Victory Diversified Correlations

VDSIX Fund

USD 22.31 0.15 0.68%

The current 90-days correlation between Victory Diversified Stock and Artisan Developing World is 0.19 (i.e., Average diversification). The correlation of Victory Diversified 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 Diversified Correlation With Market

Weak diversification

The correlation between Victory Diversified Stock and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Diversified Stock 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 Diversified Stock. 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 gross domestic product.

Moving together with Victory Mutual Fund

0.98	GETGX	Victory Sycamore Est	Pair Corr
0.87	MMEYX	Victory Integrity	Pair Corr
1.0	MNNCX	Victory Munder Multi	Pair Corr
0.93	MNNYX	Victory Munder Multi	Pair Corr
0.74	RSEJX	Victory Rs Small	Pair Corr
0.64	RSHCX	Victory High Income	Pair Corr
0.62	RSHMX	Victory High Income	Pair Corr
0.88	RSPKX	Victory Rs Partners	Pair Corr
0.92	VSPIX	Victory Special Value	Pair Corr
0.96	VSOIX	Victory Sycamore Small	Pair Corr
0.96	VSORX	Victory Sycamore Small	Pair Corr
0.9	VSOYX	Victory Sycamore Small	Pair Corr
0.91	VSVGX	Victory Special Value	Pair Corr
0.9	VSVCX	Victory Special Value	Pair Corr
0.78	VBFIX	Victory Strategic	Pair Corr
0.73	VBFCX	Victory Strategic	Pair Corr
0.88	MRIMX	Victory Integrity Mid	Pair Corr
0.91	MRVSX	Victory Integrity Small	Pair Corr
0.91	MAISX	Victory Integrity	Pair Corr
0.84	MASCX	Victory Munder Small	Pair Corr
0.7	MSSIX	Victory Trivalent	Pair Corr
0.89	VDSRX	Victory Diversified Stock	Pair Corr
0.93	VDSYX	Victory Diversified Stock	Pair Corr
0.64	RETCX	Victory Tax Exempt	Pair Corr
0.86	VEVIX	Victory Sycamore Est	Pair Corr
0.86	VEVYX	Victory Sycamore Est	Pair Corr
0.86	VEVRX	Victory Sycamore Est	Pair Corr
0.87	MCIMX	Victory Integrity Mid	Pair Corr

Moving against Victory Mutual Fund

0.31

VFFIX

Victory Incore

Pair Corr

Related Correlations Analysis

	ARTYX	FEMDX	XEMDX	ANGCX	EGLNX	DEDCX
ARTYX		0.7	0.59	0.53	0.27	0.76	ARTYX
FEMDX	0.7		0.51	0.54	0.63	0.6	FEMDX
XEMDX	0.59	0.51		0.47	-0.15	0.84	XEMDX
ANGCX	0.53	0.54	0.47		0.17	0.72	ANGCX
EGLNX	0.27	0.63	-0.15	0.17		0.04	EGLNX
DEDCX	0.76	0.6	0.84	0.72	0.04		DEDCX
	ARTYX	FEMDX	XEMDX	ANGCX	EGLNX	DEDCX

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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

DEDCX	+ 0.84	XEMDX
DEDCX	+ 0.76	ARTYX
DEDCX	+ 0.72	ANGCX
FEMDX	+ 0.7	ARTYX
EGLNX	+ 0.63	FEMDX
DEDCX	+ 0.6	FEMDX

High negative correlations

EGLNX

- 0.15

XEMDX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Diversified 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 Diversified'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
ARTYX	0.78	(0.04)	0.00	(0.25)	0.00	0.00	1.37	(1.63)	4.86
FEMDX	0.17	0.00	(0.06)	0.12	0.14	(0.22)	0.35	(0.35)	1.29
XEMDX	0.24	(0.03)	0.00	(0.86)	0.00	0.00	0.55	(0.65)	1.97
ANGCX	0.10	(0.02)	0.00	(1.06)	0.00	0.00	0.24	(0.24)	0.82
EGLNX	0.88	0.22	0.17	0.55	1.01	(0.98)	2.03	(1.70)	5.83
DEDCX	0.11	(0.02)	0.00	(0.44)	0.00	0.00	0.26	(0.26)	0.78

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