Victory Integrity Correlations

MCVSX Fund

USD 21.27 0.11 0.52%

The current 90-days correlation between Victory Integrity Small and Dodge Cox Stock is 0.51 (i.e., Very weak diversification). The correlation of Victory Integrity 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 Integrity Correlation With Market

Modest diversification

The correlation between Victory Integrity Small Cap and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Integrity Small Cap 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 Integrity Small Cap. 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 state.

Moving together with Victory Mutual Fund

0.68	UINCX	Income Fund Income	Pair Corr
0.96	SRVEX	Victory Diversified Stock	Pair Corr
0.67	UITBX	Intermediate Term Bond	Pair Corr
0.71	UITCX	Usaa Intermediate Term	Pair Corr
0.61	UITIX	Usaa Tax Exempt	Pair Corr
0.66	GUTEX	Victory Tax Exempt	Pair Corr
0.94	SSGSX	Victory Sycamore Small	Pair Corr
0.92	SBALX	Victory Strategic	Pair Corr
0.99	SSVSX	Victory Special Value	Pair Corr
0.87	SBFCX	Victory Incore Investment	Pair Corr
0.87	SBFMX	Victory Portfolios	Pair Corr
0.98	MMECX	Victory Integrity	Pair Corr
0.91	MMEAX	Victory Integrity	Pair Corr
0.91	RPPRX	Victory Rs Partners	Pair Corr
1.0	MMIJX	Victory Integrity Mid	Pair Corr
0.91	MMMMX	Victory Integrity	Pair Corr
0.99	MMMSX	Victory Integrity	Pair Corr
0.68	ULTIX	Usaa Tax Exempt	Pair Corr
0.96	MNNAX	Victory Munder Multi	Pair Corr
0.65	RSEGX	Victory Rs Small	Pair Corr
0.73	RSGRX	Victory Rs Growth	Pair Corr
0.96	RSINX	Victory Rs Investors	Pair Corr
0.66	RSIGX	Victory Rs International	Pair Corr
0.95	RSIYX	Victory Rs Investors	Pair Corr
0.92	RSPFX	Victory Rs Partners	Pair Corr
0.79	RSNRX	Victory Global Natural	Pair Corr

Moving against Victory Mutual Fund

0.64	RSFYX	Victory Floating Rate	Pair Corr
0.39	RSDYX	Victory Incore Low	Pair Corr
0.31	IPFIX	Victory Incore	Pair Corr
0.61	RSFCX	Victory Floating Rate	Pair Corr
0.61	RSFMX	Victory Floating Rate	Pair Corr
0.6	RSFLX	Victory Floating Rate	Pair Corr

Related Correlations Analysis

	DOXGX	CMIFX	SMVLX	TALCX	MKFOX	ENGRX	SBQAX	RETSX
DOXGX		-0.29	0.84	0.95	0.12	-0.64	0.8	0.65	DOXGX
CMIFX	-0.29		-0.5	-0.47	0.69	0.57	0.11	0.37	CMIFX
SMVLX	0.84	-0.5		0.89	-0.28	-0.69	0.45	0.28	SMVLX
TALCX	0.95	-0.47	0.89		-0.03	-0.78	0.7	0.53	TALCX
MKFOX	0.12	0.69	-0.28	-0.03		0.24	0.58	0.81	MKFOX
ENGRX	-0.64	0.57	-0.69	-0.78	0.24		-0.36	-0.21	ENGRX
SBQAX	0.8	0.11	0.45	0.7	0.58	-0.36		0.89	SBQAX
RETSX	0.65	0.37	0.28	0.53	0.81	-0.21	0.89		RETSX
	DOXGX	CMIFX	SMVLX	TALCX	MKFOX	ENGRX	SBQAX	RETSX

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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

TALCX	+ 0.95	DOXGX
TALCX	+ 0.89	SMVLX
RETSX	+ 0.89	SBQAX
SMVLX	+ 0.84	DOXGX
RETSX	+ 0.81	MKFOX
SBQAX	+ 0.8	DOXGX

High negative correlations

ENGRX	- 0.78	TALCX
ENGRX	- 0.69	SMVLX
ENGRX	- 0.64	DOXGX
SMVLX	- 0.5	CMIFX
TALCX	- 0.47	CMIFX
SBQAX	- 0.36	ENGRX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Integrity 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 Integrity'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
DOXGX	0.53	(0.01)	(0.03)	(0.01)	0.70	(0.57)	1.16	(1.00)	5.95
CMIFX	0.06	0.00	(0.13)	0.17	0.00	(0.11)	0.10	(0.10)	0.41
SMVLX	0.66	(0.07)	0.00	(0.19)	0.00	0.00	1.12	(1.36)	4.73
TALCX	0.53	(0.04)	0.00	(0.12)	0.00	0.00	1.17	(1.03)	5.31
MKFOX	0.89	0.04	0.02	0.14	1.28	(0.90)	1.71	(2.21)	6.11
ENGRX	0.48	0.00	(0.01)	(0.01)	1.12	(1.32)	0.88	(0.62)	9.66
SBQAX	0.81	0.00	(0.01)	0.02	1.03	(1.01)	1.75	(1.74)	7.56
RETSX	0.55	0.01	0.00	0.05	0.80	(0.56)	1.19	(1.46)	5.40

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