Victory Integrity Correlations

MYISX Fund  USD 25.28  0.08  0.32%   
The current 90-days correlation between Victory Integrity and Victory Rs International is 0.34 (i.e., 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

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

  0.76GUHYX Victory High YieldPairCorr
  0.89GETGX Victory Sycamore EstPairCorr
  0.94MMEYX Victory IntegrityPairCorr
  0.94MNNCX Victory Munder MultiPairCorr
  0.91MNNYX Victory Munder MultiPairCorr
  0.95RSCCX Victory Rs SmallPairCorr
  0.96RSEJX Victory Rs SmallPairCorr
  0.97RSCYX Victory Rs SmallPairCorr
  0.98RSPKX Victory Rs PartnersPairCorr
  0.95RSSRX Victory Rs SelectPairCorr
  0.94VSPIX Victory Special ValuePairCorr
  0.98VSOIX Victory Sycamore SmallPairCorr
  0.98VSORX Victory Sycamore SmallPairCorr
  0.95VSOYX Victory Sycamore SmallPairCorr
  0.91VSVGX Victory Special ValuePairCorr
  0.94VSVCX Victory Special ValuePairCorr
  0.67VBFIX Victory StrategicPairCorr
  0.68VBFCX Victory StrategicPairCorr
  0.95MRIMX Victory Integrity MidPairCorr
  0.94MRVSX Victory Integrity Small Potential GrowthPairCorr
  0.96MAISX Victory IntegrityPairCorr
  0.8MASCX Victory Munder SmallPairCorr
  0.91VDSIX 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
  0.95MCIMX Victory Integrity MidPairCorr

Moving against Victory Mutual Fund

  0.61GGIFX Victory IncorePairCorr
  0.49GUBGX Victory Rs InternationalPairCorr
  0.48RSIRX Victory Rs InternationalPairCorr
  0.47MSSIX Victory TrivalentPairCorr
  0.67MUCCX Victory Incore TotalPairCorr
  0.64MUCAX Victory Incore TotalPairCorr
  0.63MUCRX Victory Incore TotalPairCorr
  0.63MUCYX Victory Incore TotalPairCorr
  0.62VFFRX Victory IncorePairCorr
  0.52RIGCX Victory Rs InternationalPairCorr

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