Victory Rs Correlations

RSIGX Fund

USD 15.60 0.05 0.32%

The current 90-days correlation between Victory Rs International and Victory Trivalent International is 0.89 (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

Very weak diversification

The correlation between Victory Rs International and DJI is 0.48 (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 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

0.77	UINCX	Income Fund Income	Pair Corr
0.78	UITBX	Intermediate Term Bond	Pair Corr
0.75	UITCX	Usaa Intermediate Term	Pair Corr
0.77	UITIX	Usaa Tax Exempt	Pair Corr
0.83	IPFIX	Victory Incore	Pair Corr
0.79	RSDYX	Victory Incore Low	Pair Corr
0.87	RSENX	Victory Sophus Emerging	Pair Corr

Moving against Victory Mutual Fund

0.31	RSEGX	Victory Rs Small	Pair Corr
0.31	RSYEX	Victory Rs Small	Pair Corr

Related Correlations Analysis

	MYSIX	RRGAX	JLPSX	ARSIX	GAFYX
MYSIX		0.5	0.24	0.08	0.88	MYSIX
RRGAX	0.5		0.83	0.78	0.29	RRGAX
JLPSX	0.24	0.83		0.9	0.12	JLPSX
ARSIX	0.08	0.78	0.9		0.0	ARSIX
GAFYX	0.88	0.29	0.12	0.0		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	+ 0.9	JLPSX
GAFYX	+ 0.88	MYSIX
JLPSX	+ 0.83	RRGAX
ARSIX	+ 0.78	RRGAX
RRGAX	+ 0.5	MYSIX
GAFYX	+ 0.29	RRGAX

High negative correlations

GAFYX

- 0.0

ARSIX

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	0.58	0.05	0.08	0.09	0.71	(0.64)	1.37	(1.11)	3.60
RRGAX	0.65	(0.02)	0.00	(0.06)	0.00	0.00	1.41	(1.41)	4.55
JLPSX	0.77	(0.13)	0.00	(0.24)	0.00	0.00	1.08	(1.87)	7.23
ARSIX	0.71	(0.15)	0.00	(0.31)	0.00	0.00	1.17	(1.60)	9.14
GAFYX	0.26	0.02	0.09	0.06	0.27	(0.32)	0.54	(0.45)	1.56

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