Victory Munder Correlations

MGOYX Fund  USD 12.29  0.15  1.24%   
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 0.34 (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 manufacturing.

Moving together with Victory Mutual Fund

  0.99GETGX Victory Sycamore EstPairCorr
  0.94MMEYX Victory IntegrityPairCorr
  0.97MNNCX Victory Munder MultiPairCorr
  0.95MNNYX Victory Munder MultiPairCorr
  0.77RSCCX Victory Rs SmallPairCorr
  0.85RSEJX Victory Rs SmallPairCorr
  0.73RSCYX Victory Rs Small Potential GrowthPairCorr
  0.76RSHCX Victory High IncomePairCorr
  0.72RSHMX Victory High IncomePairCorr
  0.96RSPKX Victory Rs PartnersPairCorr
  0.71RSSRX Victory Rs SelectPairCorr
  0.99VSPIX Victory Special ValuePairCorr
  0.99VSOIX Victory Sycamore SmallPairCorr
  0.99VSORX Victory Sycamore SmallPairCorr
  0.99VSOYX Victory Sycamore SmallPairCorr
  0.99VSVGX Victory Special ValuePairCorr
  0.99VSVCX Victory Special ValuePairCorr
  0.88VBFIX Victory StrategicPairCorr
  0.83VBFCX Victory StrategicPairCorr
  0.99MRIMX Victory Integrity MidPairCorr
  0.99MRVSX Victory Integrity SmallPairCorr
  1.0MAISX Victory IntegrityPairCorr
  0.83MASCX Victory Munder SmallPairCorr
  0.96VDSIX Victory Diversified StockPairCorr
  0.99VDSRX Victory Diversified StockPairCorr
  0.96VDSYX Victory Diversified StockPairCorr
  0.82RETCX Victory Tax ExemptPairCorr
  0.99VEVIX Victory Sycamore EstPairCorr
  0.99VEVYX Victory Sycamore EstPairCorr
  0.99VEVRX Victory Sycamore EstPairCorr
  0.99MCIMX Victory Integrity MidPairCorr

Moving against Victory Mutual Fund

  0.37GGIFX Victory IncorePairCorr
  0.4VFFRX Victory IncorePairCorr
  0.39VFFIX Victory IncorePairCorr

Related Correlations Analysis

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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   
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ALCEXFCLKX
TACLXJVFLX
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High negative correlations   
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TACLXENGRX
JVFLXENGRX
ALCEXENGRX

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.