Victory Integrity Correlations

Mutual Funds . USA . 
Fund . Victory Integrity Smallmid Cap
MMMSX Fund  USD 20.26  0.17  0.83%   
The current 90-days correlation between Victory Integrity and Transamerica International Equity is 0.55 (i.e., Very weak diversification). The correlation of Victory Integrity 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 Integrity Correlation With Market

Very poor diversification

The correlation between Victory Integrity Smallmid Cap and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Integrity Smallmid 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 Integrity Smallmid 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 state.

Moving together with Victory Mutual Fund

  0.93UINQX Usaa Nasdaq 100PairCorr
  0.97SRVEX Victory Diversified StockPairCorr
  0.98SSGSX Victory Sycamore SmallPairCorr
  0.66SBALX Victory StrategicPairCorr
  0.97SSVSX Victory Special ValuePairCorr
  0.82SBFCX Victory Incore InvestmentPairCorr
  0.82SBFMX Victory PortfoliosPairCorr
  0.94MMECX Victory IntegrityPairCorr
  0.98MMEAX Victory IntegrityPairCorr
  0.98MMMMX Victory IntegrityPairCorr
  0.98MNNAX Victory Munder MultiPairCorr
  0.9RSEGX Victory Rs SmallPairCorr
  0.96RSDGX Victory Rs SelectPairCorr
  0.94RSGGX Victory Rs GlobalPairCorr
  0.96RSGFX Victory Rs SelectPairCorr
  0.93RSGRX Victory Rs GrowthPairCorr
  0.94RSIFX Victory Rs Science Potential GrowthPairCorr
  0.92RSMMX Victory Rs SmallPairCorr
  0.96RSMOX Victory Rs MidPairCorr
  0.99RSPFX Victory Rs PartnersPairCorr
  0.99RSPMX Victory Rs PartnersPairCorr
  0.99RSPYX Victory Rs PartnersPairCorr
  0.95RSVAX Victory Rs ValuePairCorr

Moving against Victory Mutual Fund

  0.71IPFIX Victory IncorePairCorr
  0.61UITCX Usaa Intermediate TermPairCorr
  0.59UITBX Intermediate Term BondPairCorr
  0.58UINCX Income Fund IncomePairCorr
  0.36RSENX Victory Sophus EmergingPairCorr
  0.49RSIGX Victory Rs InternationalPairCorr

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 Integrity 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 Integrity'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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