Victory Integrity Correlations

MYIMX Fund  USD 27.71  0.14  0.50%   
The current 90-days correlation between Victory Integrity Mid and Victory Rs International is 0.4 (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

Almost no diversification

The correlation between Victory Integrity Mid Cap and DJI is 0.9 (i.e., Almost no 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.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Victory Integrity Mid 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 population.

Moving together with Victory Mutual Fund

  0.79GUHYX Victory High YieldPairCorr
  0.9GETGX Victory Sycamore EstPairCorr
  0.9MMEYX Victory IntegrityPairCorr
  0.95MNNCX Victory Munder MultiPairCorr
  0.92MNNYX Victory Munder MultiPairCorr
  0.92RSCCX Victory Rs SmallPairCorr
  0.95RSEJX Victory Rs SmallPairCorr
  0.94RSCYX Victory Rs SmallPairCorr
  0.96RSPKX Victory Rs PartnersPairCorr
  0.93RSSRX Victory Rs SelectPairCorr
  0.95VSPIX Victory Special ValuePairCorr
  0.95VSOIX Victory Sycamore SmallPairCorr
  0.95VSORX Victory Sycamore SmallPairCorr
  0.92VSOYX Victory Sycamore SmallPairCorr
  0.92VSVGX Victory Special ValuePairCorr
  0.95VSVCX Victory Special ValuePairCorr
  0.71VBFIX Victory StrategicPairCorr
  0.72VBFCX Victory StrategicPairCorr
  0.96MRIMX Victory Integrity MidPairCorr
  0.92MRVSX Victory Integrity Small Potential GrowthPairCorr
  0.95MAISX Victory IntegrityPairCorr
  0.83MASCX Victory Munder SmallPairCorr
  0.92VDSIX Victory Diversified StockPairCorr
  0.95VDSRX Victory Diversified StockPairCorr
  0.95VDSYX Victory Diversified StockPairCorr
  0.96VEVIX Victory Sycamore EstPairCorr
  0.96VEVYX Victory Sycamore EstPairCorr
  0.96VEVRX Victory Sycamore EstPairCorr
  0.96MCIMX Victory Integrity MidPairCorr

Moving against Victory Mutual Fund

  0.61GGIFX Victory IncorePairCorr
  0.44GUBGX Victory Rs InternationalPairCorr
  0.43RSIRX Victory Rs InternationalPairCorr
  0.68MUCCX Victory Incore TotalPairCorr
  0.65MUCAX Victory Incore TotalPairCorr
  0.64MUCRX Victory Incore TotalPairCorr
  0.62VFFRX Victory IncorePairCorr
  0.44RIGKX Victory Rs InternationalPairCorr
  0.42MSSIX Victory TrivalentPairCorr

Related Correlations Analysis

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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   
RSCCXMMEYX
RSEJXRSCCX
RSCYXRSCCX
RSEJXMMEYX
MNNYXMNNCX
RSCYXMMEYX
  
High negative correlations   
GGIFXMNNYX
GGIFXMNNCX
RSCYXGGIFX
RSCCXGGIFX
RSCYXGUBGX
RSCCXGUBGX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GUBGX  0.64 (0.04)(0.15) 0.03  0.77 
 1.21 
 4.93 
GUHYX  0.13  0.02 (0.53) 0.41  0.00 
 0.37 
 1.10 
GETGX  0.55  0.05 (0.11) 0.75  0.52 
 1.17 
 3.53 
MMEYX  0.96  0.16  0.04  1.10  0.82 
 2.44 
 8.89 
MNNCX  0.54  0.06  0.06  0.21  0.51 
 1.51 
 5.06 
MNNYX  0.57  0.16  0.03  3.07  0.63 
 1.49 
 5.07 
GGIFX  0.07 (0.01) 0.00  0.79  0.00 
 0.15 
 0.73 
RSCCX  1.00  0.23  0.13  0.63  0.85 
 2.34 
 5.59 
RSEJX  0.89  0.16  0.06  0.63  0.83 
 2.14 
 5.94 
RSCYX  0.98  0.16  0.17  0.28  0.72 
 2.29 
 5.60