Victory Global Correlations

RSNRX Fund

USD 30.87 0.02 0.06%

The current 90-days correlation between Victory Global Natural and Ab High Income is -0.27 (i.e., Very good diversification). The correlation of Victory Global 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 Global Correlation With Market

Weak diversification

The correlation between Victory Global Natural and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Global Natural 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 Global Natural. 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

0.62

RSMMX

Victory Rs Small

Pair Corr

Moving against Victory Mutual Fund

0.6	IPFIX	Victory Incore	Pair Corr
0.59	UINCX	Income Fund Income	Pair Corr
0.59	UITCX	Usaa Intermediate Term	Pair Corr
0.57	UITBX	Intermediate Term Bond	Pair Corr
0.52	UITIX	Usaa Tax Exempt	Pair Corr
0.49	ULTIX	Usaa Tax Exempt	Pair Corr
0.48	RSDYX	Victory Incore Low	Pair Corr
0.33	GUTEX	Victory Tax Exempt	Pair Corr
0.53	UNYIX	New York Bond	Pair Corr
0.37	RSIGX	Victory Rs International	Pair Corr
0.32	RSTYX	Victory Tax Exempt	Pair Corr

Related Correlations Analysis

	AGDZX	PHDTX	ARCIX	AQRRX	PBHAX	MWHIX
AGDZX		0.96	0.73	0.84	0.95	0.97	AGDZX
PHDTX	0.96		0.72	0.85	0.94	0.96	PHDTX
ARCIX	0.73	0.72		0.79	0.8	0.69	ARCIX
AQRRX	0.84	0.85	0.79		0.83	0.76	AQRRX
PBHAX	0.95	0.94	0.8	0.83		0.93	PBHAX
MWHIX	0.97	0.96	0.69	0.76	0.93		MWHIX
	AGDZX	PHDTX	ARCIX	AQRRX	PBHAX	MWHIX

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Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Global 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 Global's 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
AGDZX	0.14	0.00	0.17	(0.09)	0.09	(0.24)	0.43	(0.28)	1.01
PHDTX	0.12	0.00	0.14	0.08	0.13	(0.15)	0.22	(0.23)	0.79
ARCIX	0.54	0.12	0.19	(1.90)	0.51	(0.60)	1.22	(1.02)	4.94
AQRRX	0.49	0.02	0.09	(0.31)	0.63	(0.53)	1.02	(1.08)	3.50
PBHAX	0.16	0.02	0.20	0.20	0.00	(0.29)	0.41	(0.21)	1.26
MWHIX	0.12	0.00	0.20	(0.04)	0.06	(0.21)	0.54	(0.22)	0.87

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