Victory Incore Correlations
VICIX Fund | USD 18.52 0.01 0.05% |
The current 90-days correlation between Victory Incore Investment and Tiaa Cref High Yield is 0.24 (i.e., Modest diversification). The correlation of Victory Incore 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 Incore Correlation With Market
Poor diversification
The correlation between Victory Incore Investment and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Incore Investment and DJI in the same portfolio, assuming nothing else is changed.
Victory |
Moving together with Victory Mutual Fund
0.85 | GUHYX | Victory High Yield | PairCorr |
0.88 | GETGX | Victory Sycamore Est | PairCorr |
0.84 | MMEYX | Victory Integrity | PairCorr |
0.96 | MNNCX | Victory Munder Multi | PairCorr |
0.94 | MNNYX | Victory Munder Multi | PairCorr |
0.88 | RSCCX | Victory Rs Small | PairCorr |
0.92 | RSEJX | Victory Rs Small | PairCorr |
0.9 | RSCYX | Victory Rs Small | PairCorr |
0.9 | RSPKX | Victory Rs Partners | PairCorr |
0.91 | RSSRX | Victory Rs Select | PairCorr |
0.89 | VSOIX | Victory Sycamore Small | PairCorr |
0.96 | VSVGX | Victory Special Value | PairCorr |
0.96 | VSVCX | Victory Special Value | PairCorr |
0.73 | VBFCX | Victory Strategic | PairCorr |
0.94 | MRIMX | Victory Integrity Mid | PairCorr |
0.87 | MRVSX | Victory Integrity Small | PairCorr |
0.95 | MAISX | Victory Integrity | PairCorr |
0.88 | MASCX | Victory Munder Small | PairCorr |
0.96 | VDSIX | Victory Diversified Stock | PairCorr |
0.96 | VDSRX | Victory Diversified Stock | PairCorr |
0.96 | VDSYX | Victory Diversified Stock | PairCorr |
0.91 | VEVIX | Victory Sycamore Est | PairCorr |
0.91 | VEVYX | Victory Sycamore Est | PairCorr |
0.91 | VEVRX | Victory Sycamore Est | PairCorr |
0.94 | MCIMX | Victory Integrity Mid | PairCorr |
0.93 | RGWCX | Victory Rs Growth | PairCorr |
0.86 | GOGFX | Victory Sycamore Small | PairCorr |
0.92 | RINCX | Victory Rs Science Steady Growth | PairCorr |
Moving against Victory Mutual Fund
0.61 | GGIFX | Victory Incore | PairCorr |
0.42 | GUBGX | Victory Rs International | PairCorr |
0.41 | RSIRX | Victory Rs International | PairCorr |
0.73 | MUCCX | Victory Incore Total | PairCorr |
0.7 | MUCAX | Victory Incore Total | PairCorr |
0.7 | MUCRX | Victory Incore Total | PairCorr |
0.43 | RIGKX | Victory Rs International | PairCorr |
0.39 | MSSIX | Victory Trivalent | PairCorr |
Related Correlations Analysis
0.93 | 0.86 | 0.88 | 0.87 | 0.91 | 0.89 | TIHHX | ||
0.93 | 0.8 | 0.82 | 0.9 | 0.87 | 0.91 | CYBAX | ||
0.86 | 0.8 | 0.95 | 0.95 | 0.8 | 0.94 | ARTFX | ||
0.88 | 0.82 | 0.95 | 0.92 | 0.83 | 0.93 | PHDTX | ||
0.87 | 0.9 | 0.95 | 0.92 | 0.83 | 0.98 | LHYOX | ||
0.91 | 0.87 | 0.8 | 0.83 | 0.83 | 0.83 | PAHIX | ||
0.89 | 0.91 | 0.94 | 0.93 | 0.98 | 0.83 | PGHCX | ||
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Risk-Adjusted Indicators
There is a big difference between Victory Mutual Fund performing well and Victory Incore 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 Incore'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
TIHHX | 0.11 | 0.01 | (0.55) | 0.24 | 0.00 | 0.23 | 0.80 | |||
CYBAX | 0.09 | 0.01 | (0.93) | 0.56 | 0.00 | 0.20 | 0.68 | |||
ARTFX | 0.10 | 0.02 | (0.74) | 0.61 | 0.00 | 0.22 | 0.77 | |||
PHDTX | 0.09 | 0.02 | (0.65) | 0.51 | 0.00 | 0.22 | 0.56 | |||
LHYOX | 0.13 | 0.00 | (0.53) | 0.00 | 0.00 | 0.31 | 0.93 | |||
PAHIX | 0.12 | 0.00 | (0.64) | 0.15 | 0.00 | 0.34 | 1.02 | |||
PGHCX | 0.12 | 0.02 | (0.39) | (5.68) | 0.00 | 0.27 | 0.79 |