Victory Diversified Correlations
GRINX Fund | USD 23.89 0.15 0.63% |
The current 90-days correlation between Victory Diversified Stock and Conservative Balanced Allocation is 0.19 (i.e., Average 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
Significant diversification
The correlation between Victory Diversified Stock and DJI is 0.05 (i.e., Significant 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
0.81 | VTSAX | Vanguard Total Stock | PairCorr |
0.8 | VFIAX | Vanguard 500 Index | PairCorr |
0.81 | VTSMX | Vanguard Total Stock | PairCorr |
0.81 | VITSX | Vanguard Total Stock | PairCorr |
0.81 | VSMPX | Vanguard Total Stock | PairCorr |
0.81 | VSTSX | Vanguard Total Stock | PairCorr |
0.8 | VFINX | Vanguard 500 Index | PairCorr |
0.8 | VFFSX | Vanguard 500 Index | PairCorr |
0.8 | VINIX | Vanguard Institutional | PairCorr |
0.8 | VIIIX | Vanguard Institutional | PairCorr |
0.8 | PREIX | T Rowe Price | PairCorr |
0.78 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
0.77 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
0.78 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
0.67 | DIS | Walt Disney | PairCorr |
0.78 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
0.76 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
0.61 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
0.8 | CSCO | Cisco Systems Aggressive Push | PairCorr |
Moving against Victory Mutual Fund
0.7 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
0.66 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
0.65 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | 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
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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 |