Victory Incore Correlations

VFFMX Fund

USD 6.84 0.01 0.15%

The current 90-days correlation between Victory Incore and California Bond Fund is 0.12 (i.e., Average 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

Average diversification

The correlation between Victory Incore and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Incore 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. 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 industry.

Moving together with Victory Mutual Fund

0.73

SBFMX

Victory Portfolios

Pair Corr

Moving against Victory Mutual Fund

0.36	RSGFX	Victory Rs Select	Pair Corr
0.36	MAICX	Victory Trivalent	Pair Corr
0.36	USTCX	Science Technology	Pair Corr
0.34	URITX	International Fund	Pair Corr
0.36	USWGX	World Growth	Pair Corr
0.36	UGMVX	Global Managed Volatility	Pair Corr
0.35	MUXYX	Victory Sp 500	Pair Corr
0.31	UGEIX	Usaa Global Equity	Pair Corr

Related Correlations Analysis

	USCBX	BOSVX	MDMTX	PATFX	FLDFX	TMSRX
USCBX		0.13	0.85	0.96	0.18	0.33	USCBX
BOSVX	0.13		-0.15	0.22	0.94	0.7	BOSVX
MDMTX	0.85	-0.15		0.87	-0.05	0.11	MDMTX
PATFX	0.96	0.22	0.87		0.27	0.36	PATFX
FLDFX	0.18	0.94	-0.05	0.27		0.81	FLDFX
TMSRX	0.33	0.7	0.11	0.36	0.81		TMSRX
	USCBX	BOSVX	MDMTX	PATFX	FLDFX	TMSRX

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

PATFX	+ 0.96	USCBX
FLDFX	+ 0.94	BOSVX
PATFX	+ 0.87	MDMTX
MDMTX	+ 0.85	USCBX
TMSRX	+ 0.81	FLDFX
TMSRX	+ 0.7	BOSVX

High negative correlations

MDMTX	- 0.15	BOSVX
FLDFX	- 0.05	MDMTX

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
USCBX	0.09	0.01	(0.51)	0.88	0.00	(0.15)	0.20	(0.19)	0.58
BOSVX	1.00	0.16	0.14	0.24	0.80	(1.17)	2.20	(1.44)	8.85
MDMTX	0.08	0.00	(0.53)	0.14	0.00	(0.15)	0.19	(0.10)	0.86
PATFX	0.09	0.01	(0.50)	(3.75)	0.00	(0.13)	0.27	(0.18)	0.72
FLDFX	0.48	0.02	0.00	0.11	0.48	(0.53)	0.93	(0.95)	3.74
TMSRX	0.12	0.00	(0.27)	0.12	0.00	(0.18)	0.23	(0.34)	0.91

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