Victory Munder Correlations

MGOAX Fund

USD 7.99 0.03 0.37%

The current 90-days correlation between Victory Munder Mid and Fundamental Large Cap is 0.14 (i.e., Average diversification). The correlation of Victory Munder 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 Munder Correlation With Market

Weak diversification

The correlation between Victory Munder Mid Cap and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Munder Mid 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 Munder Mid 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 nation.

Moving together with VICTORY Mutual Fund

0.64	UINQX	Usaa Nasdaq 100	Pair Corr
0.81	SRVEX	Victory Diversified Stock	Pair Corr
0.94	SSGSX	Victory Sycamore Small	Pair Corr
0.72	SBALX	Victory Strategic	Pair Corr
0.87	SSVSX	Victory Special Value	Pair Corr
0.66	SBFCX	Victory Incore Investment	Pair Corr
0.66	SBFMX	Victory Portfolios	Pair Corr
0.97	MMECX	Victory Integrity	Pair Corr
0.93	MMEAX	Victory Integrity	Pair Corr
0.96	MMIJX	Victory Integrity Mid	Pair Corr
0.93	MMMMX	Victory Integrity	Pair Corr
0.94	MMMSX	Victory Integrity	Pair Corr
0.8	MNNAX	Victory Munder Multi	Pair Corr
0.67	RSEGX	Victory Rs Small	Pair Corr
0.65	RSDGX	Victory Rs Select	Pair Corr
0.65	RSGGX	Victory Rs Global	Pair Corr
0.65	RSGFX	Victory Rs Select	Pair Corr
0.71	RSGRX	Victory Rs Growth	Pair Corr
0.63	RSIFX	Victory Rs Science	Pair Corr
0.81	RSINX	Victory Rs Investors	Pair Corr
0.81	RSIYX	Victory Rs Investors	Pair Corr
0.67	RSMMX	Victory Rs Small	Pair Corr
0.66	RSMOX	Victory Rs Mid	Pair Corr
0.93	RSPFX	Victory Rs Partners	Pair Corr

Moving against VICTORY Mutual Fund

0.49	IPFIX	Victory Incore	Pair Corr
0.45	RSDYX	Victory Incore Low	Pair Corr
0.32	UITBX	Intermediate Term Bond	Pair Corr
0.31	RSIGX	Victory Rs International	Pair Corr

Related Correlations Analysis

	TAGRX	GIPAX	GOIAX	CWGFX	GGSAX
TAGRX		0.32	0.36	0.52	0.39	TAGRX
GIPAX	0.32		0.99	0.87	0.97	GIPAX
GOIAX	0.36	0.99		0.88	0.99	GOIAX
CWGFX	0.52	0.87	0.88		0.88	CWGFX
GGSAX	0.39	0.97	0.99	0.88		GGSAX
	TAGRX	GIPAX	GOIAX	CWGFX	GGSAX

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Risk-Adjusted Indicators

There is a big difference between VICTORY Mutual Fund performing well and Victory Munder 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 Munder'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
TAGRX	0.95	(0.24)	(0.35)	1.27	(2.30)	10.55
GIPAX	0.36	0.00	(0.08)	0.65	(0.82)	2.24
GOIAX	0.49	0.00	(0.07)	0.83	(1.08)	3.03
CWGFX	0.81	(0.03)	(0.10)	1.15	(1.80)	6.83
GGSAX	0.62	0.00	(0.06)	1.06	(1.39)	3.76

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