Victory Strategic Correlations
| VBFCX Fund | USD 18.52 0.11 0.59% |
The current 90-days correlation between Victory Strategic and Artisan High Income is 0.18 (i.e., Average 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 -0.08 (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.
Victory |
Moving together with Victory Mutual Fund
| 0.72 | GETGX | Victory Sycamore Est | PairCorr |
| 0.64 | MMEYX | Victory Integrity | PairCorr |
| 0.65 | MNNCX | Victory Munder Multi | PairCorr |
| 0.72 | MNNYX | Victory Munder Multi | PairCorr |
| 0.71 | RSPKX | Victory Rs Partners | PairCorr |
| 0.65 | VSPIX | Victory Special Value | PairCorr |
| 0.63 | VSVGX | Victory Special Value | PairCorr |
| 0.64 | VSVCX | Victory Special Value | PairCorr |
| 0.87 | VBFIX | Victory Strategic | PairCorr |
| 0.79 | MRIMX | Victory Integrity Mid | PairCorr |
| 0.67 | MAISX | Victory Integrity | PairCorr |
| 0.98 | MASCX | Victory Munder Small | PairCorr |
| 0.63 | VDSIX | Victory Diversified Stock | PairCorr |
| 0.63 | VDSRX | Victory Diversified Stock | PairCorr |
| 0.63 | VDSYX | Victory Diversified Stock | PairCorr |
| 0.7 | VEVIX | Victory Sycamore Est | PairCorr |
| 0.73 | VEVYX | Victory Sycamore Est | PairCorr |
| 0.73 | VEVRX | Victory Sycamore Est | PairCorr |
| 0.81 | MCIMX | Victory Integrity Mid | PairCorr |
Related Correlations Analysis
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ARTFX | 0.13 | 0.01 | 0.04 | (0.18) | 0.06 | 0.44 | 0.89 | |||
| ANBIX | 0.16 | 0.03 | 0.14 | (0.70) | 0.00 | 0.38 | 0.98 | |||
| BXHCX | 0.13 | 0.00 | 0.02 | (0.07) | 0.11 | 0.37 | 1.00 | |||
| RULFX | 0.05 | 0.01 | 0.00 | (0.47) | 0.00 | 0.10 | 0.60 | |||
| PRVBX | 0.10 | 0.01 | 0.11 | (0.48) | 0.00 | 0.23 | 0.53 | |||
| SGYAX | 0.16 | 0.02 | 0.07 | 0.15 | 0.05 | 0.56 | 1.57 | |||
| DLTNX | 0.22 | 0.03 | 0.11 | 1.06 | 0.08 | 0.57 | 1.40 | |||
| ABNTX | 0.15 | 0.04 | 0.18 | (17.36) | 0.00 | 0.30 | 0.99 |