Victory Rs Correlations

RSGFX Fund

USD 10.73 0.07 0.65%

The current 90-days correlation between Victory Rs Select and Prudential Short Duration is -0.18 (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

Good diversification

The correlation between Victory Rs Select and DJI is -0.1 (i.e., Good 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

0.98	PAMCX	T Rowe Price	Pair Corr
0.78	RRMGX	T Rowe Price	Pair Corr
0.98	TRQZX	T Rowe Price	Pair Corr
0.78	RPMGX	T Rowe Price	Pair Corr
0.98	PRJIX	T Rowe Price	Pair Corr
0.77	PRNHX	T Rowe Price	Pair Corr
0.98	TRUZX	T Rowe Price	Pair Corr
0.76	PCBIX	Midcap Fund Institutional	Pair Corr
0.76	PEMGX	Midcap Fund Class	Pair Corr
0.77	PMBCX	Midcap Fund Class	Pair Corr
0.89	CISGX	Touchstone Sands Capital	Pair Corr
0.66	JPM	JPMorgan Chase	Pair Corr
0.71	HD	Home Depot	Pair Corr
0.86	AXP	American Express	Pair Corr
0.67	BA	Boeing	Pair Corr
0.64	HPQ	HP Inc	Pair Corr

Moving against Victory Mutual Fund

0.68	UGPIX	Ultrachina Profund	Pair Corr
0.68	UGPSX	Ultrachina Profund	Pair Corr
0.53	PMPIX	Precious Metals Ultr	Pair Corr
0.71	VZ	Verizon Communications	Pair Corr
0.65	TRV	The Travelers Companies	Pair Corr
0.57	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	HYSZX	TRKZX	MWHYX	MZHIX	TFHAX	CWFIX
HYSZX		0.96	0.98	0.96	0.94	0.97	HYSZX
TRKZX	0.96		0.96	0.97	0.9	0.91	TRKZX
MWHYX	0.98	0.96		0.96	0.96	0.95	MWHYX
MZHIX	0.96	0.97	0.96		0.89	0.96	MZHIX
TFHAX	0.94	0.9	0.96	0.89		0.89	TFHAX
CWFIX	0.97	0.91	0.95	0.96	0.89		CWFIX
	HYSZX	TRKZX	MWHYX	MZHIX	TFHAX	CWFIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
HYSZX	0.13	0.02	0.38	0.12	0.00	(0.22)	0.48	(0.24)	1.08
TRKZX	0.17	0.01	0.27	0.03	0.14	(0.24)	0.51	(0.34)	1.20
MWHYX	0.12	0.00	0.40	(0.02)	0.08	(0.18)	0.43	(0.22)	0.76
MZHIX	0.13	0.01	0.32	0.07	0.09	(0.17)	0.25	(0.25)	0.89
TFHAX	0.11	0.00	0.26	(0.23)	0.14	(0.15)	0.21	(0.21)	0.82
CWFIX	0.08	0.01	0.59	0.19	0.00	(0.12)	0.11	(0.11)	0.53

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC