Victory Capital Correlations

VCTR Stock

USD 62.18 0.22 0.35%

The current 90-days correlation between Victory Capital Holdings and Federated Investors B is 0.48 (i.e., Very weak diversification). The correlation of Victory Capital 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 Capital Correlation With Market

Very weak diversification

The correlation between Victory Capital Holdings and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Capital Holdings 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 Capital Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Victory Stock

0.83	ECPG	Encore Capital Group	Pair Corr
0.85	AXP	American Express	Pair Corr
0.74	COF	Capital One Financial	Pair Corr
0.74	DFS	Discover Financial	Pair Corr
0.79	SYF	Synchrony Financial	Pair Corr
0.74	ALLY	Ally Financial Normal Trading	Pair Corr
0.71	APAM	Artisan Partners Asset	Pair Corr
0.73	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.78	UPST	Upstart Holdings	Pair Corr
0.71	C	Citigroup Aggressive Push	Pair Corr
0.77	AX	Axos Financial	Pair Corr
0.89	BN	Brookfield Corp Sell-off Trend	Pair Corr
0.73	BX	Blackstone Group	Pair Corr
0.84	BY	Byline Bancorp	Pair Corr
0.78	CG	Carlyle Group Normal Trading	Pair Corr
0.75	CM	Canadian Imperial Bank	Pair Corr

Moving against Victory Stock

0.71	RENEW	Cartesian Growth	Pair Corr
0.68	CB	Chubb Sell-off Trend	Pair Corr
0.6	HG	Hamilton Insurance Group,	Pair Corr
0.54	DB	Deutsche Bank AG	Pair Corr
0.49	LU	Lufax Holding Buyout Trend	Pair Corr
0.37	EG	Everest Group	Pair Corr
0.35	LX	Lexinfintech Holdings	Pair Corr

Related Correlations Analysis

	FMN	MYD	DHIL	NXG	FHI	STEP	MVF	MQY	FOCS	WT
FMN		0.92	-0.41	0.39	-0.42	0.24	0.87	0.83	0.0	-0.28	FMN
MYD	0.92		-0.51	0.47	-0.46	0.12	0.91	0.9	0.0	-0.45	MYD
DHIL	-0.41	-0.51		-0.46	0.64	0.23	-0.47	-0.42	0.0	0.68	DHIL
NXG	0.39	0.47	-0.46		-0.61	0.19	0.55	0.18	0.0	-0.49	NXG
FHI	-0.42	-0.46	0.64	-0.61		-0.01	-0.45	-0.23	0.0	0.53	FHI
STEP	0.24	0.12	0.23	0.19	-0.01		0.24	0.01	0.0	0.61	STEP
MVF	0.87	0.91	-0.47	0.55	-0.45	0.24		0.79	0.0	-0.38	MVF
MQY	0.83	0.9	-0.42	0.18	-0.23	0.01	0.79		0.0	-0.33	MQY
FOCS	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FOCS
WT	-0.28	-0.45	0.68	-0.49	0.53	0.61	-0.38	-0.33	0.0		WT
	FMN	MYD	DHIL	NXG	FHI	STEP	MVF	MQY	FOCS	WT

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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

MYD	+ 0.92	FMN
MVF	+ 0.91	MYD
MQY	+ 0.9	MYD
MVF	+ 0.87	FMN
MQY	+ 0.83	FMN
MQY	+ 0.79	MVF

High negative correlations

FHI	- 0.61	NXG
DHIL	- 0.51	MYD
WT	- 0.49	NXG
MVF	- 0.47	DHIL
NXG	- 0.46	DHIL
FHI	- 0.46	MYD

Risk-Adjusted Indicators

There is a big difference between Victory Stock performing well and Victory Capital Company 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 Capital'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
FMN	0.44	(0.02)	0.00	(0.17)	0.00	0.00	0.81	(0.91)	3.01
MYD	0.45	(0.02)	0.00	(0.16)	0.00	0.00	0.97	(0.93)	2.63
DHIL	0.87	(0.10)	0.00	(0.13)	0.00	0.00	1.64	(2.13)	5.26
NXG	1.42	0.29	0.11	1.13	2.20	(1.46)	3.26	(2.45)	13.35
FHI	0.94	(0.02)	0.00	(0.02)	0.00	0.00	2.08	(2.41)	6.23
STEP	2.27	(0.10)	0.00	(0.05)	0.00	0.00	3.72	(4.68)	12.24
MVF	0.51	0.01	0.01	0.08	0.63	(0.56)	1.12	(0.99)	3.98
MQY	0.50	(0.04)	0.00	(0.22)	0.00	0.00	1.04	(0.95)	2.85
FOCS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WT	1.32	(0.26)	0.00	(0.26)	0.00	0.00	2.86	(3.49)	6.54

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