Value Fund Correlations

UVALX Fund

USD 21.81 0.11 0.50%

The current 90-days correlation between Value Fund Value and Income Fund Income is -0.02 (i.e., Good diversification). The correlation of Value Fund 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.

Value Fund Correlation With Market

Almost no diversification

The correlation between Value Fund Value and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Fund Value 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 Value Fund Value. 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 Value Mutual Fund

0.79	UINQX	Usaa Nasdaq 100	Pair Corr
0.74	SRVEX	Victory Diversified Stock	Pair Corr
0.93	SSGSX	Victory Sycamore Small	Pair Corr
0.87	SSVSX	Victory Special Value	Pair Corr
0.93	SBFCX	Victory Incore Investment	Pair Corr
0.91	SBFMX	Victory Portfolios	Pair Corr
0.92	MMECX	Victory Integrity	Pair Corr
0.92	MMEAX	Victory Integrity	Pair Corr
0.92	RPPRX	Victory Rs Partners	Pair Corr
0.94	MMIJX	Victory Integrity Mid	Pair Corr
0.92	MMMMX	Victory Integrity	Pair Corr
0.84	MMMSX	Victory Integrity	Pair Corr
0.89	MNNAX	Victory Munder Multi	Pair Corr
0.93	RSEGX	Victory Rs Small	Pair Corr
0.92	RSDGX	Victory Rs Select	Pair Corr
0.83	RSGGX	Victory Rs Global	Pair Corr
0.92	RSGFX	Victory Rs Select	Pair Corr
0.84	RSGRX	Victory Rs Growth	Pair Corr
0.77	RSFCX	Victory Floating Rate	Pair Corr
0.75	RSFMX	Victory Floating Rate	Pair Corr
0.75	RSFLX	Victory Floating Rate	Pair Corr
0.87	RSIFX	Victory Rs Science	Pair Corr
0.92	RSINX	Victory Rs Investors	Pair Corr
0.96	RSIYX	Victory Rs Investors	Pair Corr
0.9	RSMMX	Victory Rs Small	Pair Corr
0.91	RSMOX	Victory Rs Mid	Pair Corr
0.95	RSPFX	Victory Rs Partners	Pair Corr
0.74	RSNRX	Victory Global Natural	Pair Corr

Moving against Value Mutual Fund

0.48	UITCX	Usaa Intermediate Term	Pair Corr
0.46	UITBX	Intermediate Term Bond	Pair Corr
0.42	RSENX	Victory Sophus Emerging	Pair Corr
0.72	UNYBX	New York Bond	Pair Corr
0.51	RSIGX	Victory Rs International	Pair Corr
0.51	UPMMX	Precious Metals And Steady Growth	Pair Corr

Related Correlations Analysis

	UINCX	UINQX	SRVEX	UITBX	UITCX	UITIX	GUTEX	SSGSX	SBALX	SSVSX
UINCX		-0.37	-0.49	0.92	0.9	0.65	0.64	-0.3	0.32	-0.43	UINCX
UINQX	-0.37		0.78	-0.58	-0.54	0.13	0.18	0.83	0.44	0.97	UINQX
SRVEX	-0.49	0.78		-0.51	-0.49	0.07	0.16	0.81	0.56	0.78	SRVEX
UITBX	0.92	-0.58	-0.51		0.96	0.55	0.55	-0.48	0.23	-0.65	UITBX
UITCX	0.9	-0.54	-0.49	0.96		0.55	0.53	-0.49	0.24	-0.63	UITCX
UITIX	0.65	0.13	0.07	0.55	0.55		0.97	0.21	0.58	0.09	UITIX
GUTEX	0.64	0.18	0.16	0.55	0.53	0.97		0.31	0.61	0.14	GUTEX
SSGSX	-0.3	0.83	0.81	-0.48	-0.49	0.21	0.31		0.47	0.86	SSGSX
SBALX	0.32	0.44	0.56	0.23	0.24	0.58	0.61	0.47		0.4	SBALX
SSVSX	-0.43	0.97	0.78	-0.65	-0.63	0.09	0.14	0.86	0.4		SSVSX
	UINCX	UINQX	SRVEX	UITBX	UITCX	UITIX	GUTEX	SSGSX	SBALX	SSVSX

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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

SSVSX	+ 0.97	UINQX
GUTEX	+ 0.97	UITIX
UITCX	+ 0.96	UITBX
UITBX	+ 0.92	UINCX
UITCX	+ 0.9	UINCX
SSVSX	+ 0.86	SSGSX

High negative correlations

SSVSX	- 0.65	UITBX
SSVSX	- 0.63	UITCX
UITBX	- 0.58	UINQX
UITCX	- 0.54	UINQX
UITBX	- 0.51	SRVEX
SSGSX	- 0.49	UITCX

Risk-Adjusted Indicators

There is a big difference between Value Mutual Fund performing well and Value Fund 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 Value Fund'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
UINCX	0.21	(0.04)	0.00	2.10	0.00	0.00	0.43	(0.60)	1.22
UINQX	0.68	0.17	0.08	5.38	0.70	(0.73)	1.57	(1.43)	5.14
SRVEX	0.56	0.05	0.04	0.15	0.60	(0.63)	1.18	(0.89)	5.12
UITBX	0.22	(0.05)	0.00	1.68	0.00	0.00	0.43	(0.55)	1.21
UITCX	0.21	(0.05)	0.00	(1.13)	0.00	0.00	0.33	(0.55)	1.20
UITIX	0.13	(0.01)	0.00	0.15	0.00	0.00	0.32	(0.40)	1.19
GUTEX	0.22	(0.01)	0.00	0.17	0.00	0.00	0.58	(0.70)	1.90
SSGSX	0.79	0.04	0.09	0.12	0.57	(1.00)	1.77	(1.21)	7.39
SBALX	0.31	(0.01)	(0.19)	0.05	0.30	(0.39)	0.75	(0.59)	2.07
SSVSX	0.55	0.14	0.08	1.20	0.55	(0.62)	1.20	(0.87)	5.12

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