Victory Sycamore Correlations

Mutual Funds . USA . 
Fund . Victory Sycamore Established
GETGX Fund  USD 44.08  0.10  0.23%   
The current 90-days correlation between Victory Sycamore Est and Victory Sycamore Small is 0.91 (i.e., Almost no diversification). The correlation of Victory Sycamore 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 Sycamore Correlation With Market

Very poor diversification

The correlation between Victory Sycamore Established and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Sycamore Established and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Victory Sycamore Established. 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 price.

Moving together with Victory Mutual Fund

  0.91MMEYX Victory IntegrityPairCorr
  0.94MNNCX Victory Munder MultiPairCorr
  0.85MNNYX Victory Munder MultiPairCorr
  0.84RSCCX Victory Rs SmallPairCorr
  0.82RSEJX Victory Rs SmallPairCorr
  0.85RSCYX Victory Rs SmallPairCorr
  0.93RSPKX Victory Rs PartnersPairCorr
  0.89RSSRX Victory Rs SelectPairCorr
  0.94VSPIX Victory Special ValuePairCorr
  0.95VSOIX Victory Sycamore SmallPairCorr
  0.95VSORX Victory Sycamore SmallPairCorr
  0.94VSOYX Victory Sycamore SmallPairCorr
  0.93VSVGX Victory Special ValuePairCorr
  0.93VSVCX Victory Special ValuePairCorr
  0.69VBFIX Victory StrategicPairCorr
  0.68VBFCX Victory StrategicPairCorr
  0.98MRIMX Victory Integrity MidPairCorr
  0.91MRVSX Victory Integrity SmallPairCorr
  0.97MAISX Victory IntegrityPairCorr
  0.77MASCX Victory Munder SmallPairCorr
  0.94VDSIX Victory Diversified StockPairCorr
  0.94VDSRX Victory Diversified StockPairCorr
  0.94VDSYX Victory Diversified StockPairCorr
  0.99VEVIX Victory Sycamore EstPairCorr
  1.0VEVYX Victory Sycamore EstPairCorr
  1.0VEVRX Victory Sycamore EstPairCorr
  0.92MCIMX Victory Integrity MidPairCorr

Moving against Victory Mutual Fund

  0.64GGIFX Victory IncorePairCorr
  0.44RSIRX Victory Rs InternationalPairCorr
  0.38GUBGX Victory Rs InternationalPairCorr
  0.38MAIRX Victory TrivalentPairCorr
  0.61VFFRX Victory IncorePairCorr
  0.6VFFIX Victory IncorePairCorr
  0.5MUCCX Victory Incore TotalPairCorr
  0.5MUCAX Victory Incore TotalPairCorr

Related Correlations Analysis

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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   
JGMRX
+ 0.95
GOGFX
MRDVX
+ 0.74
ODVNX
ODVNX
+ 0.68
PTRRX
MRDVX
+ 0.53
PTRRX
MRDVX
+ 0.21
JGMRX
MRDVX
+ 0.11
GOGFX
  
High negative correlations   
PTRRX
- 0.67
GOGFX
JGMRX
- 0.62
PTRRX
ODVNX
- 0.36
GOGFX
JGMRX
- 0.22
ODVNX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Sycamore 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 Sycamore'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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