Victory Diversified Correlations
GRINX Fund | USD 23.81 0.08 0.33% |
The current 90-days correlation between Victory Diversified Stock and Conservative Balanced Allocation is 0.73 (i.e., Poor diversification). The correlation of Victory Diversified 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 Diversified Correlation With Market
Poor diversification
The correlation between Victory Diversified Stock and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Diversified Stock and DJI in the same portfolio, assuming nothing else is changed.
Victory |
Moving together with Victory Mutual Fund
0.84 | GUHYX | Victory High Yield | PairCorr |
0.82 | MMEYX | Victory Integrity | PairCorr |
0.96 | MNNYX | Victory Munder Multi | PairCorr |
0.86 | RSCCX | Victory Rs Small | PairCorr |
0.89 | RSCYX | Victory Rs Small | PairCorr |
0.88 | RSPKX | Victory Rs Partners | PairCorr |
0.88 | VSOIX | Victory Sycamore Small | PairCorr |
0.88 | VSORX | Victory Sycamore Small | PairCorr |
0.78 | VBFIX | Victory Strategic | PairCorr |
0.96 | MRIMX | Victory Integrity Mid | PairCorr |
0.94 | MASCX | Victory Munder Small | PairCorr |
1.0 | VDSIX | Victory Diversified Stock | PairCorr |
1.0 | VDSRX | Victory Diversified Stock | PairCorr |
1.0 | VDSYX | Victory Diversified Stock | PairCorr |
0.9 | VEVIX | Victory Sycamore Est | PairCorr |
0.9 | VEVRX | Victory Sycamore Est | PairCorr |
0.95 | MCIMX | Victory Integrity Mid | PairCorr |
0.99 | RGWCX | Victory Rs Growth | PairCorr |
0.96 | RINCX | Victory Rs Science | PairCorr |
0.96 | MGOYX | Victory Munder Mid | PairCorr |
0.95 | MYIMX | Victory Integrity Mid | PairCorr |
0.99 | VTSAX | Vanguard Total Stock | PairCorr |
0.96 | VFIAX | Vanguard 500 Index | PairCorr |
0.99 | VTSMX | Vanguard Total Stock | PairCorr |
0.96 | VITSX | Vanguard Total Stock | PairCorr |
0.99 | VSMPX | Vanguard Total Stock | PairCorr |
0.99 | VSTSX | Vanguard Total Stock | PairCorr |
0.96 | VFINX | Vanguard 500 Index | PairCorr |
0.99 | VFFSX | Vanguard 500 Index | PairCorr |
0.99 | VINIX | Vanguard Institutional | PairCorr |
0.99 | VIIIX | Vanguard Institutional | PairCorr |
Moving against Victory Mutual Fund
0.61 | GGIFX | Victory Incore | PairCorr |
0.41 | GUBGX | Victory Rs International | PairCorr |
0.4 | RSIRX | Victory Rs International | PairCorr |
0.35 | MSSIX | Victory Trivalent | PairCorr |
0.76 | MUCCX | Victory Incore Total | PairCorr |
0.41 | RIGKX | Victory Rs International | PairCorr |
0.35 | MISIX | Victory Trivalent | PairCorr |
0.59 | FMFFX | Fs Managed Futures | PairCorr |
0.54 | BTMKX | Blackrock International | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Victory Mutual Fund performing well and Victory Diversified 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 Diversified'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SCAAX | 0.29 | 0.03 | (0.18) | 0.23 | 0.00 | 0.79 | 1.41 | |||
EVFCX | 0.16 | 0.00 | (0.52) | 0.12 | 0.05 | 0.40 | 1.12 | |||
PGFCX | 0.24 | 0.02 | (0.37) | 0.49 | 0.20 | 0.48 | 1.24 | |||
DTICX | 0.07 | (0.01) | (0.85) | (0.17) | 0.04 | 0.13 | 0.51 | |||
FPTPX | 0.25 | 0.01 | (0.36) | 0.37 | 0.24 | 0.52 | 1.32 | |||
PDNIX | 0.15 | 0.01 | (0.54) | 0.29 | 0.09 | 0.31 | 0.93 | |||
FZABX | 0.70 | (0.04) | 0.00 | (4.33) | 0.00 | 1.18 | 4.32 |