Victory Rs Correlations
RINCX Fund | USD 19.36 0.28 1.47% |
The current 90-days correlation between Victory Rs Science and T Rowe Price is 0.72 (i.e., Poor 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 0.56 (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.
Victory |
Moving together with Victory Mutual Fund
0.88 | WEBB | Web Global Holdings | PairCorr |
0.81 | WGNR | Wegener | PairCorr |
0.77 | CETXP | Cemtrex Pref | PairCorr |
0.75 | INST | Instructure Holdings | PairCorr |
Moving against Victory Mutual Fund
0.84 | DLPX | Delphax Technologies | PairCorr |
0.79 | DZSI | DZS Inc | PairCorr |
0.78 | EVOL | Evolving Systems | PairCorr |
0.77 | SBIGW | SpringBig Holdings | PairCorr |
0.73 | XELAP | Exela Technologies | PairCorr |
0.67 | XELA | Exela Technologies | PairCorr |
0.61 | VHAI | VHAI | PairCorr |
0.48 | VEEA | Veea Inc Symbol Change | PairCorr |
0.36 | VVPR | VivoPower International | PairCorr |
0.31 | ELCO | Elcom International | PairCorr |
0.89 | GETR | Getaround Financial Report 20th of December 2024 | PairCorr |
0.87 | ZPTA | Zapata Computing Holdings Symbol Change | PairCorr |
0.86 | VLD | Velo3D Inc | PairCorr |
0.83 | ZPTAW | Zapata Computing Holdings | PairCorr |
0.36 | GTLL | Global Techs | PairCorr |
Related Correlations Analysis
0.62 | 0.93 | 0.9 | 0.91 | 0.96 | PRNHX | ||
0.62 | 0.67 | 0.73 | 0.8 | 0.74 | LMLRX | ||
0.93 | 0.67 | 0.99 | 0.94 | 0.95 | CHASX | ||
0.9 | 0.73 | 0.99 | 0.95 | 0.93 | CGFCX | ||
0.91 | 0.8 | 0.94 | 0.95 | 0.92 | SCGCX | ||
0.96 | 0.74 | 0.95 | 0.93 | 0.92 | PQUAX | ||
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
PRNHX | 0.75 | 0.06 | 0.07 | 0.18 | 0.82 | 1.80 | 6.84 | |||
LMLRX | 0.23 | 0.03 | (0.30) | 0.71 | 0.15 | 0.61 | 1.36 | |||
CHASX | 0.60 | 0.21 | 0.12 | 2.37 | 0.49 | 1.31 | 4.83 | |||
CGFCX | 0.62 | 0.19 | 0.07 | (14.15) | 0.62 | 1.34 | 4.41 | |||
SCGCX | 0.40 | 0.02 | (0.07) | 0.17 | 0.32 | 0.87 | 2.67 | |||
PQUAX | 0.87 | 0.19 | 0.10 | 0.83 | 0.65 | 1.91 | 6.52 |