Victory High Correlations

Mutual Funds . USA . 
Fund . Victory High Yield
RSYYX Fund  USD 5.46  0.00  0.00%   
The current 90-days correlation between Victory High Yield and Vanguard High Yield Corporate is 0.63 (i.e., Poor diversification). The correlation of Victory High 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 High Correlation With Market

Modest diversification

The correlation between Victory High Yield and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory High Yield 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 High Yield. 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 manufacturing.

Moving together with Victory Mutual Fund

  0.81UINQX Usaa Nasdaq 100PairCorr
  0.8SRVEX Victory Diversified StockPairCorr
  0.81SBALX Victory StrategicPairCorr
  0.8SSVSX Victory Special ValuePairCorr
  0.87SBFCX Victory Incore InvestmentPairCorr
  0.88SBFMX Victory PortfoliosPairCorr
  0.76MMIJX Victory Integrity MidPairCorr
  0.7MMMSX Victory IntegrityPairCorr
  0.81MNNAX Victory Munder MultiPairCorr
  0.69RSEGX Victory Rs SmallPairCorr
  0.67RSDGX Victory Rs SelectPairCorr
  0.9RSFYX Victory Floating RatePairCorr
  0.67RSGFX Victory Rs SelectPairCorr
  0.79RSGRX Victory Rs GrowthPairCorr
  0.92RSFCX Victory Floating RatePairCorr
  0.91RSFMX Victory Floating RatePairCorr
  0.9RSFLX Victory Floating RatePairCorr
  0.74RSIFX Victory Rs SciencePairCorr
  0.62RSIYX Victory Rs InvestorsPairCorr
  0.7RSMOX Victory Rs MidPairCorr
  0.93RSNRX Victory Global NaturalPairCorr
  0.93RSNYX Victory Global NaturalPairCorr

Moving against Victory Mutual Fund

  0.52UITCX Usaa Intermediate TermPairCorr
  0.48UITBX Intermediate Term BondPairCorr
  0.46UINCX Income Fund IncomePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory High 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 High'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VWEAX  0.10  0.01 (0.52) 0.39  0.00 
(0.23)
 0.37 
(0.18)
 0.74 
VWEHX  0.10  0.01 (0.53) 0.33  0.00 
(0.22)
 0.19 
(0.18)
 0.73 
BHYCX  0.11  0.01 (0.56) 0.27  0.00 
(0.20)
 0.28 
(0.28)
 0.85 
BHYIX  0.12  0.01 (0.48) 0.25  0.00 
(0.21)
 0.28 
(0.28)
 0.85 
BHYSX  0.14  0.01 (0.53) 0.24  0.00 
(0.20)
 0.28 
(0.28)
 0.85 
BHYAX  0.13  0.01 (0.52) 0.25  0.00 
(0.21)
 0.28 
(0.28)
 0.85 
FAHHX  0.13  0.01 (0.62) 0.31  0.00 
(0.20)
 0.31 
(0.20)
 0.92 
FTAHX  0.13  0.01 (0.66) 0.32  0.00 
(0.20)
 0.31 
(0.20)
 0.83 
AHTFX  0.13  0.01 (0.62) 0.31  0.00 
(0.20)
 0.31 
(0.20)
 0.93 
AHTCX  0.13  0.01 (0.64) 0.27  0.00 
(0.19)
 0.31 
(0.20)
 0.83 

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