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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

FVAL	+ 0.96	HFXI
BKIE	+ 0.95	HFXI
BKIE	+ 0.95	CGIE
BKIE	+ 0.93	FVAL
CGIE	+ 0.9	HFXI
FVAL	+ 0.89	FTA

High negative correlations

LGLV	- 0.03	OIH
GEM	- 0.0	LGLV

VictoryShares Small Constituents Risk-Adjusted Indicators

There is a big difference between VictoryShares Etf performing well and VictoryShares Small ETF 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 VictoryShares Small'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
HFXI	0.53	0.07	0.08	0.15	0.62	(0.58)	1.20	(1.14)	3.16
OIH	1.40	0.16	0.08	0.19	1.85	(1.41)	3.00	(2.93)	9.53
LGLV	0.45	(0.05)	0.00	(0.04)	0.00	0.00	0.94	(0.91)	2.36
FTA	0.59	0.02	0.01	0.08	0.66	(0.63)	1.16	(1.07)	3.31
FVAL	0.57	0.03	0.03	0.08	0.76	(0.56)	1.27	(1.16)	3.20
FNX	0.84	(0.04)	(0.02)	0.02	1.04	(0.85)	1.79	(1.69)	4.13
CGIE	0.63	0.02	0.01	0.08	0.77	(0.62)	1.22	(1.20)	3.25
QQXT	0.51	(0.04)	(0.08)	0.00	0.66	(0.52)	0.98	(1.02)	2.82
GEM	0.71	0.05	0.04	0.12	0.87	(0.76)	1.64	(1.23)	4.77
BKIE	0.57	0.03	0.03	0.10	0.68	(0.59)	1.16	(1.18)	2.80

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