Victory Rs Correlations

RSGRX Fund

USD 28.30 0.14 0.50%

The current 90-days correlation between Victory Rs Growth and T Rowe Price is -0.11 (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 Growth and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Rs Growth 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 Growth. 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 metropolitan statistical area.

Moving together with Victory Mutual Fund

0.94	FAFGX	American Funds	Pair Corr
0.94	FFAFX	American Funds	Pair Corr
0.95	GFACX	Growth Fund	Pair Corr
0.95	GFAFX	Growth Fund	Pair Corr
0.95	AGTHX	Growth Fund	Pair Corr
0.94	CGFFX	Growth Fund	Pair Corr
0.95	CGFCX	Growth Fund	Pair Corr
0.95	CGFAX	Growth Fund	Pair Corr
0.95	CGFEX	Growth Fund	Pair Corr
0.95	RGAEX	Growth Fund	Pair Corr
0.84	AXP	American Express	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.61	DIS	Walt Disney	Pair Corr
0.7	BA	Boeing	Pair Corr
0.64	JPM	JPMorgan Chase	Pair Corr

Moving against Victory Mutual Fund

0.68	VZ	Verizon Communications	Pair Corr
0.53	KO	Coca Cola	Pair Corr
0.51	MCD	McDonalds	Pair Corr
0.49	NHS	Neuberger Berman High	Pair Corr
0.48	PG	Procter Gamble	Pair Corr
0.34	XOM	Exxon Mobil Corp	Pair Corr

Related Correlations Analysis

	RRMVX	LVAQX	ABYSX	VSFSX	RYCLX	SMVTX	PRSVX
RRMVX		0.86	0.96	0.95	-0.6	0.93	0.95	RRMVX
LVAQX	0.86		0.94	0.95	-0.41	0.93	0.96	LVAQX
ABYSX	0.96	0.94		0.99	-0.59	0.95	0.99	ABYSX
VSFSX	0.95	0.95	0.99		-0.56	0.95	1.0	VSFSX
RYCLX	-0.6	-0.41	-0.59	-0.56		-0.39	-0.55	RYCLX
SMVTX	0.93	0.93	0.95	0.95	-0.39		0.96	SMVTX
PRSVX	0.95	0.96	0.99	1.0	-0.55	0.96		PRSVX
	RRMVX	LVAQX	ABYSX	VSFSX	RYCLX	SMVTX	PRSVX

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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

PRSVX	+ 1.0	VSFSX
VSFSX	+ 0.99	ABYSX
PRSVX	+ 0.99	ABYSX
ABYSX	+ 0.96	RRMVX
PRSVX	+ 0.96	LVAQX
PRSVX	+ 0.96	SMVTX

High negative correlations

RYCLX	- 0.6	RRMVX
RYCLX	- 0.59	ABYSX
RYCLX	- 0.56	VSFSX
PRSVX	- 0.55	RYCLX
RYCLX	- 0.41	LVAQX
SMVTX	- 0.39	RYCLX

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
RRMVX	0.71	(0.04)	(0.12)	1.21	(1.60)	3.46
LVAQX	0.83	(0.14)	(0.24)	1.18	(1.87)	3.80
ABYSX	0.85	(0.10)	(0.17)	1.38	(2.08)	4.03
VSFSX	0.87	(0.10)	(0.17)	1.48	(2.07)	5.18
RYCLX	1.15	(0.12)	(1.52)	2.30	(1.54)	19.50
SMVTX	1.01	(0.15)	(0.22)	1.39	(2.22)	9.55
PRSVX	0.82	(0.10)	(0.17)	1.28	(2.04)	4.44

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