Viking Tax Correlations

Mutual Funds . USA . 
Fund . Viking Tax Free Fund
VMTTX Fund  USD 9.12  0.01  0.11%   
The current 90-days correlation between Viking Tax Free and Palm Valley Capital is -0.07 (i.e., Good diversification). The correlation of Viking Tax 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.

Viking Tax Correlation With Market

Average diversification

The correlation between Viking Tax Free Fund and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Viking Tax Free Fund 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 Viking Tax Free Fund. 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 estimate.

Moving together with Viking Mutual Fund

  1.0VMTIX Viking Tax FreePairCorr
  0.98VNDIX Viking Tax FreePairCorr
  0.98VNDFX Viking Tax FreePairCorr
  0.99NEITX Nebraska MunicipalPairCorr
  0.99OKMUX Oklahoma MunicipalPairCorr
  0.99OKMIX Oklahoma MunicipalPairCorr
  0.65MDSAX Integrity Short TermPairCorr
  0.99KSMUX Kansas MunicipalPairCorr
  0.97KYTFX Kentucky Tax FreePairCorr
  0.91UVABX Virginia BondPairCorr
  0.98HULYX Hawaiian Tax FreePairCorr
  0.93HULFX Hawaiian Tax FreePairCorr
  0.98ORTYX Aquila Tax FreePairCorr
  0.9UVAIX Usaa Virginia BondPairCorr
  0.9USVAX Virginia BondPairCorr
  0.98HULAX Hawaiian Tax FreePairCorr

Moving against Viking Mutual Fund

  0.6KNPAX Kinetics Paradigm Steady GrowthPairCorr
  0.59ORFFX Aquila Tax FreePairCorr
  0.58WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.58KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.58KMKCX Kinetics Market Oppo Steady GrowthPairCorr
  0.54SMPSX Semiconductor UltrasectorPairCorr
  0.36IGIAX Integrity Growth IncomePairCorr
  0.35IGIUX Integrity Growth IncomePairCorr
  0.68JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.6LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.58KNPYX Kinetics Paradigm Steady GrowthPairCorr
  0.58KMKAX Kinetics Market Oppo Steady GrowthPairCorr
  0.58LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.58CSCO Cisco Systems Aggressive PushPairCorr
  0.46VTSMX Vanguard Total StockPairCorr
  0.46CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.46HPQ HP IncPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Viking Mutual Fund performing well and Viking Tax 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 Viking Tax'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.

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