Victory Incore Correlations

MUCAX Fund

USD 8.27 0.01 0.12%

The current 90-days correlation between Victory Incore Total and Royce Total Return is 0.13 (i.e., Average diversification). The correlation of Victory Incore 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 Incore Correlation With Market

Average diversification

The correlation between Victory Incore Total and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Incore Total 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 Incore Total. 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

0.86	GUBGX	Victory Rs International	Pair Corr
0.79	GUHYX	Victory High Yield	Pair Corr
0.91	GGIFX	Victory Incore	Pair Corr
0.86	RSIRX	Victory Rs International	Pair Corr
0.82	MAIRX	Victory Trivalent	Pair Corr
0.78	MSSIX	Victory Trivalent	Pair Corr
0.69	REMKX	Victory Sophus Emerging	Pair Corr
1.0	MUCCX	Victory Incore Total	Pair Corr

Moving against Victory Mutual Fund

0.71	RSCCX	Victory Rs Small	Pair Corr
0.71	RSEJX	Victory Rs Small	Pair Corr
0.69	RSCYX	Victory Rs Small	Pair Corr
0.63	RSSRX	Victory Rs Select	Pair Corr
0.43	MNNYX	Victory Munder Multi	Pair Corr
0.34	VSOIX	Victory Sycamore Small	Pair Corr
0.34	VSORX	Victory Sycamore Small	Pair Corr
0.32	VSPIX	Victory Special Value	Pair Corr
0.39	VDSIX	Victory Diversified Stock	Pair Corr
0.35	VDSRX	Victory Diversified Stock	Pair Corr
0.34	VSOYX	Victory Sycamore Small	Pair Corr
0.33	VDSYX	Victory Diversified Stock	Pair Corr
0.52	RGWCX	Victory Rs Growth	Pair Corr
0.36	RGGCX	Victory Rs Global	Pair Corr
0.35	RGGKX	Victory Rs Global	Pair Corr
0.33	GOGFX	Victory Sycamore Small	Pair Corr

Related Correlations Analysis

	RYTRX	GSXPX	BPSCX	MXLSX	ARSMX	HRVIX	RSPMX
RYTRX		0.87	0.91	0.88	0.85	0.89	0.9	RYTRX
GSXPX	0.87		0.91	0.92	0.82	0.92	0.91	GSXPX
BPSCX	0.91	0.91		0.85	0.85	0.85	0.93	BPSCX
MXLSX	0.88	0.92	0.85		0.8	0.97	0.92	MXLSX
ARSMX	0.85	0.82	0.85	0.8		0.87	0.92	ARSMX
HRVIX	0.89	0.92	0.85	0.97	0.87		0.93	HRVIX
RSPMX	0.9	0.91	0.93	0.92	0.92	0.93		RSPMX
	RYTRX	GSXPX	BPSCX	MXLSX	ARSMX	HRVIX	RSPMX

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Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Incore 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 Incore'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
RYTRX	0.88	(0.24)	1.57	1.19	(2.29)	5.48
GSXPX	1.14	(0.31)	(0.38)	1.48	(2.45)	13.28
BPSCX	1.04	(0.25)	(0.34)	1.51	(2.12)	12.69
MXLSX	0.81	(0.12)	(0.21)	1.37	(2.00)	3.97
ARSMX	0.81	(0.20)	(0.66)	1.11	(1.56)	9.01
HRVIX	0.99	(0.17)	(0.25)	1.50	(2.20)	4.67
RSPMX	0.86	(0.15)	(0.25)	1.31	(1.88)	5.64

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