Victory Incore Correlations

SBFCX Fund

USD 17.78 0.05 0.28%

The current 90-days correlation between Victory Incore Investment and Victory Strategic Allocation is 0.77 (i.e., Poor diversification). The correlation of Victory Incore 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 Incore Correlation With Market

Poor diversification

The correlation between Victory Incore Investment and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Incore Investment 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 Incore Investment. 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 main economic indicators.

Moving together with Victory Mutual Fund

0.86	UINQX	Usaa Nasdaq 100	Pair Corr
0.84	SRVEX	Victory Diversified Stock	Pair Corr
0.79	SSGSX	Victory Sycamore Small	Pair Corr
0.78	SBALX	Victory Strategic	Pair Corr
0.84	SSVSX	Victory Special Value	Pair Corr
1.0	SBFMX	Victory Portfolios	Pair Corr
0.83	MMECX	Victory Integrity	Pair Corr
0.87	MMEAX	Victory Integrity	Pair Corr
0.85	RPPRX	Victory Rs Partners	Pair Corr
0.82	MMIJX	Victory Integrity Mid	Pair Corr
0.87	MMMMX	Victory Integrity	Pair Corr
0.82	MMMSX	Victory Integrity	Pair Corr
0.79	MNNAX	Victory Munder Multi	Pair Corr
0.69	RSEGX	Victory Rs Small	Pair Corr
0.76	RSDGX	Victory Rs Select	Pair Corr
0.87	RSGGX	Victory Rs Global	Pair Corr
0.76	RSGFX	Victory Rs Select	Pair Corr
0.81	RSGRX	Victory Rs Growth	Pair Corr
0.82	RSIFX	Victory Rs Science	Pair Corr
0.82	RSINX	Victory Rs Investors	Pair Corr
0.82	RSIYX	Victory Rs Investors	Pair Corr
0.71	RSMMX	Victory Rs Small	Pair Corr
0.77	RSMOX	Victory Rs Mid	Pair Corr
0.85	RSPFX	Victory Rs Partners	Pair Corr

Moving against Victory Mutual Fund

0.47	IPFIX	Victory Incore	Pair Corr
0.41	RSDYX	Victory Incore Low	Pair Corr
0.33	UITCX	Usaa Intermediate Term	Pair Corr
0.32	UITBX	Intermediate Term Bond	Pair Corr

Related Correlations Analysis

	SBALX	SSVSX	SSGSX	SRVEX	NOIEX
SBALX		0.63	0.55	0.63	0.72	SBALX
SSVSX	0.63		0.96	1.0	0.75	SSVSX
SSGSX	0.55	0.96		0.96	0.7	SSGSX
SRVEX	0.63	1.0	0.96		0.76	SRVEX
NOIEX	0.72	0.75	0.7	0.76		NOIEX
	SBALX	SSVSX	SSGSX	SRVEX	NOIEX

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Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Incore 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 Incore'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SBALX	0.49	(0.06)	(0.12)	0.79	(0.99)	4.47
SSVSX	0.86	(0.09)	(0.08)	1.40	(2.06)	4.55
SSGSX	0.83	(0.15)	(0.16)	1.52	(1.78)	3.89
SRVEX	0.86	(0.09)	(0.08)	1.40	(2.03)	4.64
NOIEX	0.77	(0.05)	0.22	1.47	(1.58)	3.96

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