Victory Rs Correlations

RSGFX Fund  USD 11.56  0.17  1.49%   
The current 90-days correlation between Victory Rs Select and Templeton Growth Fund is 0.79 (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 Select and DJI is 0.51 (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 Select 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 Select. 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 census.

Moving together with Victory Mutual Fund

  0.76SRVEX Victory Diversified StockPairCorr
  0.73SSGSX Victory Sycamore SmallPairCorr
  0.69SBALX Victory StrategicPairCorr
  0.7SSVSX Victory Special ValuePairCorr
  0.69SBFCX Victory Incore InvestmentPairCorr
  0.7SBFMX Victory PortfoliosPairCorr
  0.68MMECX Victory IntegrityPairCorr
  0.73MMEAX Victory IntegrityPairCorr
  0.74RPPRX Victory Rs PartnersPairCorr
  0.67MMIJX Victory Integrity MidPairCorr
  0.73MMMMX Victory IntegrityPairCorr
  0.73MMMSX Victory IntegrityPairCorr
  0.79MNNAX Victory Munder MultiPairCorr
  0.85RSEGX Victory Rs SmallPairCorr
  1.0RSDGX Victory Rs SelectPairCorr
  0.74RSGGX Victory Rs GlobalPairCorr
  0.81RSGRX Victory Rs GrowthPairCorr
  0.83RSIFX Victory Rs SciencePairCorr
  0.67RSINX Victory Rs InvestorsPairCorr
  0.67RSIYX Victory Rs InvestorsPairCorr
  0.92RSMMX Victory Rs SmallPairCorr
  0.85RSMOX Victory Rs MidPairCorr
  0.73RSPFX Victory Rs PartnersPairCorr
  0.64RSNRX Victory Global NaturalPairCorr

Moving against Victory Mutual Fund

  0.36IPFIX Victory IncorePairCorr

Related Correlations Analysis

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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.