Victory Trivalent Correlations

MAIRX Fund

USD 8.64 0.02 0.23%

The current 90-days correlation between Victory Trivalent and Victory Rs International is 0.96 (i.e., Almost no diversification). The correlation of Victory Trivalent 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 Trivalent Correlation With Market

Weak diversification

The correlation between Victory Trivalent Internationa and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Trivalent Internationa and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Victory Trivalent International. 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 metropolitan statistical area.

Moving together with Victory Mutual Fund

0.91	GUBGX	Victory Rs International	Pair Corr
0.91	RSIRX	Victory Rs International	Pair Corr
0.9	MSSIX	Victory Trivalent	Pair Corr
0.9	REMKX	Victory Sophus Emerging	Pair Corr

Moving against Victory Mutual Fund

0.31

MMEYX

Victory Integrity

Pair Corr

Related Correlations Analysis

	GUBGX	GUHYX	GETGX	MMEYX	MNNCX	MNNYX	GGIFX	RSCCX	RSEJX	RSCYX
GUBGX		-0.1	-0.26	-0.56	-0.41	-0.46	0.79	-0.57	-0.47	-0.57	GUBGX
GUHYX	-0.1		0.8	0.66	0.83	0.83	-0.42	0.69	0.77	0.68	GUHYX
GETGX	-0.26	0.8		0.88	0.87	0.9	-0.39	0.86	0.92	0.83	GETGX
MMEYX	-0.56	0.66	0.88		0.86	0.88	-0.53	0.98	0.97	0.96	MMEYX
MNNCX	-0.41	0.83	0.87	0.86		0.97	-0.62	0.89	0.93	0.91	MNNCX
MNNYX	-0.46	0.83	0.9	0.88	0.97		-0.63	0.9	0.95	0.88	MNNYX
GGIFX	0.79	-0.42	-0.39	-0.53	-0.62	-0.63		-0.58	-0.54	-0.6	GGIFX
RSCCX	-0.57	0.69	0.86	0.98	0.89	0.9	-0.58		0.98	0.98	RSCCX
RSEJX	-0.47	0.77	0.92	0.97	0.93	0.95	-0.54	0.98		0.96	RSEJX
RSCYX	-0.57	0.68	0.83	0.96	0.91	0.88	-0.6	0.98	0.96		RSCYX
	GUBGX	GUHYX	GETGX	MMEYX	MNNCX	MNNYX	GGIFX	RSCCX	RSEJX	RSCYX

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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

RSCCX	+ 0.98	MMEYX
RSEJX	+ 0.98	RSCCX
RSCYX	+ 0.98	RSCCX
RSEJX	+ 0.97	MMEYX
MNNYX	+ 0.97	MNNCX
RSCYX	+ 0.96	MMEYX

High negative correlations

GGIFX	- 0.63	MNNYX
GGIFX	- 0.62	MNNCX
RSCYX	- 0.6	GGIFX
RSCCX	- 0.58	GGIFX
RSCYX	- 0.57	GUBGX
RSCCX	- 0.57	GUBGX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Trivalent 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 Trivalent'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
GUBGX	0.64	(0.04)	(0.15)	0.03	0.77	(0.66)	1.21	(1.22)	4.93
GUHYX	0.13	0.02	(0.53)	0.41	0.00	(0.26)	0.37	(0.18)	1.10
GETGX	0.55	0.05	(0.11)	0.75	0.52	(0.61)	1.17	(0.99)	3.53
MMEYX	0.96	0.16	0.04	1.10	0.82	(1.17)	2.44	(1.66)	8.89
MNNCX	0.54	0.06	0.06	0.21	0.51	(0.62)	1.51	(0.92)	5.06
MNNYX	0.57	0.16	0.03	3.07	0.63	(0.63)	1.49	(1.03)	5.07
GGIFX	0.07	(0.01)	0.00	0.79	0.00	0.00	0.15	(0.15)	0.73
RSCCX	1.00	0.23	0.13	0.63	0.85	(1.16)	2.34	(1.76)	5.59
RSEJX	0.89	0.16	0.06	0.63	0.83	(1.00)	2.14	(1.97)	5.94
RSCYX	0.98	0.16	0.17	0.28	0.72	(1.17)	2.29	(1.50)	5.60

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