Victory Strategic Correlations

VBFCXDelisted Fund

USD 18.24 0.00 0.00%

The current 90-days correlation between Victory Strategic and Victory Rs International is 0.06 (i.e., Significant 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

Excellent diversification

The correlation between Victory Strategic Allocation and DJI is -0.65 (i.e., Excellent diversification) 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 services.

Moving together with Victory Mutual Fund

0.68	TCTGX	Transamerica Cleartrack	Pair Corr
0.68	TDKTX	Cleartrack 2015 Class	Pair Corr
0.68	TCTJX	Transamerica Cleartrack	Pair Corr
0.68	TCSUX	Cleartrack 2020 Class	Pair Corr
0.77	CESGX	Coho Relative Value	Pair Corr
0.66	UIPIX	Ultrashort Mid Cap	Pair Corr

Moving against Victory Mutual Fund

0.8	PDI	Pimco Dynamic Income	Pair Corr
0.76	CIBFX	Capital Income Builder	Pair Corr
0.76	CIBCX	Capital Income Builder	Pair Corr
0.76	RIRAX	Capital Income Builder	Pair Corr
0.76	RIREX	Capital Income Builder	Pair Corr
0.76	RIRCX	Capital Income Builder	Pair Corr
0.76	RIRFX	Capital Income Builder	Pair Corr
0.76	CIRCX	Capital Income Builder	Pair Corr
0.76	CIREX	Capital Income Builder	Pair Corr
0.76	RIRBX	Capital Income Builder	Pair Corr
0.74	CAIBX	Capital Income Builder	Pair Corr
0.76	WESJX	William Blair Emerging	Pair Corr
0.76	TBGVX	Tweedy Browne Global	Pair Corr
0.76	EVMBX	Eaton Vance Amt	Pair Corr
0.73	TOLSX	Deutsche Global Infr	Pair Corr
0.68	RFETX	American Funds 2030	Pair Corr
0.66	POAAX	Pacific Funds Portfolio	Pair Corr
0.66	LTFIX	Principal Lifetime 2055	Pair Corr
0.64	HJSIX	Hennessy Japan Small	Pair Corr
0.61	HCKTX	Hartford Checks	Pair Corr
0.6	OTIIX	T Rowe Price	Pair Corr
0.58	CNSIX	Invesco Vertible Sec	Pair Corr
0.52	THGIX	Thornburg International	Pair Corr
0.51	PGEOX	George Putnam	Pair Corr
0.45	MMCFX	Amg Managers Emerging	Pair Corr
0.45	DGLRX	Global Stock	Pair Corr
0.41	FBIOX	Biotechnology Portfolio	Pair Corr
0.81	PCEQX	Pioneer Equity Income	Pair Corr
0.8	SBFFX	Short Term Bond	Pair Corr
0.79	CWAAX	First Trust Managed	Pair Corr
0.78	VAESX	Virtus Emerging Markets	Pair Corr

Related Correlations Analysis

	MSSIX	REMGX	VDSIX	REMKX	VDSRX	VDSYX	RETCX	GUBFX	GUBGX
MSSIX		0.82	0.87	0.82	0.87	0.87	0.59	0.0	0.98	MSSIX
REMGX	0.82		0.7	1.0	0.7	0.7	0.47	0.0	0.81	REMGX
VDSIX	0.87	0.7		0.7	1.0	1.0	0.87	0.0	0.83	VDSIX
REMKX	0.82	1.0	0.7		0.7	0.7	0.47	0.0	0.81	REMKX
VDSRX	0.87	0.7	1.0	0.7		1.0	0.87	0.0	0.83	VDSRX
VDSYX	0.87	0.7	1.0	0.7	1.0		0.87	0.0	0.83	VDSYX
RETCX	0.59	0.47	0.87	0.47	0.87	0.87		0.0	0.59	RETCX
GUBFX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	GUBFX
GUBGX	0.98	0.81	0.83	0.81	0.83	0.83	0.59	0.0		GUBGX
	MSSIX	REMGX	VDSIX	REMKX	VDSRX	VDSYX	RETCX	GUBFX	GUBGX

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

REMKX	+ 1.0	REMGX
VDSRX	+ 1.0	VDSIX
VDSYX	+ 1.0	VDSIX
VDSYX	+ 1.0	VDSRX
GUBGX	+ 0.98	MSSIX
VDSIX	+ 0.87	MSSIX

High negative correlations

GUBGX	- 0.0	GUBFX
GUBFX	- 0.0	RETCX
GUBFX	- 0.0	VDSYX
GUBFX	- 0.0	VDSRX
GUBFX	- 0.0	REMKX
GUBFX	- 0.0	VDSIX

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
MSSIX	0.61	0.31	0.33	0.65	0.00	(0.80)	1.58	(1.01)	5.02
REMGX	0.83	0.09	(0.02)	(1.64)	1.26	(0.83)	2.08	(1.94)	7.15
VDSIX	0.76	0.24	0.26	0.53	0.25	(0.95)	1.22	(1.08)	13.20
REMKX	0.83	0.10	(0.01)	(1.71)	1.29	(0.84)	2.07	(1.93)	7.19
VDSRX	0.75	0.24	0.26	0.53	0.25	(0.97)	1.22	(1.04)	13.12
VDSYX	0.75	0.24	0.26	0.53	0.24	(0.94)	1.19	(1.04)	13.12
RETCX	0.09	0.01	(0.62)	(0.20)	0.00	(0.18)	0.25	(0.24)	0.61
GUBFX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GUBGX	0.62	0.25	0.13	(1.20)	0.48	(0.70)	1.30	(1.46)	4.07

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.

Victory Trivalent International Victory Sophus Emerging Victory Diversified Stock Victory Sophus Emerging Victory Diversified Stock Victory Diversified Stock Victory Tax Exempt Fund Victory Incore Investment Victory Rs International American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

Correlation

Still Interested in Victory Strategic Allocation?

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