Victory Strategic Correlations

SBALX Fund

USD 19.31 0.02 0.10%

The current 90-days correlation between Victory Strategic and Virtus Seix Government is 0.03 (i.e., Significant diversification). The correlation of Victory Strategic 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 Strategic Correlation With Market

Weak diversification

The correlation between Victory Strategic Allocation and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Strategic Allocation and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Victory Strategic Allocation. 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 bureau of economic analysis.

Moving together with Victory Mutual Fund

0.84	UINCX	Income Fund Income	Pair Corr
0.86	SRVEX	Victory Diversified Stock	Pair Corr
0.81	UITBX	Intermediate Term Bond	Pair Corr
0.83	UITCX	Usaa Intermediate Term	Pair Corr
0.78	UITIX	Usaa Tax Exempt	Pair Corr
0.88	GUTEX	Victory Tax Exempt	Pair Corr
0.85	SSGSX	Victory Sycamore Small	Pair Corr
0.87	SSVSX	Victory Special Value	Pair Corr
0.93	SBFCX	Victory Incore Investment	Pair Corr
0.87	SBFMX	Victory Portfolios	Pair Corr
0.87	MMECX	Victory Integrity	Pair Corr
0.93	MMEAX	Victory Integrity	Pair Corr
0.92	RPPRX	Victory Rs Partners	Pair Corr
0.91	MMIJX	Victory Integrity Mid	Pair Corr
0.93	MMMMX	Victory Integrity	Pair Corr
0.89	MMMSX	Victory Integrity	Pair Corr
0.89	ULTIX	Usaa Tax Exempt	Pair Corr
0.9	MNNAX	Victory Munder Multi	Pair Corr
0.71	RSEGX	Victory Rs Small	Pair Corr
0.73	RSDGX	Victory Rs Select	Pair Corr
0.77	RSGGX	Victory Rs Global	Pair Corr
0.73	RSGFX	Victory Rs Select	Pair Corr
0.79	RSGRX	Victory Rs Growth	Pair Corr
0.62	RSIFX	Victory Rs Science	Pair Corr
0.89	RSINX	Victory Rs Investors	Pair Corr
0.89	RSIYX	Victory Rs Investors	Pair Corr
0.69	RSMMX	Victory Rs Small	Pair Corr
0.76	RSMOX	Victory Rs Mid	Pair Corr
0.89	RSPFX	Victory Rs Partners	Pair Corr
0.62	RSNRX	Victory Global Natural	Pair Corr

Moving against Victory Mutual Fund

0.32	RSFCX	Victory Floating Rate	Pair Corr
0.31	RSFMX	Victory Floating Rate	Pair Corr

Related Correlations Analysis

	SSAGX	BBINX	FITSX	TWTIX	USGFX	JGIFX	LGRXX
SSAGX		0.16	0.1	0.13	0.29	0.02	0.0	SSAGX
BBINX	0.16		0.83	0.94	0.83	0.85	0.0	BBINX
FITSX	0.1	0.83		0.93	0.98	0.99	0.0	FITSX
TWTIX	0.13	0.94	0.93		0.92	0.94	0.0	TWTIX
USGFX	0.29	0.83	0.98	0.92		0.95	0.0	USGFX
JGIFX	0.02	0.85	0.99	0.94	0.95		0.0	JGIFX
LGRXX	0.0	0.0	0.0	0.0	0.0	0.0		LGRXX
	SSAGX	BBINX	FITSX	TWTIX	USGFX	JGIFX	LGRXX

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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

JGIFX	+ 0.99	FITSX
USGFX	+ 0.98	FITSX
JGIFX	+ 0.95	USGFX
TWTIX	+ 0.94	BBINX
JGIFX	+ 0.94	TWTIX
TWTIX	+ 0.93	FITSX

High negative correlations

LGRXX	- 0.0	JGIFX
LGRXX	- 0.0	USGFX
LGRXX	- 0.0	TWTIX
LGRXX	- 0.0	FITSX
LGRXX	- 0.0	BBINX
LGRXX	- 0.0	SSAGX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Strategic 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 Strategic'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
SSAGX	0.06	0.01	0.07	(1.46)	0.00	(0.18)	0.10	(0.10)	0.51
BBINX	0.13	0.00	(0.01)	(0.14)	0.14	(0.18)	0.29	(0.29)	1.17
FITSX	0.26	0.02	0.05	0.28	0.24	(0.31)	0.57	(0.46)	1.60
TWTIX	0.14	0.01	0.00	0.18	0.16	(0.18)	0.37	(0.37)	1.22
USGFX	0.25	0.02	0.06	0.33	0.20	(0.33)	0.59	(0.42)	1.62
JGIFX	0.24	0.01	0.03	0.25	0.24	(0.28)	0.52	(0.52)	1.43
LGRXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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