Victory Rs Correlations

RCOCX Fund

USD 43.87 0.14 0.32%

The current 90-days correlation between Victory Rs Large and Calvert Conservative Allocation is 0.12 (i.e., Average diversification). The correlation of Victory Rs 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 Rs Correlation With Market

Average diversification

The correlation between Victory Rs Large and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Rs Large and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Victory Rs Large. 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 main economic indicators.

Moving together with Victory Mutual Fund

0.75	SRVEX	Victory Diversified Stock	Pair Corr
0.7	SSGSX	Victory Sycamore Small	Pair Corr
0.84	SSVSX	Victory Special Value	Pair Corr
0.79	MMECX	Victory Integrity	Pair Corr
0.66	MMEAX	Victory Integrity	Pair Corr
0.75	MMIJX	Victory Integrity Mid	Pair Corr
0.83	MMMSX	Victory Integrity	Pair Corr
0.73	MNNAX	Victory Munder Multi	Pair Corr
0.84	RSINX	Victory Rs Investors	Pair Corr
0.83	RSIYX	Victory Rs Investors	Pair Corr

Related Correlations Analysis

	CFAIX	FHCOX	TFCAX	BICPX	FZABX	ELDFX	PGBAX
CFAIX		-0.24	0.06	0.96	0.44	0.84	0.74	CFAIX
FHCOX	-0.24		0.88	-0.25	-0.63	0.16	-0.68	FHCOX
TFCAX	0.06	0.88		0.08	-0.59	0.4	-0.47	TFCAX
BICPX	0.96	-0.25	0.08		0.34	0.78	0.75	BICPX
FZABX	0.44	-0.63	-0.59	0.34		0.23	0.7	FZABX
ELDFX	0.84	0.16	0.4	0.78	0.23		0.39	ELDFX
PGBAX	0.74	-0.68	-0.47	0.75	0.7	0.39		PGBAX
	CFAIX	FHCOX	TFCAX	BICPX	FZABX	ELDFX	PGBAX

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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

BICPX	+ 0.96	CFAIX
TFCAX	+ 0.88	FHCOX
ELDFX	+ 0.84	CFAIX
ELDFX	+ 0.78	BICPX
PGBAX	+ 0.75	BICPX
PGBAX	+ 0.74	CFAIX

High negative correlations

PGBAX	- 0.68	FHCOX
FZABX	- 0.63	FHCOX
FZABX	- 0.59	TFCAX
PGBAX	- 0.47	TFCAX
BICPX	- 0.25	FHCOX
FHCOX	- 0.24	CFAIX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Rs 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 Rs' 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
CFAIX	0.26	(0.04)	(0.14)	0.44	(0.50)	1.26
FHCOX	0.03	0.00	(0.78)	0.00	0.00	0.60
TFCAX	0.03	0.00	(0.41)	0.10	0.00	0.40
BICPX	0.18	(0.02)	(0.17)	0.44	(0.43)	1.30
FZABX	0.76	(0.18)	(0.28)	1.18	(1.71)	8.75
ELDFX	0.33	(0.02)	(0.03)	0.70	(0.69)	2.09
PGBAX	0.14	(0.03)	(1.00)	0.25	(0.33)	1.00

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