Victory Munder Correlations

Mutual Funds . USA . 
Fund . Victory Munder Mid Cap
MGOYX Fund  USD 12.20  0.26  2.18%   
The current 90-days correlation between Victory Munder Mid and Boston Partners Emerging is 0.17 (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

Poor diversification

The correlation between Victory Munder Mid Cap and DJI is 0.73 (i.e., Poor 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 manufacturing.

Moving together with Victory Mutual Fund

  0.94GETGX Victory Sycamore EstPairCorr
  0.84MMEYX Victory IntegrityPairCorr
  0.96MNNCX Victory Munder MultiPairCorr
  0.9MNNYX Victory Munder MultiPairCorr
  0.91RSCCX Victory Rs SmallPairCorr
  0.87RSEJX Victory Rs SmallPairCorr
  0.91RSCYX Victory Rs SmallPairCorr
  0.89RSPKX Victory Rs PartnersPairCorr
  0.94RSSRX Victory Rs SelectPairCorr
  0.96VSPIX Victory Special ValuePairCorr
  0.96VSOIX Victory Sycamore SmallPairCorr
  0.96VSORX Victory Sycamore SmallPairCorr
  0.96VSOYX Victory Sycamore SmallPairCorr
  0.96VSVGX Victory Special ValuePairCorr
  0.96VSVCX Victory Special ValuePairCorr
  0.63VBFIX Victory StrategicPairCorr
  0.66VBFCX Victory StrategicPairCorr
  0.91MRIMX Victory Integrity MidPairCorr
  0.93MRVSX Victory Integrity SmallPairCorr
  0.98MAISX Victory IntegrityPairCorr
  0.71MASCX Victory Munder SmallPairCorr
  0.96VDSIX Victory Diversified StockPairCorr
  0.96VDSRX Victory Diversified StockPairCorr
  0.96VDSYX Victory Diversified StockPairCorr
  0.94VEVIX Victory Sycamore EstPairCorr
  0.94VEVYX Victory Sycamore EstPairCorr
  0.94VEVRX Victory Sycamore EstPairCorr
  0.71MCIMX Victory Integrity MidPairCorr

Moving against Victory Mutual Fund

  0.65GGIFX Victory IncorePairCorr
  0.44GUBGX Victory Rs InternationalPairCorr
  0.44RSIRX Victory Rs InternationalPairCorr
  0.42MAIRX Victory TrivalentPairCorr
  0.32MSSIX Victory TrivalentPairCorr
  0.32REMKX Victory Sophus EmergingPairCorr
  0.66VFFRX Victory IncorePairCorr
  0.63VFFIX Victory IncorePairCorr
  0.58MUCCX Victory Incore TotalPairCorr
  0.56MUCYX Victory Incore TotalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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