Victory Diversified Correlations

SRVEX Fund

USD 21.04 0.32 1.50%

The current 90-days correlation between Victory Diversified Stock and Dreyfusstandish Global Fixed is -0.01 (i.e., Good diversification). The correlation of Victory Diversified 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 Diversified Correlation With Market

Good diversification

The correlation between Victory Diversified Stock and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Diversified Stock 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 Diversified Stock. 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 income.

Moving together with Victory Mutual Fund

0.94	MNNAX	Victory Munder Multi	Pair Corr
0.94	VDSCX	Victory Diversified Stock	Pair Corr
0.88	USCAX	Small Cap Stock	Pair Corr
0.88	USNQX	Nasdaq 100 Index	Pair Corr
0.9	USMIX	Extended Market Index	Pair Corr
0.9	USTCX	Science Technology	Pair Corr
0.8	RIVCX	Victory Rs Investors	Pair Corr
0.91	VTSAX	Vanguard Total Stock	Pair Corr
0.9	VFIAX	Vanguard 500 Index	Pair Corr
0.91	VTSMX	Vanguard Total Stock	Pair Corr
0.86	VITSX	Vanguard Total Stock	Pair Corr
0.86	VSMPX	Vanguard Total Stock	Pair Corr
0.86	VSTSX	Vanguard Total Stock	Pair Corr
0.9	VFINX	Vanguard 500 Index	Pair Corr
0.85	VFFSX	Vanguard 500 Index	Pair Corr
0.84	VINIX	Vanguard Institutional	Pair Corr
0.84	RYVLX	Nasdaq 100 2x	Pair Corr
0.84	RYVYX	Nasdaq 100 2x	Pair Corr
0.97	UOPIX	Ultra Nasdaq 100	Pair Corr

Moving against Victory Mutual Fund

0.74	IPFIX	Victory Incore	Pair Corr
0.63	CBHAX	Victory Cemp Market	Pair Corr
0.53	URITX	International Fund	Pair Corr
0.52	UTESX	Tax Exempt Short	Pair Corr
0.34	REMGX	Victory Sophus Emerging	Pair Corr
0.63	USGDX	Morgan Stanley Government	Pair Corr
0.58	HRBDX	Harbor Bond Fund	Pair Corr
0.53	ABNOX	Ab Bond Inflation	Pair Corr
0.53	VICSX	Vanguard Intermediate-ter	Pair Corr
0.5	GIOIX	Guggenheim Macro Opp	Pair Corr
0.38	UTF	Cohen And Steers	Pair Corr

Related Correlations Analysis

	DHGCX	MGKAX	GMADX	MFIRX	DODWX	LFLCX	MSTGX	QGMIX
DHGCX		0.56	0.6	0.91	0.76	0.88	0.84	0.66	DHGCX
MGKAX	0.56		0.74	0.62	0.79	0.67	0.71	0.35	MGKAX
GMADX	0.6	0.74		0.65	0.79	0.7	0.74	0.48	GMADX
MFIRX	0.91	0.62	0.65		0.89	0.98	0.96	0.87	MFIRX
DODWX	0.76	0.79	0.79	0.89		0.94	0.97	0.77	DODWX
LFLCX	0.88	0.67	0.7	0.98	0.94		0.98	0.85	LFLCX
MSTGX	0.84	0.71	0.74	0.96	0.97	0.98		0.87	MSTGX
QGMIX	0.66	0.35	0.48	0.87	0.77	0.85	0.87		QGMIX
	DHGCX	MGKAX	GMADX	MFIRX	DODWX	LFLCX	MSTGX	QGMIX

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 Diversified 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 Diversified'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
DHGCX	0.18	0.00	0.02	(0.24)	0.20	(0.21)	0.36	(0.31)	1.46
MGKAX	0.81	0.10	0.10	(1.71)	0.91	(0.91)	1.62	(1.63)	4.75
GMADX	0.72	0.07	0.05	0.09	1.22	(0.76)	1.26	(1.19)	11.02
MFIRX	0.11	0.03	0.09	(1.12)	0.00	(0.21)	0.19	(0.19)	0.77
DODWX	0.61	0.12	0.15	(1.14)	0.65	(0.64)	1.28	(1.09)	4.15
LFLCX	0.16	0.03	0.16	(1.57)	0.00	(0.21)	0.43	(0.22)	0.98
MSTGX	0.28	0.07	0.18	(1.14)	0.20	(0.33)	0.74	(0.42)	1.58
QGMIX	0.38	0.14	0.29	4.35	0.16	(0.46)	0.83	(0.63)	2.42

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