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 -0.08 (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

Very weak diversification

The correlation between Victory Rs Science and DJI is 0.57 (i.e., Very weak 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.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Victory Rs Science. 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

  0.86WEBB Web Global HoldingsPairCorr
  0.62WELX Winland HoldingsPairCorr
  0.79WGNR WegenerPairCorr
  0.79CETXP Cemtrex PrefPairCorr
  0.66ITI Iteris IncPairCorr

Moving against Victory Mutual Fund

  0.83DLPX Delphax TechnologiesPairCorr
  0.76DZSI DZS IncPairCorr
  0.7XELAP Exela TechnologiesPairCorr
  0.64VHAI VHAIPairCorr
  0.47VVPR VivoPower International Tech BoostPairCorr
  0.39VEEA Veea Inc Symbol ChangePairCorr
  0.31ELCO Elcom InternationalPairCorr
  0.88GETR Getaround Financial Report 20th of December 2024 PairCorr
  0.85VLD Velo3D IncPairCorr
  0.82EVOL Evolving SystemsPairCorr
  0.75SBIGW SpringBig HoldingsPairCorr
  0.65XELA Exela TechnologiesPairCorr
  0.34GTLL Global TechsPairCorr
  0.85ZPTAW Zapata Computing HoldingsPairCorr
  0.85ZPTA Zapata Computing Holdings Symbol ChangePairCorr

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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MNNYXGETGX
MMEYXGETGX
MNNCXGETGX
MNNYXMMEYX
MNNCXGUHYX
  
High negative correlations   
GUHYXVHAI
GUHYXVVPR
MNNCXVHAI
MNNYXVHAI
GETGXVHAI
MNNCXVVPR

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum 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  0.67 (0.09) 0.00 (0.05) 0.00 
 1.21 
 4.93 
GUHYX  0.13  0.02 (0.51) 0.48  0.00 
 0.37 
 1.10 
GETGX  0.56  0.04 (0.13) 0.56  0.59 
 1.17 
 3.53 
MMEYX  0.99  0.10 (0.01) 0.68  0.99 
 2.44 
 8.89 
MNNCX  0.57  0.03  0.02  0.17  0.63 
 1.51 
 5.06 
MNNYX  0.61  0.09 (0.03) 1.16  0.90 
 1.49 
 5.07