Victory Trivalent Correlations

MISAX Fund

USD 15.68 0.18 1.13%

The current 90-days correlation between Victory Trivalent and International Value Fund is 0.85 (i.e., Very poor 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

Poor diversification

The correlation between Victory Trivalent Internationa and DJI is 0.66 (i.e., Poor 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 nation.

Moving together with Victory Mutual Fund

0.84	UINCX	Income Fund Income	Pair Corr
0.83	UITBX	Intermediate Term Bond	Pair Corr
0.82	UITCX	Usaa Intermediate Term	Pair Corr
0.62	UITIX	Usaa Tax Exempt	Pair Corr
0.61	RSDYX	Victory Incore Low	Pair Corr
0.96	RSENX	Victory Sophus Emerging	Pair Corr
0.66	RSFYX	Victory Floating Rate	Pair Corr
0.64	RSFLX	Victory Floating Rate	Pair Corr
0.97	RSIGX	Victory Rs International	Pair Corr

Moving against Victory Mutual Fund

0.69	RSEGX	Victory Rs Small	Pair Corr
0.55	RSDGX	Victory Rs Select	Pair Corr
0.55	RSGFX	Victory Rs Select	Pair Corr
0.53	SSGSX	Victory Sycamore Small	Pair Corr
0.44	SRVEX	Victory Diversified Stock	Pair Corr
0.43	MNNAX	Victory Munder Multi	Pair Corr
0.41	UINQX	Usaa Nasdaq 100	Pair Corr
0.41	MMMSX	Victory Integrity	Pair Corr
0.4	MMECX	Victory Integrity	Pair Corr
0.39	MMEAX	Victory Integrity	Pair Corr
0.69	RSYEX	Victory Rs Small	Pair Corr
0.58	VSVIX	Victory Integrity Small	Pair Corr
0.55	RSGRX	Victory Rs Growth	Pair Corr
0.48	RSMMX	Victory Rs Small	Pair Corr
0.48	RSMOX	Victory Rs Mid	Pair Corr
0.47	RSIFX	Victory Rs Science	Pair Corr
0.42	VSCVX	Victory Integrity Small	Pair Corr
0.35	RSPFX	Victory Rs Partners	Pair Corr
0.34	RSPMX	Victory Rs Partners	Pair Corr
0.34	RSPYX	Victory Rs Partners	Pair Corr
0.31	RSNRX	Victory Global Natural	Pair Corr

Related Correlations Analysis

	MEQAX	MIOPX	BEXFX	TIVFX	MGGPX
MEQAX		0.39	0.76	-0.1	-0.09	MEQAX
MIOPX	0.39		0.57	0.28	0.81	MIOPX
BEXFX	0.76	0.57		0.0	0.07	BEXFX
TIVFX	-0.1	0.28	0.0		0.45	TIVFX
MGGPX	-0.09	0.81	0.07	0.45		MGGPX
	MEQAX	MIOPX	BEXFX	TIVFX	MGGPX

Click cells to compare fundamentals

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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

MGGPX	+ 0.81	MIOPX
BEXFX	+ 0.76	MEQAX
BEXFX	+ 0.57	MIOPX
MGGPX	+ 0.45	TIVFX
MIOPX	+ 0.39	MEQAX
TIVFX	+ 0.28	MIOPX

High negative correlations

TIVFX	- 0.1	MEQAX
MGGPX	- 0.09	MEQAX
TIVFX	- 0.0	BEXFX

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
MEQAX	0.67	0.25	0.32	0.40	0.51	(0.78)	1.52	(1.09)	4.43
MIOPX	0.92	0.07	0.06	0.03	1.28	(0.86)	2.12	(2.02)	6.16
BEXFX	0.81	0.06	0.10	1.84	1.05	(0.80)	1.75	(1.75)	6.66
TIVFX	0.75	(0.04)	0.00	(0.12)	0.00	0.00	1.42	(1.98)	5.72
MGGPX	1.04	0.02	0.00	(0.03)	0.00	0.00	1.82	(2.35)	5.54

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