Viking Tax Correlations

Mutual Funds . USA . 
Fund . Viking Tax Free Fund
VMTTX Fund  USD 9.00  0.01  0.11%   
The current 90-days correlation between Viking Tax Free and Smead Value Fund is 0.13 (i.e., Average 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 0.1 (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 estimate.

Moving together with Viking Mutual Fund

  1.0VMTIX Viking Tax FreePairCorr
  0.9NEITX Nebraska MunicipalPairCorr
  0.84NEMUX Nebraska MunicipalPairCorr
  0.92OKMIX Oklahoma MunicipalPairCorr
  0.72IHFAX Integrity High IncomePairCorr
  0.74IHFIX Integrity High IncomePairCorr
  0.89KSMUX Kansas MunicipalPairCorr
  0.73HICOX Colorado BondsharesPairCorr
  0.93KYTFX Kentucky Tax FreePairCorr
  0.92UVABX Virginia BondPairCorr
  0.89HULYX Hawaiian Tax FreePairCorr
  0.97HULFX Hawaiian Tax FreePairCorr
  0.97ORTYX Aquila Tax FreePairCorr
  0.96UVAIX Usaa Virginia BondPairCorr
  0.97USVAX Virginia BondPairCorr
  0.98HULAX Hawaiian Tax FreePairCorr
  0.68DBIWX Dws Global MacroPairCorr
  0.65VICSX Vanguard Intermediate-terPairCorr

Moving against Viking Mutual Fund

  0.37ICPUX Williston Basin/mid-northPairCorr
  0.36ICPAX Williston Basin/mid-northPairCorr
  0.36ICWIX Williston Basin/mid-northPairCorr

Related Correlations Analysis

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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   
TACLX
+ 0.95
AMFFX
PAVLX
+ 0.84
AMFFX
VAAGX
+ 0.8
AMFFX
VAAGX
+ 0.75
TACLX
TACLX
+ 0.72
PAVLX
VAAGX
+ 0.71
SMVLX
  
High negative correlations   
GMLVX
- 0.32
SMVLX

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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