Victory Diversified Correlations
GRINX Fund | USD 23.90 0.09 0.38% |
The current 90-days correlation between Victory Diversified Stock and Baron Select Funds is 0.03 (i.e., Significant 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
0.99 | VTSAX | Vanguard Total Stock | PairCorr |
0.99 | VFIAX | Vanguard 500 Index | PairCorr |
0.99 | VTSMX | Vanguard Total Stock | PairCorr |
0.99 | VITSX | Vanguard Total Stock | PairCorr |
0.99 | VSMPX | Vanguard Total Stock | PairCorr |
0.99 | VSTSX | Vanguard Total Stock | PairCorr |
0.99 | VFINX | Vanguard 500 Index | PairCorr |
0.99 | VFFSX | Vanguard 500 Index | PairCorr |
0.99 | VINIX | Vanguard Institutional | PairCorr |
0.99 | VIIIX | Vanguard Institutional | PairCorr |
0.82 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
0.69 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
0.79 | DIS | Walt Disney | PairCorr |
0.7 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
0.82 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
0.85 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
0.62 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
0.83 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
Moving against Victory Mutual Fund
0.66 | GPBFX | Gmo E Plus | PairCorr |
0.59 | GAAGX | Gmo Alternative Allo | PairCorr |
0.58 | GAAKX | Gmo Alternative Allo | PairCorr |
0.51 | GPMFX | Guidepath Managed Futures | PairCorr |
0.75 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
0.72 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
0.41 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
0.95 | 0.99 | 0.99 | 0.97 | 0.96 | BTEEX | ||
0.95 | 0.93 | 0.97 | 0.98 | 0.99 | PGKCX | ||
0.99 | 0.93 | 0.98 | 0.96 | 0.95 | RIFYX | ||
0.99 | 0.97 | 0.98 | 0.98 | 0.99 | TSNIX | ||
0.97 | 0.98 | 0.96 | 0.98 | 0.97 | FIKHX | ||
0.96 | 0.99 | 0.95 | 0.99 | 0.97 | MTCCX | ||
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
BTEEX | 0.88 | 0.26 | 0.18 | 0.40 | 0.82 | 2.42 | 6.35 | |||
PGKCX | 0.97 | 0.14 | 0.09 | 0.28 | 1.17 | 2.46 | 6.27 | |||
RIFYX | 0.94 | 0.24 | 0.17 | 0.38 | 0.91 | 2.45 | 7.41 | |||
TSNIX | 0.85 | 0.18 | 0.12 | 0.33 | 0.83 | 2.63 | 5.74 | |||
FIKHX | 0.93 | 0.16 | 0.10 | 0.30 | 1.05 | 2.57 | 6.73 | |||
MTCCX | 0.83 | 0.12 | 0.09 | 0.26 | 0.90 | 2.31 | 5.97 |