Victory Sophus Correlations

REMGX Fund

USD 14.04 0.10 0.71%

The current 90-days correlation between Victory Sophus Emerging and T Rowe Price is 0.49 (i.e., Very weak diversification). The correlation of Victory Sophus 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 Sophus Correlation With Market

Significant diversification

The correlation between Victory Sophus Emerging and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Sophus Emerging 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 Sophus Emerging. 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 price.

Moving together with Victory Mutual Fund

0.63	UITIX	Usaa Tax Exempt	Pair Corr
0.68	IPFIX	Victory Incore	Pair Corr
0.67	RSDYX	Victory Incore Low	Pair Corr
0.93	RSENX	Victory Sophus Emerging	Pair Corr
0.84	RSIGX	Victory Rs International	Pair Corr

Moving against Victory Mutual Fund

0.36	RSEGX	Victory Rs Small	Pair Corr
0.61	UNYBX	New York Bond	Pair Corr
0.41	RSYEX	Victory Rs Small	Pair Corr
0.38	RSMMX	Victory Rs Small	Pair Corr

Related Correlations Analysis

	TRBCX	MSSGX	VIGRX	EIPIX	LGPSX	TFAGX	HGOIX
TRBCX		0.85	0.81	0.01	0.8	0.82	0.95	TRBCX
MSSGX	0.85		0.79	0.12	0.76	0.73	0.83	MSSGX
VIGRX	0.81	0.79		0.06	0.97	0.63	0.78	VIGRX
EIPIX	0.01	0.12	0.06		0.04	0.36	-0.13	EIPIX
LGPSX	0.8	0.76	0.97	0.04		0.65	0.81	LGPSX
TFAGX	0.82	0.73	0.63	0.36	0.65		0.74	TFAGX
HGOIX	0.95	0.83	0.78	-0.13	0.81	0.74		HGOIX
	TRBCX	MSSGX	VIGRX	EIPIX	LGPSX	TFAGX	HGOIX

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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

LGPSX	+ 0.97	VIGRX
HGOIX	+ 0.95	TRBCX
MSSGX	+ 0.85	TRBCX
HGOIX	+ 0.83	MSSGX
TFAGX	+ 0.82	TRBCX
VIGRX	+ 0.81	TRBCX

High negative correlations

HGOIX

- 0.13

EIPIX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Sophus 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 Sophus' 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
TRBCX	0.96	(0.06)	0.18	1.78	(2.66)	5.59
MSSGX	1.56	(0.17)	0.72	3.29	(3.26)	10.50
VIGRX	0.94	0.02	(0.06)	1.69	(2.42)	5.11
EIPIX	0.83	(0.07)	(0.22)	1.62	(1.72)	8.17
LGPSX	0.97	0.02	(0.06)	1.79	(2.55)	6.05
TFAGX	0.83	(0.06)	0.42	1.46	(2.06)	5.07
HGOIX	1.13	(0.08)	0.19	1.99	(3.08)	6.39

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