Viking Tax Correlations

Mutual Funds . USA . 
Fund . Viking Tax Free Fund
VMTIX Fund  USD 9.01  0.02  0.22%   
The current 90-days correlation between Viking Tax Free and Ab Bond Inflation is 0.53 (i.e., Very weak diversification). The correlation of Viking Tax 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.

Viking Tax Correlation With Market

Average diversification

The correlation between Viking Tax Free Fund and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Viking Tax Free Fund 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 Viking Tax Free Fund. 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 gross domestic product.

Moving together with Viking Mutual Fund

  1.0VMTTX Viking Tax FreePairCorr
  0.85NEITX Nebraska MunicipalPairCorr
  0.85NEMUX Nebraska MunicipalPairCorr
  0.99OKMIX Oklahoma MunicipalPairCorr
  0.74IHFAX Integrity High IncomePairCorr
  0.75IHFCX Integrity High IncomePairCorr
  0.74IHFIX Integrity High IncomePairCorr
  0.93KSMUX Kansas MunicipalPairCorr
  0.8HICOX Colorado BondsharesPairCorr
  0.98KYTFX Kentucky Tax FreePairCorr
  0.95UVABX Virginia BondPairCorr
  0.98HULYX Hawaiian Tax FreePairCorr
  0.98HULFX Hawaiian Tax FreePairCorr
  0.96ORTYX Aquila Tax FreePairCorr
  0.96UVAIX Usaa Virginia BondPairCorr
  0.96USVAX Virginia BondPairCorr
  0.98HULAX Hawaiian Tax FreePairCorr
  0.65DBIWX Dws Global MacroPairCorr
  0.72VICSX Vanguard Intermediate-terPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Viking Mutual Fund performing well and Viking Tax 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 Viking Tax'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.

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