Victory Rs Correlations

RSIGX Fund

USD 16.01 0.08 0.50%

The current 90-days correlation between Victory Rs International and Victory Trivalent International is 0.85 (i.e., Very 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

Poor diversification

The correlation between Victory Rs International and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Rs International 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 International. 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 price.

Moving together with Victory Mutual Fund

0.89	UITBX	Intermediate Term Bond	Pair Corr
0.72	UITIX	Usaa Tax Exempt	Pair Corr
0.66	IPFIX	Victory Incore	Pair Corr
0.92	RSENX	Victory Sophus Emerging	Pair Corr
0.93	UPMMX	Precious Metals And	Pair Corr
0.91	REMGX	Victory Sophus Emerging	Pair Corr
1.0	URITX	International Fund	Pair Corr
0.87	URINX	Target Retirement Income	Pair Corr
0.62	URTRX	Target Retirement 2030	Pair Corr
0.91	USAIX	Income Fund Income	Pair Corr

Moving against Victory Mutual Fund

0.78	RSEGX	Victory Rs Small	Pair Corr
0.73	RSMMX	Victory Rs Small	Pair Corr
0.67	VSCVX	Victory Integrity Small	Pair Corr
0.67	VSVIX	Victory Integrity Small	Pair Corr
0.65	RSGFX	Victory Rs Select	Pair Corr
0.64	RSDGX	Victory Rs Select	Pair Corr
0.63	RSGRX	Victory Rs Growth	Pair Corr
0.55	RSNRX	Victory Global Natural	Pair Corr
0.54	RSNYX	Victory Global Natural	Pair Corr
0.53	MNNAX	Victory Munder Multi	Pair Corr
0.5	MMMSX	Victory Integrity	Pair Corr
0.47	RSIFX	Victory Rs Science	Pair Corr
0.44	RSPFX	Victory Rs Partners	Pair Corr
0.43	RSPYX	Victory Rs Partners	Pair Corr
0.42	MMEAX	Victory Integrity	Pair Corr
0.39	MMECX	Victory Integrity	Pair Corr
0.32	RSVAX	Victory Rs Value	Pair Corr
0.32	RSVYX	Victory Rs Value	Pair Corr
0.78	REGWX	Victory Rs Small	Pair Corr
0.54	USCAX	Small Cap Stock	Pair Corr
0.51	USAUX	Aggressive Growth	Pair Corr
0.49	USTCX	Science Technology	Pair Corr
0.48	USNQX	Nasdaq 100 Index	Pair Corr
0.48	USMIX	Extended Market Index	Pair Corr
0.46	VDSCX	Victory Diversified Stock	Pair Corr
0.37	VEVCX	Victory Sycamore Est	Pair Corr
0.35	RVACX	Victory Rs Value	Pair Corr

Related Correlations Analysis

	MYSIX	RRGAX	JLPSX	ARSIX	GAFYX
MYSIX		0.52	-0.34	-0.4	0.17	MYSIX
RRGAX	0.52		0.15	0.02	0.44	RRGAX
JLPSX	-0.34	0.15		0.88	0.79	JLPSX
ARSIX	-0.4	0.02	0.88		0.72	ARSIX
GAFYX	0.17	0.44	0.79	0.72		GAFYX
	MYSIX	RRGAX	JLPSX	ARSIX	GAFYX

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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

ARSIX	+ 0.88	JLPSX
GAFYX	+ 0.79	JLPSX
GAFYX	+ 0.72	ARSIX
RRGAX	+ 0.52	MYSIX
GAFYX	+ 0.44	RRGAX
GAFYX	+ 0.17	MYSIX

High negative correlations

ARSIX	- 0.4	MYSIX
JLPSX	- 0.34	MYSIX

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
MYSIX	0.65	0.09	0.10	0.15	0.79	(0.72)	1.50	(1.11)	5.42
RRGAX	0.70	0.01	0.00	(0.03)	0.91	(0.75)	1.57	(1.57)	4.32
JLPSX	0.86	(0.08)	0.00	(0.08)	0.00	0.00	1.76	(2.00)	4.44
ARSIX	0.70	(0.07)	0.00	0.62	0.00	0.00	1.47	(1.52)	3.37
GAFYX	0.32	0.00	(0.01)	(0.01)	0.37	(0.36)	0.54	(0.63)	1.66

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