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

  0.8RSDYX Victory Incore LowPairCorr

Moving against Victory Mutual Fund

  0.9RSEGX Victory Rs SmallPairCorr
  0.8RSDGX Victory Rs SelectPairCorr
  0.75MNNAX Victory Munder MultiPairCorr
  0.74SRVEX Victory Diversified StockPairCorr
  0.74SSGSX Victory Sycamore Small Potential GrowthPairCorr
  0.72SSVSX Victory Special ValuePairCorr
  0.71MMEAX Victory IntegrityPairCorr
  0.7UINQX Usaa Nasdaq 100PairCorr
  0.7MMMSX Victory IntegrityPairCorr
  0.67MMECX Victory IntegrityPairCorr
  0.66SBFCX Victory Incore InvestmentPairCorr
  0.41SBALX Victory StrategicPairCorr
  0.41MMMMX Victory IntegrityPairCorr
  0.34GUTEX Victory Tax ExemptPairCorr
  0.9RSYEX Victory Rs SmallPairCorr
  0.86RSMMX Victory Rs SmallPairCorr
  0.84RSGRX Victory Rs GrowthPairCorr
  0.76RSIFX Victory Rs SciencePairCorr
  0.7VSVIX Victory Integrity SmallPairCorr
  0.69RSPFX Victory Rs PartnersPairCorr
  0.69RSPMX Victory Rs PartnersPairCorr
  0.69RSPYX Victory Rs PartnersPairCorr
  0.57RSVAX Victory Rs ValuePairCorr
  0.52RSNRX Victory Global NaturalPairCorr
  0.52RSNYX Victory Global NaturalPairCorr
  0.47VSCVX Victory Integrity SmallPairCorr
  0.43RSGFX Victory Rs SelectPairCorr
  0.43RSMOX Victory Rs MidPairCorr
  0.43RSSYX Victory Rs SelectPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
AMFAXPQTAX
OTCRXAMFAX
CVSIXOTCRX
OTCRXPQTAX
BGRSXPQTAX
BGRSXAMFAX
  
High negative correlations   
CVSIXPQTAX
CVSIXAMFAX
CVSIXBGRSX
BGRSXOTCRX
BGRSXAMFAX
BGRSXPQTAX

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.