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 0.25 (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
Good diversification
The correlation between Victory Cemp Market and DJI is -0.11 (i.e., 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.
Victory |
Moving together with Victory Mutual Fund
0.71 | UINCX | Income Fund Income | PairCorr |
0.73 | UITBX | Intermediate Term Bond | PairCorr |
0.72 | UITCX | Usaa Intermediate Term | PairCorr |
0.85 | IPFIX | Victory Incore | PairCorr |
0.81 | RSDYX | Victory Incore Low | PairCorr |
0.65 | RSENX | Victory Sophus Emerging | PairCorr |
0.77 | RSIGX | Victory Rs International | PairCorr |
Moving against Victory Mutual Fund
0.89 | RSEGX | Victory Rs Small | PairCorr |
0.8 | RSDGX | Victory Rs Select | PairCorr |
0.77 | SSGSX | Victory Sycamore Small Potential Growth | PairCorr |
0.77 | SSVSX | Victory Special Value | PairCorr |
0.76 | SRVEX | Victory Diversified Stock | PairCorr |
0.76 | MNNAX | Victory Munder Multi | PairCorr |
0.74 | MMECX | Victory Integrity | PairCorr |
0.72 | MMEAX | Victory Integrity | PairCorr |
0.71 | MMMMX | Victory Integrity | PairCorr |
0.7 | UINQX | Usaa Nasdaq 100 | PairCorr |
0.7 | MMMSX | Victory Integrity | PairCorr |
0.61 | RSGGX | Victory Rs Global | PairCorr |
0.59 | SBFCX | Victory Incore Investment | PairCorr |
0.45 | MMIJX | Victory Integrity Mid Potential Growth | PairCorr |
0.89 | RSYEX | Victory Rs Small | PairCorr |
0.85 | RSMMX | Victory Rs Small | PairCorr |
0.83 | RSGRX | Victory Rs Growth | PairCorr |
0.83 | VSCVX | Victory Integrity Small | PairCorr |
0.83 | VSVIX | Victory Integrity Small | PairCorr |
0.81 | RSGFX | Victory Rs Select | PairCorr |
0.8 | RSSYX | Victory Rs Select | PairCorr |
0.79 | RSMOX | Victory Rs Mid | PairCorr |
0.76 | RSIFX | Victory Rs Science | PairCorr |
0.67 | RSPFX | Victory Rs Partners | PairCorr |
0.66 | RSPMX | Victory Rs Partners | PairCorr |
0.66 | RSPYX | Victory Rs Partners | PairCorr |
0.56 | RSVAX | Victory Rs Value | PairCorr |
0.55 | RSVYX | Victory Rs Value | PairCorr |
0.41 | RSNYX | Victory Global Natural | PairCorr |
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
| High negative correlations
|
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 | 0.42 | (0.07) | 0.00 | 0.46 | 0.00 | 0.70 | 3.54 | |||
AMFAX | 0.62 | (0.09) | 0.00 | (0.87) | 0.00 | 1.17 | 4.11 | |||
OTCRX | 0.50 | (0.05) | 0.00 | (0.35) | 0.00 | 0.96 | 3.19 | |||
BGRSX | 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 | 0.26 | 0.79 |