Victory Floating Correlations

RSFYX Fund

USD 8.00 0.01 0.13%

The current 90-days correlation between Victory Floating Rate and Tiaa Cref Inflation Link is 0.17 (i.e., Average diversification). The correlation of Victory Floating 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 Floating Correlation With Market

Modest diversification

The correlation between Victory Floating Rate and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Floating Rate 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 Floating Rate. 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

0.64	UITCX	Usaa Intermediate Term	Pair Corr
0.71	RSFCX	Victory Floating Rate	Pair Corr
0.99	RSFMX	Victory Floating Rate	Pair Corr

Moving against Victory Mutual Fund

0.36	SSGSX	Victory Sycamore Small	Pair Corr
0.31	MMECX	Victory Integrity	Pair Corr
0.31	MMEAX	Victory Integrity	Pair Corr
0.45	RSEGX	Victory Rs Small	Pair Corr
0.39	RSMMX	Victory Rs Small	Pair Corr
0.36	RSGRX	Victory Rs Growth	Pair Corr
0.33	RSNRX	Victory Global Natural	Pair Corr
0.32	RSDGX	Victory Rs Select	Pair Corr

Related Correlations Analysis

	TIIHX	SLFYX	PFRMX	ABNTX	DIPSX	ABNZX
TIIHX		0.88	0.96	0.91	0.91	1.0	TIIHX
SLFYX	0.88		0.9	0.95	0.93	0.89	SLFYX
PFRMX	0.96	0.9		0.88	0.88	0.97	PFRMX
ABNTX	0.91	0.95	0.88		0.99	0.92	ABNTX
DIPSX	0.91	0.93	0.88	0.99		0.92	DIPSX
ABNZX	1.0	0.89	0.97	0.92	0.92		ABNZX
	TIIHX	SLFYX	PFRMX	ABNTX	DIPSX	ABNZX

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Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Floating 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 Floating's 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TIIHX	0.15	0.04	0.33	1.28	(0.19)	0.37	(0.28)	1.04
SLFYX	0.18	0.08	0.62	(3.67)	(0.28)	0.50	(0.25)	1.02
PFRMX	0.20	0.07	0.51	2.34	(0.31)	0.48	(0.24)	1.34
ABNTX	0.14	0.04	0.39	2.92	(0.21)	0.30	(0.20)	0.99
DIPSX	0.20	0.05	0.32	1.62	(0.27)	0.46	(0.28)	1.19
ABNZX	0.14	0.04	0.39	1.59	(0.20)	0.30	(0.29)	0.88

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