VictoryShares Value Correlations

ULVM Etf

USD 80.74 0.59 0.73%

The current 90-days correlation between VictoryShares Value and VictoryShares Small Mid is 0.92 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VictoryShares Value moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VictoryShares Value Momentum moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

VictoryShares Value Correlation With Market

Very poor diversification

The correlation between VictoryShares Value Momentum and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VictoryShares Value Momentum 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 VictoryShares Value Momentum. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with VictoryShares Etf

0.83	VTV	Vanguard Value Index	Pair Corr
0.94	VYM	Vanguard High Dividend	Pair Corr
0.97	IWD	iShares Russell 1000	Pair Corr
0.91	DGRO	iShares Core Dividend Sell-off Trend	Pair Corr
0.96	IVE	iShares SP 500	Pair Corr
0.79	DVY	iShares Select Dividend	Pair Corr
0.96	SPYV	SPDR Portfolio SP	Pair Corr
0.96	IUSV	iShares Core SP	Pair Corr
0.96	JPM	JPMorgan Chase	Pair Corr
0.61	BA	Boeing	Pair Corr
0.76	BAC	Bank of America	Pair Corr
0.8	WMT	Walmart	Pair Corr

Moving against VictoryShares Etf

0.5

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	USVM	UIVM	UEVM	ONEO	UITB
USVM		-0.71	-0.35	0.88	-0.71	USVM
UIVM	-0.71		0.61	-0.5	0.91	UIVM
UEVM	-0.35	0.61		-0.31	0.48	UEVM
ONEO	0.88	-0.5	-0.31		-0.45	ONEO
UITB	-0.71	0.91	0.48	-0.45		UITB
	USVM	UIVM	UEVM	ONEO	UITB

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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

UITB	+ 0.91	UIVM
ONEO	+ 0.88	USVM
UEVM	+ 0.61	UIVM
UITB	+ 0.48	UEVM

High negative correlations

UITB	- 0.71	USVM
UIVM	- 0.71	USVM
ONEO	- 0.5	UIVM
UITB	- 0.45	ONEO
UEVM	- 0.35	USVM
ONEO	- 0.31	UEVM

VictoryShares Value Constituents Risk-Adjusted Indicators

There is a big difference between VictoryShares Etf performing well and VictoryShares Value ETF 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 VictoryShares Value'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
USVM	0.80	(0.07)	0.00	(0.07)	0.00	0.00	1.52	(1.85)	4.09
UIVM	0.59	0.18	0.25	0.34	0.47	(0.66)	1.23	(1.07)	4.66
UEVM	0.56	0.03	0.04	0.07	0.72	(0.58)	1.10	(1.26)	4.24
ONEO	0.74	(0.06)	0.00	0.42	0.00	0.00	1.32	(1.54)	3.35
UITB	0.24	0.02	0.09	4.46	0.17	(0.26)	0.52	(0.36)	1.10

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