Victory Rs Correlations

RGRYX Fund

USD 30.42 0.14 0.46%

The current 90-days correlation between Victory Rs Growth and Barings Emerging Markets is -0.28 (i.e., Very good 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

Good diversification

The correlation between Victory Rs Growth and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Rs Growth 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 Growth. 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 manufacturing.

Moving together with Victory Mutual Fund

0.77	AGTHX	Growth Fund	Pair Corr
0.84	AXP	American Express	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.61	DIS	Walt Disney	Pair Corr
0.7	BA	Boeing	Pair Corr
0.65	JPM	JPMorgan Chase	Pair Corr

Moving against Victory Mutual Fund

0.68	VZ	Verizon Communications	Pair Corr
0.53	KO	Coca Cola	Pair Corr
0.51	MCD	McDonalds	Pair Corr
0.48	PG	Procter Gamble	Pair Corr
0.39	NHS	Neuberger Berman High	Pair Corr
0.34	XOM	Exxon Mobil Corp	Pair Corr

Related Correlations Analysis

	BXECX	DIHRX	FZDAQX	CABIX	RTIUX	FLAKQX
BXECX		0.95	0.41	0.56	0.94	0.25	BXECX
DIHRX	0.95		0.43	0.65	0.99	0.35	DIHRX
FZDAQX	0.41	0.43		0.62	0.41	0.6	FZDAQX
CABIX	0.56	0.65	0.62		0.63	0.85	CABIX
RTIUX	0.94	0.99	0.41	0.63		0.33	RTIUX
FLAKQX	0.25	0.35	0.6	0.85	0.33		FLAKQX
	BXECX	DIHRX	FZDAQX	CABIX	RTIUX	FLAKQX

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 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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BXECX	0.19	0.04	0.36	0.67	0.00	(0.32)	0.55	(0.27)	1.21
DIHRX	0.60	0.10	0.16	0.13	0.68	(0.69)	1.51	(1.19)	3.80
FZDAQX	0.12	0.00	0.20	(0.08)	0.18	(0.15)	0.21	(0.41)	1.03
CABIX	0.38	0.01	0.00	(0.05)	0.00	0.00	0.73	(0.80)	2.58
RTIUX	0.61	0.10	0.16	0.14	0.76	(0.66)	1.47	(1.45)	5.02
FLAKQX	0.83	0.04	0.05	(0.01)	1.12	(0.93)	1.75	(2.40)	4.80

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