Victory Strategic Correlations

SBALX Fund

USD 18.91 0.03 0.16%

The current 90-days correlation between Victory Strategic and Transamerica Financial Life is -0.02 (i.e., Good 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

Good diversification

The correlation between Victory Strategic Allocation and DJI is -0.05 (i.e., Good 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

0.67	UINQX	Usaa Nasdaq 100	Pair Corr
0.64	SRVEX	Victory Diversified Stock	Pair Corr
0.85	SBFCX	Victory Incore Investment	Pair Corr
0.77	SBFMX	Victory Portfolios	Pair Corr
0.7	MMECX	Victory Integrity	Pair Corr
0.7	MMEAX	Victory Integrity	Pair Corr
0.67	RPPRX	Victory Rs Partners	Pair Corr
0.68	MMMSX	Victory Integrity	Pair Corr
0.66	MNNAX	Victory Munder Multi	Pair Corr
0.72	RSGGX	Victory Rs Global	Pair Corr
0.65	RSIFX	Victory Rs Science Potential Growth	Pair Corr
0.85	RSINX	Victory Rs Investors	Pair Corr
0.62	RSMOX	Victory Rs Mid	Pair Corr
0.7	RSPFX	Victory Rs Partners	Pair Corr
0.69	RSPMX	Victory Rs Partners	Pair Corr
0.71	RSPYX	Victory Rs Partners	Pair Corr
0.74	RSVAX	Victory Rs Value	Pair Corr
0.74	RSVYX	Victory Rs Value	Pair Corr

Related Correlations Analysis

	IAAEX	MCBXX	FNPIX	ICFAX	FIDAX	RMBLX	VFAIX
IAAEX		0.0	0.42	0.32	0.43	0.31	0.35	IAAEX
MCBXX	0.0		0.0	0.0	0.0	0.0	0.0	MCBXX
FNPIX	0.42	0.0		0.67	0.79	0.73	0.92	FNPIX
ICFAX	0.32	0.0	0.67		0.85	0.9	0.78	ICFAX
FIDAX	0.43	0.0	0.79	0.85		0.89	0.91	FIDAX
RMBLX	0.31	0.0	0.73	0.9	0.89		0.85	RMBLX
VFAIX	0.35	0.0	0.92	0.78	0.91	0.85		VFAIX
	IAAEX	MCBXX	FNPIX	ICFAX	FIDAX	RMBLX	VFAIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

VFAIX	+ 0.92	FNPIX
VFAIX	+ 0.91	FIDAX
RMBLX	+ 0.9	ICFAX
RMBLX	+ 0.89	FIDAX
FIDAX	+ 0.85	ICFAX
VFAIX	+ 0.85	RMBLX

High negative correlations

VFAIX	- 0.0	MCBXX
RMBLX	- 0.0	MCBXX
FIDAX	- 0.0	MCBXX
ICFAX	- 0.0	MCBXX
FNPIX	- 0.0	MCBXX
MCBXX	- 0.0	IAAEX

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
IAAEX	0.78	(0.07)	0.00	1.11	0.00	0.00	1.41	(1.19)	9.17
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FNPIX	1.19	0.10	0.07	2.88	1.67	(1.24)	2.66	(2.77)	9.08
ICFAX	0.78	(0.02)	0.00	(0.04)	0.00	0.00	1.32	(2.07)	3.93
FIDAX	0.94	(0.07)	0.00	(0.08)	0.00	0.00	2.02	(2.86)	6.87
RMBLX	1.04	(0.03)	0.00	(0.05)	0.00	0.00	2.20	(2.08)	6.78
VFAIX	0.80	0.08	0.06	0.04	1.08	(0.86)	1.99	(1.79)	6.10

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC