Viking Tax-free Correlations
| VNDFX Fund | USD 8.70 0.02 0.23% |
The current 90-days correlation between Viking Tax Free and Invesco Real Estate is 0.18 (i.e., Average diversification). The correlation of Viking Tax-free 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-free Correlation With Market
Significant diversification
The correlation between Viking Tax Free Fund and DJI is 0.09 (i.e., Significant 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.
Viking |
Moving together with Viking Mutual Fund
| 0.9 | VMTIX | Viking Tax Free | PairCorr |
| 0.92 | VMTTX | Viking Tax Free | PairCorr |
| 0.99 | NEITX | Nebraska Municipal | PairCorr |
| 0.9 | NEMUX | Nebraska Municipal | PairCorr |
| 0.81 | OKMIX | Oklahoma Municipal | PairCorr |
| 0.89 | KSMUX | Kansas Municipal | PairCorr |
| 0.83 | KYTFX | Kentucky Tax Free | PairCorr |
| 0.9 | UVABX | Virginia Bond | PairCorr |
| 0.77 | HULYX | Hawaiian Tax Free | PairCorr |
| 0.88 | HULFX | Hawaiian Tax Free | PairCorr |
| 0.82 | ORTYX | Aquila Tax Free | PairCorr |
| 0.96 | UVAIX | Usaa Virginia Bond | PairCorr |
| 0.96 | USVAX | Virginia Bond | PairCorr |
| 0.87 | HULAX | Hawaiian Tax Free | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Viking Mutual Fund performing well and Viking Tax-free 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-free'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| REINX | 0.91 | 0.00 | 0.00 | (0.04) | 0.00 | 1.61 | 4.62 | |||
| MRESX | 0.92 | 0.00 | 0.00 | (0.04) | 0.00 | 1.67 | 4.48 | |||
| FIKMX | 0.26 | 0.02 | 0.13 | 0.10 | 0.30 | 0.59 | 1.36 | |||
| FREEX | 1.01 | (0.12) | 0.00 | (0.24) | 0.00 | 1.62 | 7.05 | |||
| RRSCX | 0.76 | (0.01) | 0.00 | (0.05) | 0.00 | 1.56 | 4.16 | |||
| REPIX | 1.40 | 0.02 | 0.00 | (0.02) | 0.00 | 2.69 | 7.54 | |||
| TIREX | 0.84 | 0.01 | 0.04 | (0.13) | 1.11 | 1.76 | 4.81 | |||
| VGSIX | 0.85 | 0.03 | 0.06 | (0.58) | 1.07 | 1.64 | 4.57 |