Victory Sophus Correlations

REMGX Fund

USD 14.71 0.07 0.47%

The current 90-days correlation between Victory Sophus Emerging and Sa Emerging Markets is 0.66 (i.e., Poor 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

Weak diversification

The correlation between Victory Sophus Emerging and DJI is 0.39 (i.e., Weak 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

0.73	UINCX	Income Fund Income	Pair Corr
0.74	UITBX	Intermediate Term Bond	Pair Corr
0.72	UITCX	Usaa Intermediate Term	Pair Corr
0.65	UITIX	Usaa Tax Exempt	Pair Corr
0.71	IPFIX	Victory Incore	Pair Corr
0.74	RSDYX	Victory Incore Low	Pair Corr
1.0	RSENX	Victory Sophus Emerging	Pair Corr
0.91	RSIGX	Victory Rs International	Pair Corr

Moving against Victory Mutual Fund

0.6	RSEGX	Victory Rs Small	Pair Corr
0.44	RSDGX	Victory Rs Select	Pair Corr
0.44	RSGFX	Victory Rs Select	Pair Corr
0.41	SSGSX	Victory Sycamore Small	Pair Corr
0.33	SRVEX	Victory Diversified Stock	Pair Corr
0.32	MNNAX	Victory Munder Multi	Pair Corr
0.59	RSYEX	Victory Rs Small	Pair Corr
0.55	RSMMX	Victory Rs Small	Pair Corr
0.43	RSGRX	Victory Rs Growth	Pair Corr
0.43	RSSYX	Victory Rs Select	Pair Corr
0.42	VSCVX	Victory Integrity Small	Pair Corr
0.42	VSVIX	Victory Integrity Small	Pair Corr
0.38	RSMOX	Victory Rs Mid	Pair Corr
0.33	RSIFX	Victory Rs Science	Pair Corr

Related Correlations Analysis

	SAEMX	TEOJX	VIESX	REMVX	PIEFX	SEDIX	RYACX
SAEMX		0.94	0.94	0.95	0.94	0.74	0.41	SAEMX
TEOJX	0.94		0.93	0.99	0.99	0.86	0.45	TEOJX
VIESX	0.94	0.93		0.94	0.96	0.77	0.24	VIESX
REMVX	0.95	0.99	0.94		0.99	0.86	0.45	REMVX
PIEFX	0.94	0.99	0.96	0.99		0.84	0.35	PIEFX
SEDIX	0.74	0.86	0.77	0.86	0.84		0.48	SEDIX
RYACX	0.41	0.45	0.24	0.45	0.35	0.48		RYACX
	SAEMX	TEOJX	VIESX	REMVX	PIEFX	SEDIX	RYACX

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 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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SAEMX	0.58	0.03	0.10	0.16	0.77	(0.61)	1.17	(1.44)	3.59
TEOJX	0.78	0.10	0.14	0.19	0.92	(0.85)	1.54	(1.53)	5.83
VIESX	0.54	0.02	0.08	0.00	0.71	(0.61)	1.31	(1.56)	3.67
REMVX	0.80	0.09	0.12	0.12	0.94	(0.87)	1.67	(1.56)	5.76
PIEFX	0.99	0.10	0.10	0.15	1.26	(0.99)	2.06	(2.04)	6.94
SEDIX	0.09	0.01	0.39	0.15	0.00	(0.16)	0.21	(0.21)	0.53
RYACX	1.08	0.09	0.18	(0.16)	1.06	(1.24)	2.78	(1.58)	6.30

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC