Victory Trivalent Correlations

MISIX Fund

USD 15.80 0.19 1.19%

The current 90-days correlation between Victory Trivalent and Lsv Small Cap is 0.61 (i.e., 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 gross domestic product.

Moving together with Victory Mutual Fund

0.94	GUBGX	Victory Rs International	Pair Corr
0.87	GUHYX	Victory High Yield	Pair Corr
0.84	GGIFX	Victory Incore	Pair Corr
0.94	RSIRX	Victory Rs International	Pair Corr
0.99	MAIRX	Victory Trivalent	Pair Corr
1.0	MSSIX	Victory Trivalent	Pair Corr
0.95	REMKX	Victory Sophus Emerging	Pair Corr
0.81	MUCCX	Victory Incore Total	Pair Corr
0.83	MUCAX	Victory Incore Total	Pair Corr
0.65	MUCRX	Victory Incore Total	Pair Corr
0.83	MUCYX	Victory Incore Total	Pair Corr
0.85	VFFIX	Victory Incore	Pair Corr

Moving against Victory Mutual Fund

0.69	RSEJX	Victory Rs Small	Pair Corr
0.64	RSCCX	Victory Rs Small	Pair Corr
0.64	RSCYX	Victory Rs Small	Pair Corr
0.55	RSSRX	Victory Rs Select	Pair Corr
0.44	MNNCX	Victory Munder Multi	Pair Corr
0.44	VSPIX	Victory Special Value	Pair Corr
0.39	MMEYX	Victory Integrity	Pair Corr
0.36	RSPKX	Victory Rs Partners	Pair Corr
0.59	MRVSX	Victory Integrity Small	Pair Corr
0.53	VSOIX	Victory Sycamore Small	Pair Corr
0.46	VSVCX	Victory Special Value	Pair Corr
0.45	VSVGX	Victory Special Value	Pair Corr
0.44	VDSIX	Victory Diversified Stock	Pair Corr
0.44	VDSRX	Victory Diversified Stock	Pair Corr
0.44	VDSYX	Victory Diversified Stock	Pair Corr
0.37	VSORX	Victory Sycamore Small	Pair Corr
0.37	VSOYX	Victory Sycamore Small	Pair Corr
0.58	RGWCX	Victory Rs Growth	Pair Corr
0.53	GOGFX	Victory Sycamore Small	Pair Corr
0.32	RGGCX	Victory Rs Global	Pair Corr

Related Correlations Analysis

	LVAQX	PRSVX	UCPIX	ARSVX	DRSVX	ARSMX	JSCNX
LVAQX		0.92	-0.97	0.92	0.61	0.9	0.86	LVAQX
PRSVX	0.92		-0.92	0.95	0.49	0.95	0.86	PRSVX
UCPIX	-0.97	-0.92		-0.91	-0.61	-0.88	-0.87	UCPIX
ARSVX	0.92	0.95	-0.91		0.41	0.99	0.79	ARSVX
DRSVX	0.61	0.49	-0.61	0.41		0.39	0.68	DRSVX
ARSMX	0.9	0.95	-0.88	0.99	0.39		0.77	ARSMX
JSCNX	0.86	0.86	-0.87	0.79	0.68	0.77		JSCNX
	LVAQX	PRSVX	UCPIX	ARSVX	DRSVX	ARSMX	JSCNX

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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

ARSMX	+ 0.99	ARSVX
ARSVX	+ 0.95	PRSVX
ARSMX	+ 0.95	PRSVX
PRSVX	+ 0.92	LVAQX
ARSVX	+ 0.92	LVAQX
ARSMX	+ 0.9	LVAQX

High negative correlations

UCPIX	- 0.97	LVAQX
UCPIX	- 0.92	PRSVX
ARSVX	- 0.91	UCPIX
ARSMX	- 0.88	UCPIX
JSCNX	- 0.87	UCPIX
DRSVX	- 0.61	UCPIX

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
LVAQX	0.81	(0.08)	0.00	(0.14)	0.00	0.00	1.58	(1.81)	3.61
PRSVX	0.77	(0.06)	0.00	3.22	0.00	0.00	1.62	(1.79)	4.20
UCPIX	1.90	0.20	0.16	(0.14)	2.14	(2.07)	4.57	(3.62)	10.95
ARSVX	0.67	(0.03)	0.00	0.75	0.00	0.00	1.47	(1.50)	3.39
DRSVX	1.18	(0.30)	0.00	(0.27)	0.00	0.00	1.50	(2.28)	21.20
ARSMX	0.67	(0.02)	0.00	(6.58)	0.00	0.00	1.17	(1.03)	3.08
JSCNX	0.89	(0.19)	0.00	7.36	0.00	0.00	1.59	(1.96)	6.97

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