Victory Rs Correlations

Mutual Funds . USA . 
Fund . Victory Rs Small
GPSCX Fund  USD 9.02  0.04  0.44%   
The current 90-days correlation between Victory Rs Small and Fidelity Large Cap is 0.88 (i.e., Very poor diversification). The correlation of Victory Rs 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 Rs Correlation With Market

Good diversification

The correlation between Victory Rs Small and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Rs Small 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 Rs Small. 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 main economic indicators.

Moving together with Victory Mutual Fund

  0.97VSGAX Vanguard Small CapPairCorr
  0.97VSGIX Vanguard Small CapPairCorr
  0.97VISGX Vanguard Small CapPairCorr
  0.95VEXPX Vanguard ExplorerPairCorr
  0.95VEXRX Vanguard ExplorerPairCorr
  0.92JGMIX Janus TritonPairCorr
  0.92JGMRX Janus TritonPairCorr
  0.92JGMAX Janus TritonPairCorr
  0.92JGMCX Janus TritonPairCorr
  0.92JGMNX Janus TritonPairCorr
  0.64CAT CaterpillarPairCorr
  0.61BA BoeingPairCorr
  0.78BAC Bank of AmericaPairCorr

Moving against Victory Mutual Fund

  0.78VZ Verizon CommunicationsPairCorr
  0.68KO Coca ColaPairCorr
  0.68TRV The Travelers CompaniesPairCorr
  0.64NHS Neuberger Berman HighPairCorr
  0.64PG Procter GamblePairCorr
  0.61T ATT Inc Earnings Call This WeekPairCorr
  0.34IBM International BusinessPairCorr

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   
PCPAX
+ 1.0
PCLVX
DOXGX
+ 0.98
PAVLX
PCLVX
+ 0.96
PAVLX
PCPAX
+ 0.96
PAVLX
PCLVX
+ 0.95
DOXGX
PCPAX
+ 0.95
DOXGX
  
High negative correlations   
CMIFX
- 0.44
FCLKX
ANVIX
- 0.23
CMIFX

Risk-Adjusted Indicators

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