Victory Rs Correlations

RSPKX Fund

USD 26.99 0.08 0.30%

The current 90-days correlation between Victory Rs Partners and Sterling Capital Short is -0.08 (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

Significant diversification

The correlation between Victory Rs Partners and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Rs Partners 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 Partners. 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 industry.

Moving together with Victory Mutual Fund

0.62	GUHYX	Victory High Yield	Pair Corr
0.92	GETGX	Victory Sycamore Est	Pair Corr
0.99	MMEYX	Victory Integrity	Pair Corr
0.84	MNNCX	Victory Munder Multi	Pair Corr
0.84	MNNYX	Victory Munder Multi	Pair Corr
0.97	RSCCX	Victory Rs Small	Pair Corr
0.97	RSEJX	Victory Rs Small	Pair Corr
0.94	RSCYX	Victory Rs Small	Pair Corr
0.93	VSOIX	Victory Sycamore Small	Pair Corr
0.93	VSORX	Victory Sycamore Small	Pair Corr
0.83	VSVGX	Victory Special Value	Pair Corr
0.87	VSVCX	Victory Special Value	Pair Corr
0.63	VBFIX	Victory Strategic	Pair Corr
0.96	MRIMX	Victory Integrity Mid	Pair Corr
0.94	MRVSX	Victory Integrity Small	Pair Corr
0.93	MAISX	Victory Integrity	Pair Corr
0.7	MASCX	Victory Munder Small	Pair Corr
0.84	VDSIX	Victory Diversified Stock	Pair Corr
0.83	VDSRX	Victory Diversified Stock	Pair Corr
0.83	VDSYX	Victory Diversified Stock	Pair Corr
0.88	VEVIX	Victory Sycamore Est	Pair Corr
0.88	VEVYX	Victory Sycamore Est	Pair Corr
0.88	VEVRX	Victory Sycamore Est	Pair Corr
0.91	MCIMX	Victory Integrity Mid	Pair Corr
0.68	RGGCX	Victory Rs Global	Pair Corr
0.88	MUXRX	Victory Sp 500	Pair Corr
0.82	RGWCX	Victory Rs Growth	Pair Corr
0.94	MVSSX	Victory Integrity Small	Pair Corr
0.93	GOGFX	Victory Sycamore Small	Pair Corr

Moving against Victory Mutual Fund

0.56	GGIFX	Victory Incore	Pair Corr
0.52	GUBGX	Victory Rs International	Pair Corr
0.51	RSIRX	Victory Rs International	Pair Corr
0.48	MSSIX	Victory Trivalent	Pair Corr
0.32	REMKX	Victory Sophus Emerging	Pair Corr
0.59	MUCCX	Victory Incore Total	Pair Corr
0.52	RIGKX	Victory Rs International	Pair Corr
0.48	MYSIX	Victory Trivalent	Pair Corr

Related Correlations Analysis

	BBSGX	BXDCX	VISTX	QLENX	JSNIX	PRMDX
BBSGX		0.81	0.78	0.01	0.94	0.65	BBSGX
BXDCX	0.81		0.5	0.42	0.71	0.62	BXDCX
VISTX	0.78	0.5		-0.23	0.81	0.45	VISTX
QLENX	0.01	0.42	-0.23		-0.09	0.09	QLENX
JSNIX	0.94	0.71	0.81	-0.09		0.7	JSNIX
PRMDX	0.65	0.62	0.45	0.09	0.7		PRMDX
	BBSGX	BXDCX	VISTX	QLENX	JSNIX	PRMDX

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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

JSNIX	+ 0.94	BBSGX
BXDCX	+ 0.81	BBSGX
JSNIX	+ 0.81	VISTX
VISTX	+ 0.78	BBSGX
JSNIX	+ 0.71	BXDCX
PRMDX	+ 0.7	JSNIX

High negative correlations

QLENX	- 0.23	VISTX
JSNIX	- 0.09	QLENX

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
BBSGX	0.08	0.00	(0.64)	(2.58)	0.00	(0.18)	0.24	(0.12)	0.72
BXDCX	0.09	0.01	(0.69)	3.72	0.00	(0.16)	0.22	(0.11)	0.65
VISTX	0.08	(0.01)	(0.80)	(0.14)	0.04	(0.10)	0.15	(0.15)	0.53
QLENX	0.33	0.09	(0.04)	(1.51)	0.21	(0.40)	0.76	(0.57)	2.17
JSNIX	0.08	0.00	(0.76)	0.28	0.00	(0.17)	0.21	(0.11)	0.64
PRMDX	0.05	0.00	(0.41)	(0.49)	0.01	(0.20)	0.20	(0.19)	0.59

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