Victory Integrity Correlations

MRVSX Fund

USD 25.28 0.02 0.08%

The current 90-days correlation between Victory Integrity Small and Victory Trivalent International is 0.73 (i.e., Poor 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

Poor diversification

The correlation between Victory Integrity Small Cap and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Integrity Small 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 Small 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

0.8	GETGX	Victory Sycamore Est	Pair Corr
0.95	MMEYX	Victory Integrity	Pair Corr
0.95	MNNCX	Victory Munder Multi	Pair Corr
0.95	MNNYX	Victory Munder Multi	Pair Corr
0.97	RSCCX	Victory Rs Small	Pair Corr
0.97	RSEJX	Victory Rs Small	Pair Corr
0.95	RSCYX	Victory Rs Small	Pair Corr
0.94	RSPKX	Victory Rs Partners	Pair Corr
0.96	RSSRX	Victory Rs Select	Pair Corr
0.95	VSPIX	Victory Special Value	Pair Corr
0.99	VSOIX	Victory Sycamore Small	Pair Corr
0.99	VSORX	Victory Sycamore Small	Pair Corr
0.99	VSOYX	Victory Sycamore Small	Pair Corr
0.96	VSVGX	Victory Special Value	Pair Corr
0.96	VSVCX	Victory Special Value	Pair Corr
0.79	MRIMX	Victory Integrity Mid	Pair Corr
0.96	MAISX	Victory Integrity	Pair Corr
0.61	MASCX	Victory Munder Small	Pair Corr
0.95	VDSIX	Victory Diversified Stock	Pair Corr
0.95	VDSRX	Victory Diversified Stock	Pair Corr
0.95	VDSYX	Victory Diversified Stock	Pair Corr
0.86	VEVIX	Victory Sycamore Est	Pair Corr
0.86	VEVYX	Victory Sycamore Est	Pair Corr
0.86	VEVRX	Victory Sycamore Est	Pair Corr
0.75	MCIMX	Victory Integrity Mid	Pair Corr

Moving against Victory Mutual Fund

0.84	GGIFX	Victory Incore	Pair Corr
0.7	GUBGX	Victory Rs International	Pair Corr
0.7	RSIRX	Victory Rs International	Pair Corr
0.48	GUHYX	Victory High Yield	Pair Corr
0.65	MAIRX	Victory Trivalent	Pair Corr
0.57	MSSIX	Victory Trivalent	Pair Corr
0.53	REMKX	Victory Sophus Emerging	Pair Corr
0.82	VFFIX	Victory Incore	Pair Corr
0.82	VFFRX	Victory Incore	Pair Corr
0.74	MUCRX	Victory Incore Total	Pair Corr
0.74	MUCYX	Victory Incore Total	Pair Corr
0.72	MUCCX	Victory Incore Total	Pair Corr
0.72	MUCAX	Victory Incore Total	Pair Corr

Related Correlations Analysis

	MSSIX	VDSIX	REMKX	VDSRX	VDSYX	RETCX	GUBFX	GUBGX	GUIQX
MSSIX		-0.39	0.95	-0.39	-0.39	-0.05	0.0	0.93	0.0	MSSIX
VDSIX	-0.39		-0.34	1.0	1.0	0.34	0.0	-0.56	0.0	VDSIX
REMKX	0.95	-0.34		-0.34	-0.34	-0.06	0.0	0.89	0.0	REMKX
VDSRX	-0.39	1.0	-0.34		1.0	0.34	0.0	-0.56	0.0	VDSRX
VDSYX	-0.39	1.0	-0.34	1.0		0.34	0.0	-0.56	0.0	VDSYX
RETCX	-0.05	0.34	-0.06	0.34	0.34		0.0	-0.01	0.0	RETCX
GUBFX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	GUBFX
GUBGX	0.93	-0.56	0.89	-0.56	-0.56	-0.01	0.0		0.0	GUBGX
GUIQX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		GUIQX
	MSSIX	VDSIX	REMKX	VDSRX	VDSYX	RETCX	GUBFX	GUBGX	GUIQX

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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

VDSRX	+ 1.0	VDSIX
VDSYX	+ 1.0	VDSIX
VDSYX	+ 1.0	VDSRX
REMKX	+ 0.95	MSSIX
GUBGX	+ 0.93	MSSIX
GUBGX	+ 0.89	REMKX

High negative correlations

GUBGX	- 0.56	VDSYX
GUBGX	- 0.56	VDSRX
GUBGX	- 0.56	VDSIX
VDSYX	- 0.39	MSSIX
VDSRX	- 0.39	MSSIX
VDSIX	- 0.39	MSSIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MSSIX	0.66	0.09	0.10	0.15	0.78	(0.71)	1.49	(1.16)	5.43
VDSIX	0.86	(0.09)	0.00	(0.08)	0.00	0.00	1.40	(2.02)	4.63
REMKX	0.78	0.08	0.07	0.17	0.96	(0.76)	1.59	(1.69)	5.91
VDSRX	0.86	(0.08)	0.00	(0.08)	0.00	0.00	1.40	(2.02)	4.62
VDSYX	0.86	(0.09)	0.00	(0.08)	0.00	0.00	1.40	(2.02)	4.62
RETCX	0.24	(0.04)	0.00	(0.79)	0.00	0.00	0.48	(0.84)	1.68
GUBFX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GUBGX	0.65	0.09	0.09	(0.31)	0.77	(0.72)	1.30	(1.31)	5.11
GUIQX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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