Victory Rs Correlations
RINCX Fund | USD 19.22 0.42 2.23% |
The current 90-days correlation between Victory Rs Science and Veea Inc is -0.01 (i.e., 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
Average diversification
The correlation between Victory Rs Science and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Rs Science and DJI in the same portfolio, assuming nothing else is changed.
Victory |
Moving together with Victory Mutual Fund
Moving against Victory Mutual Fund
0.73 | DZSI | DZS Inc | PairCorr |
0.69 | XELAP | Exela Technologies | PairCorr |
0.65 | VHAI | VHAI | PairCorr |
0.49 | VVPR | VivoPower International Tech Boost | PairCorr |
0.42 | VEEA | Veea Inc Symbol Change | PairCorr |
0.88 | GETR | Getaround Financial Report 20th of December 2024 | PairCorr |
0.86 | VLD | Velo3D Inc | PairCorr |
0.84 | EVOL | Evolving Systems | PairCorr |
0.72 | SBIGW | SpringBig Holdings | PairCorr |
0.63 | XELA | Exela Technologies | PairCorr |
0.86 | ZPTAW | Zapata Computing Holdings | PairCorr |
0.86 | ZPTA | Zapata Computing Holdings Symbol Change | PairCorr |
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
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
VEEA | 8.96 | (0.85) | 0.00 | 0.51 | 0.00 | 11.11 | 157.04 | |||
VHAI | 9.97 | (1.52) | 0.00 | 0.41 | 0.00 | 20.73 | 54.90 | |||
VVPR | 6.18 | 0.33 | 0.02 | (36.04) | 10.61 | 11.02 | 112.34 | |||
WBTN | 3.12 | (0.03) | 0.01 | 0.12 | 4.06 | 7.65 | 20.14 | |||
GUBGX | 0.70 | (0.05) | 0.00 | 2.02 | 0.00 | 1.21 | 4.93 | |||
GUHYX | 0.13 | 0.02 | (0.51) | 0.48 | 0.00 | 0.37 | 1.10 | |||
GETGX | 0.57 | 0.04 | (0.10) | 0.40 | 0.58 | 1.17 | 3.53 | |||
MMEYX | 0.96 | 0.03 | 0.10 | 0.16 | 0.71 | 2.44 | 8.89 | |||
MNNCX | 0.54 | 0.19 | 0.08 | 4.07 | 0.48 | 1.51 | 5.06 | |||
MNNYX | 0.61 | 0.09 | (0.03) | 1.16 | 0.90 | 1.49 | 5.07 |