Victory Integrity Correlations
MYIMX Fund | USD 28.17 0.06 0.21% |
The current 90-days correlation between Victory Integrity Mid and Victory Sycamore Established is 0.93 (i.e., Almost no 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 Mid Cap and DJI is 0.88 (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 Mid Cap and DJI in the same portfolio, assuming nothing else is changed.
Victory |
Moving together with Victory Mutual Fund
0.96 | GETGX | Victory Sycamore Est | PairCorr |
0.82 | MMEYX | Victory Integrity | PairCorr |
0.73 | MNNCX | Victory Munder Multi | PairCorr |
0.74 | MNNYX | Victory Munder Multi | PairCorr |
0.83 | RSCCX | Victory Rs Small | PairCorr |
0.8 | RSEJX | Victory Rs Small | PairCorr |
0.82 | RSCYX | Victory Rs Small | PairCorr |
0.83 | RSPKX | Victory Rs Partners | PairCorr |
0.8 | RSSRX | Victory Rs Select | PairCorr |
0.74 | VSPIX | Victory Special Value | PairCorr |
0.84 | VSOIX | Victory Sycamore Small | PairCorr |
0.95 | VSORX | Victory Sycamore Small | PairCorr |
0.83 | VSOYX | Victory Sycamore Small | PairCorr |
0.74 | VSVGX | Victory Special Value | PairCorr |
0.74 | VSVCX | Victory Special Value | PairCorr |
0.79 | MRIMX | Victory Integrity Mid | PairCorr |
0.83 | MRVSX | Victory Integrity Small | PairCorr |
0.83 | MAISX | Victory Integrity | PairCorr |
0.64 | MASCX | Victory Munder Small | PairCorr |
0.74 | VDSIX | Victory Diversified Stock | PairCorr |
0.74 | VDSRX | Victory Diversified Stock | PairCorr |
0.74 | VDSYX | Victory Diversified Stock | PairCorr |
0.78 | VEVIX | Victory Sycamore Est | PairCorr |
0.78 | VEVYX | Victory Sycamore Est | PairCorr |
0.78 | VEVRX | Victory Sycamore Est | PairCorr |
1.0 | MCIMX | Victory Integrity Mid | PairCorr |
Moving against Victory Mutual Fund
0.62 | GGIFX | Victory Incore | PairCorr |
0.41 | GUBGX | Victory Rs International | PairCorr |
0.4 | RSIRX | Victory Rs International | PairCorr |
0.4 | MSSIX | Victory Trivalent | PairCorr |
0.67 | VFFIX | Victory Incore | PairCorr |
0.64 | VFFRX | Victory Incore | PairCorr |
0.62 | MUCCX | Victory Incore Total | PairCorr |
0.62 | MUCAX | Victory Incore Total | PairCorr |
Related Correlations Analysis
0.97 | 0.93 | 0.73 | 0.91 | VEVCX | ||
0.97 | 0.96 | 0.78 | 0.94 | JGRCX | ||
0.93 | 0.96 | 0.84 | 0.9 | HWSCX | ||
0.73 | 0.78 | 0.84 | 0.73 | HWSAX | ||
0.91 | 0.94 | 0.9 | 0.73 | RYCYX | ||
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
VEVCX | 0.54 | (0.04) | (0.11) | 0.09 | 0.51 | 1.16 | 3.52 | |||
JGRCX | 0.55 | 0.00 | (0.03) | 0.13 | 0.51 | 1.23 | 3.56 | |||
HWSCX | 0.78 | (0.04) | (0.01) | 0.10 | 0.63 | 1.70 | 6.33 | |||
HWSAX | 0.78 | 0.03 | 0.07 | 0.16 | 0.49 | 1.69 | 6.35 | |||
RYCYX | 1.12 | 0.19 | 0.05 | 4.68 | 1.02 | 2.13 | 8.81 |