Victory Cemp Correlations

CBHAX Fund

USD 8.61 0.02 0.23%

The current 90-days correlation between Victory Cemp Market and Pimco Trends Managed is 0.24 (i.e., Modest diversification). The correlation of Victory Cemp 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 Cemp Correlation With Market

Very good diversification

The correlation between Victory Cemp Market and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Cemp Market and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Victory Cemp Market. 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 nation.

Moving together with Victory Mutual Fund

0.8

RSDYX

Victory Incore Low

Pair Corr

Moving against Victory Mutual Fund

0.9	RSEGX	Victory Rs Small	Pair Corr
0.8	RSDGX	Victory Rs Select	Pair Corr
0.75	MNNAX	Victory Munder Multi	Pair Corr
0.74	SRVEX	Victory Diversified Stock	Pair Corr
0.74	SSGSX	Victory Sycamore Small Potential Growth	Pair Corr
0.72	SSVSX	Victory Special Value	Pair Corr
0.71	MMEAX	Victory Integrity	Pair Corr
0.7	UINQX	Usaa Nasdaq 100	Pair Corr
0.7	MMMSX	Victory Integrity	Pair Corr
0.67	MMECX	Victory Integrity	Pair Corr
0.66	SBFCX	Victory Incore Investment	Pair Corr
0.41	SBALX	Victory Strategic	Pair Corr
0.41	MMMMX	Victory Integrity	Pair Corr
0.34	GUTEX	Victory Tax Exempt	Pair Corr
0.9	RSYEX	Victory Rs Small	Pair Corr
0.86	RSMMX	Victory Rs Small	Pair Corr
0.84	RSGRX	Victory Rs Growth	Pair Corr
0.76	RSIFX	Victory Rs Science	Pair Corr
0.7	VSVIX	Victory Integrity Small	Pair Corr
0.69	RSPFX	Victory Rs Partners	Pair Corr
0.69	RSPMX	Victory Rs Partners	Pair Corr
0.69	RSPYX	Victory Rs Partners	Pair Corr
0.57	RSVAX	Victory Rs Value	Pair Corr
0.52	RSNRX	Victory Global Natural	Pair Corr
0.52	RSNYX	Victory Global Natural	Pair Corr
0.47	VSCVX	Victory Integrity Small	Pair Corr
0.43	RSGFX	Victory Rs Select	Pair Corr
0.43	RSMOX	Victory Rs Mid	Pair Corr
0.43	RSSYX	Victory Rs Select	Pair Corr

Related Correlations Analysis

	PQTAX	AMFAX	OTCRX	BGRSX	CVSIX
PQTAX		0.76	0.03	0.0	-0.76	PQTAX
AMFAX	0.76		0.48	0.0	-0.4	AMFAX
OTCRX	0.03	0.48		0.0	0.25	OTCRX
BGRSX	0.0	0.0	0.0		0.0	BGRSX
CVSIX	-0.76	-0.4	0.25	0.0		CVSIX
	PQTAX	AMFAX	OTCRX	BGRSX	CVSIX

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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

AMFAX	+ 0.76	PQTAX
OTCRX	+ 0.48	AMFAX
CVSIX	+ 0.25	OTCRX
OTCRX	+ 0.03	PQTAX
BGRSX	+ 0.0	PQTAX
BGRSX	+ 0.0	AMFAX

High negative correlations

CVSIX	- 0.76	PQTAX
CVSIX	- 0.4	AMFAX
CVSIX	- 0.0	BGRSX
BGRSX	- 0.0	OTCRX
BGRSX	- 0.0	AMFAX
BGRSX	- 0.0	PQTAX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Cemp 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 Cemp'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
PQTAX	0.41	(0.07)	0.00	0.32	0.00	0.00	0.70	(0.80)	3.54
AMFAX	0.62	(0.09)	0.00	(0.87)	0.00	0.00	1.17	(1.49)	4.11
OTCRX	0.50	(0.05)	0.00	(0.35)	0.00	0.00	0.96	(1.25)	3.19
BGRSX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CVSIX	0.11	0.02	0.63	0.06	0.01	(0.14)	0.26	(0.20)	0.79

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