Victory Strategic Correlations

VBFCXDelisted Fund

USD 18.24 0.00 0.00%

The current 90-days correlation between Victory Strategic and Shelton Emerging Markets is -0.08 (i.e., Good diversification). The correlation of Victory Strategic 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 Strategic Correlation With Market

Pay attention - limited upside

The correlation between Victory Strategic Allocation and DJI is -0.81 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Strategic Allocation and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. 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

0.62	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.62	HPQ	HP Inc Aggressive Push	Pair Corr

Moving against Victory Mutual Fund

0.76	CAIBX	Capital Income Builder	Pair Corr
0.75	CIBFX	Capital Income Builder	Pair Corr
0.75	CIBCX	Capital Income Builder	Pair Corr
0.75	RIRAX	Capital Income Builder	Pair Corr
0.75	RIREX	Capital Income Builder	Pair Corr
0.75	RIRCX	Capital Income Builder	Pair Corr
0.75	RIRFX	Capital Income Builder	Pair Corr
0.75	CIRCX	Capital Income Builder	Pair Corr
0.75	CIREX	Capital Income Builder	Pair Corr
0.75	RIRBX	Capital Income Builder	Pair Corr
0.71	FSAGX	Gold Portfolio Gold	Pair Corr
0.7	KF	Korea Closed	Pair Corr
0.7	RSNRX	Victory Global Natural	Pair Corr
0.7	OPGSX	Oppenheimer Gold Spec	Pair Corr
0.7	GOLDX	Gabelli Gold	Pair Corr
0.69	SGGDX	First Eagle Gold	Pair Corr
0.69	EKWAX	Wells Fargo Advantage	Pair Corr
0.69	PSPFX	Global Resources	Pair Corr
0.63	FKRCX	Franklin Gold Precious	Pair Corr
0.87	AA	Alcoa Corp	Pair Corr
0.8	BA	Boeing	Pair Corr
0.74	UNWPX	World Precious Minerals	Pair Corr
0.72	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.71	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.7	INTC	Intel Aggressive Push	Pair Corr
0.6	CVX	Chevron Corp	Pair Corr
0.43	GE	GE Aerospace	Pair Corr
0.4	JPM	JPMorgan Chase	Pair Corr
0.37	PFE	Pfizer Inc Earnings Call Today	Pair Corr

Related Correlations Analysis

	EMCIX	APDOX	DBELX	USMIX	CDHIX	PCEMX	EMSLX
EMCIX		-0.73	-0.72	-0.6	-0.72	-0.82	-0.56	EMCIX
APDOX	-0.73		0.96	0.9	0.93	0.92	0.92	APDOX
DBELX	-0.72	0.96		0.83	0.92	0.94	0.88	DBELX
USMIX	-0.6	0.9	0.83		0.92	0.82	0.92	USMIX
CDHIX	-0.72	0.93	0.92	0.92		0.95	0.9	CDHIX
PCEMX	-0.82	0.92	0.94	0.82	0.95		0.8	PCEMX
EMSLX	-0.56	0.92	0.88	0.92	0.9	0.8		EMSLX
	EMCIX	APDOX	DBELX	USMIX	CDHIX	PCEMX	EMSLX

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

DBELX	+ 0.96	APDOX
PCEMX	+ 0.95	CDHIX
PCEMX	+ 0.94	DBELX
CDHIX	+ 0.93	APDOX
PCEMX	+ 0.92	APDOX
EMSLX	+ 0.92	APDOX

High negative correlations

PCEMX	- 0.82	EMCIX
APDOX	- 0.73	EMCIX
CDHIX	- 0.72	EMCIX
DBELX	- 0.72	EMCIX
USMIX	- 0.6	EMCIX
EMSLX	- 0.56	EMCIX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Strategic 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 Strategic'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
EMCIX	0.18	(0.04)	0.00	(0.72)	0.00	0.00	0.35	(0.35)	2.93
APDOX	0.11	0.06	0.08	(3.86)	0.00	(0.15)	0.28	(0.19)	0.72
DBELX	0.21	0.06	0.04	(3.54)	0.11	(0.26)	0.43	(0.42)	0.92
USMIX	0.85	0.11	0.11	0.15	0.78	(1.04)	1.92	(1.49)	5.37
CDHIX	0.62	0.08	0.07	0.14	0.72	(0.63)	1.30	(1.37)	3.01
PCEMX	0.63	0.19	0.19	2.35	0.47	(0.75)	1.60	(0.94)	3.13
EMSLX	0.95	0.37	0.34	0.69	0.47	(1.09)	1.64	(1.66)	19.48

Victory Strategic Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Victory Strategic mutual fund to make a market-neutral strategy. Peer analysis of Victory Strategic could also be used in its relative valuation, which is a method of valuing Victory Strategic by comparing valuation metrics with similar companies.

Ashmore Emerging Markets Artisan Emerging Markets Doubleline Emerging Markets Extended Market Index Calvert Developed Market Pace International Emerging Shelton Emerging Markets American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

Correlation

Still Interested in Victory Strategic Allocation?

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