Victory Integrity Correlations

MYISX Fund  USD 25.41  0.29  1.13%   
The current 90-days correlation between Victory Integrity and Fidelity Low Priced Stock is 0.94 (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 Smallmid 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 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

  0.75GUHYX Victory High YieldPairCorr
  0.92MMEYX Victory IntegrityPairCorr
  0.94MNNCX Victory Munder MultiPairCorr
  0.91MNNYX Victory Munder MultiPairCorr
  0.95RSCCX Victory Rs SmallPairCorr
  0.97RSEJX Victory Rs SmallPairCorr
  0.97RSCYX Victory Rs SmallPairCorr
  0.98RSPKX Victory Rs PartnersPairCorr
  0.98RSSRX Victory Rs SelectPairCorr
  0.94VSPIX Victory Special ValuePairCorr
  0.98VSOIX Victory Sycamore SmallPairCorr
  0.98VSORX Victory Sycamore SmallPairCorr
  0.98VSOYX Victory Sycamore SmallPairCorr
  0.72VBFIX Victory StrategicPairCorr
  0.99MRIMX Victory Integrity MidPairCorr
  0.83MASCX Victory Munder SmallPairCorr
  0.94VDSIX Victory Diversified StockPairCorr
  0.94VDSRX Victory Diversified StockPairCorr
  0.94VDSYX Victory Diversified StockPairCorr
  0.94VEVIX Victory Sycamore EstPairCorr
  0.94VEVYX Victory Sycamore EstPairCorr
  0.94VEVRX Victory Sycamore EstPairCorr
  0.99MCIMX Victory Integrity MidPairCorr
  0.92RGWCX Victory Rs GrowthPairCorr
  0.91RHYKX Victory High YieldPairCorr
  0.96RINCX Victory Rs SciencePairCorr
  0.99MGOYX Victory Munder MidPairCorr
  0.99MYIMX Victory Integrity MidPairCorr

Moving against Victory Mutual Fund

  0.61GGIFX Victory IncorePairCorr
  0.48GUBGX Victory Rs InternationalPairCorr
  0.47RSIRX Victory Rs InternationalPairCorr
  0.44MSSIX Victory TrivalentPairCorr
  0.68MUCCX Victory Incore TotalPairCorr
  0.67MUCAX Victory Incore TotalPairCorr
  0.66MUCRX Victory Incore TotalPairCorr
  0.5RIGCX Victory Rs InternationalPairCorr
  0.49RIGKX Victory Rs InternationalPairCorr
  0.46MISIX Victory TrivalentPairCorr
  0.44MYSIX Victory TrivalentPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FLPKX  0.58 (0.08)(0.14) 0.05  0.59 
 1.30 
 3.99 
FLPSX  0.60  0.01 (0.16) 0.45  0.70 
 1.30 
 3.99 
VMVAX  0.53  0.00 (0.07) 0.13  0.35 
 1.08 
 3.06 
JVMAX  0.59 (0.03)(0.05) 0.11  0.42 
 1.31 
 4.94 
JVMIX  0.60 (0.03)(0.04) 0.11  0.42 
 1.30 
 5.00 
VMVIX  0.53 (0.01)(0.07) 0.13  0.35 
 1.08 
 3.07 
JMVZX  0.57 (0.01)(0.05) 0.12  0.41 
 1.19 
 4.47 
JMVRX  0.57 (0.01)(0.04) 0.13  0.40 
 1.18 
 4.47 
JMVQX  0.57 (0.01)(0.04) 0.12  0.41 
 1.19 
 4.47 
JMVYX  0.57 (0.01)(0.04) 0.13  0.40 
 1.18 
 4.46