Victory Diversified Correlations

GRINX Fund  USD 23.89  0.15  0.63%   
The current 90-days correlation between Victory Diversified Stock and Victory Rs International is 0.51 (i.e., Very weak 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

Very poor diversification

The correlation between Victory Diversified Stock and DJI is 0.8 (i.e., Very 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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Victory Diversified Stock. 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 board of governors.

Moving together with Victory Mutual Fund

  0.81GUHYX Victory High YieldPairCorr
  0.85GETGX Victory Sycamore EstPairCorr
  0.8MMEYX Victory IntegrityPairCorr
  1.0MNNCX Victory Munder MultiPairCorr
  1.0MNNYX Victory Munder MultiPairCorr
  0.85RSCCX Victory Rs SmallPairCorr
  0.91RSEJX Victory Rs SmallPairCorr
  0.88RSCYX Victory Rs SmallPairCorr
  0.88RSPKX Victory Rs PartnersPairCorr
  0.91RSSRX Victory Rs SelectPairCorr
  1.0VSPIX Victory Special ValuePairCorr
  0.87VSOIX Victory Sycamore SmallPairCorr
  0.87VSORX Victory Sycamore SmallPairCorr
  0.87VSOYX Victory Sycamore SmallPairCorr
  1.0VSVGX Victory Special ValuePairCorr
  0.96VSVCX Victory Special ValuePairCorr
  0.75VBFIX Victory StrategicPairCorr
  0.74VBFCX Victory StrategicPairCorr
  0.92MRIMX Victory Integrity MidPairCorr
  0.88MRVSX Victory Integrity SmallPairCorr
  0.94MAISX Victory IntegrityPairCorr
  0.94MASCX Victory Munder SmallPairCorr
  1.0VDSIX Victory Diversified StockPairCorr
  1.0VDSRX Victory Diversified StockPairCorr
  1.0VDSYX Victory Diversified StockPairCorr
  0.9VEVIX Victory Sycamore EstPairCorr
  0.9VEVYX Victory Sycamore EstPairCorr
  0.9VEVRX Victory Sycamore EstPairCorr
  0.95MCIMX Victory Integrity MidPairCorr

Moving against Victory Mutual Fund

  0.52GGIFX Victory IncorePairCorr
  0.42GUBGX Victory Rs InternationalPairCorr
  0.41RSIRX Victory Rs InternationalPairCorr
  0.35MSSIX Victory TrivalentPairCorr
  0.77MUCCX Victory Incore TotalPairCorr
  0.76MUCAX Victory Incore TotalPairCorr
  0.75MUCRX Victory Incore TotalPairCorr
  0.75MUCYX Victory Incore TotalPairCorr
  0.59VFFRX Victory IncorePairCorr
  0.53VFFIX Victory IncorePairCorr

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   
MNNYXMNNCX
RSCCXMMEYX
RSCYXRSCCX
RSEJXRSCCX
RSEJXMMEYX
RSCYXRSEJX
  
High negative correlations   
RSCCXGGIFX
RSCYXGGIFX
RSCCXGUBGX
GGIFXMMEYX
RSCYXGUBGX
MMEYXGUBGX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GUBGX  0.70 (0.11) 0.00 (0.11) 0.00 
 1.21 
 4.93 
GUHYX  0.14  0.03 (0.34)(1.73) 0.00 
 0.37 
 1.10 
GETGX  0.57  0.06 (0.05) 1.00  0.58 
 1.17 
 3.53 
MMEYX  0.98  0.12  0.03  0.78  0.97 
 2.44 
 8.89 
MNNCX  0.61  0.00  0.00  0.10  0.89 
 1.51 
 5.06 
MNNYX  0.61  0.00  0.00  0.11  0.90 
 1.49 
 5.07 
GGIFX  0.08 (0.01)(0.53)(0.70) 0.08 
 0.15 
 0.73 
RSCCX  1.04  0.17  0.09  0.50  1.07 
 2.34 
 5.59 
RSEJX  0.92  0.13  0.05  0.52  1.04 
 2.14 
 5.94 
RSCYX  1.06  0.10  0.10  0.18  1.14 
 2.29 
 5.60