Viking Tax-free Correlations

VNDIX Fund

USD 8.72 0.02 0.23%

The current 90-days correlation between Viking Tax Free and Ms Global Fixed is 0.56 (i.e., Very weak 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

Average diversification

The correlation between Viking Tax Free Fund and DJI is 0.16 (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

0.92	VMTIX	Viking Tax Free	Pair Corr
0.93	VMTTX	Viking Tax Free	Pair Corr
0.98	NEITX	Nebraska Municipal	Pair Corr
0.98	NEMUX	Nebraska Municipal	Pair Corr
0.93	OKMIX	Oklahoma Municipal	Pair Corr
1.0	KSMUX	Kansas Municipal	Pair Corr
0.93	KYTFX	Kentucky Tax Free	Pair Corr
0.98	UVABX	Virginia Bond	Pair Corr
0.88	HULYX	Hawaiian Tax Free	Pair Corr
0.89	HULFX	Hawaiian Tax Free	Pair Corr
0.8	ORTYX	Aquila Tax Free	Pair Corr
0.97	UVAIX	Usaa Virginia Bond	Pair Corr
0.97	USVAX	Virginia Bond	Pair Corr
0.88	HULAX	Hawaiian Tax Free	Pair Corr

Moving against Viking Mutual Fund

0.32	ICPAX	Williston Basin/mid-north	Pair Corr
0.32	ICPUX	Williston Basin/mid-north	Pair Corr
0.32	ICWIX	Williston Basin/mid-north	Pair Corr

Related Correlations Analysis

	MFIRX	LFLCX	DODWX	WRLDX	GWOAX	MGKAX
MFIRX		0.97	0.59	0.84	0.8	0.53	MFIRX
LFLCX	0.97		0.71	0.9	0.86	0.61	LFLCX
DODWX	0.59	0.71		0.75	0.7	0.71	DODWX
WRLDX	0.84	0.9	0.75		0.94	0.81	WRLDX
GWOAX	0.8	0.86	0.7	0.94		0.76	GWOAX
MGKAX	0.53	0.61	0.71	0.81	0.76		MGKAX
	MFIRX	LFLCX	DODWX	WRLDX	GWOAX	MGKAX

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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
MFIRX	0.11	0.02	0.29	0.92	0.00	(0.21)	0.19	(0.19)	0.77
LFLCX	0.18	0.01	0.31	0.08	0.15	(0.21)	0.43	(0.33)	0.98
DODWX	0.83	(0.07)	0.00	(0.17)	0.00	0.00	1.28	(1.11)	13.09
WRLDX	0.64	0.04	0.00	(0.01)	0.00	0.00	1.24	(1.68)	2.96
GWOAX	0.61	0.07	0.11	0.04	0.80	(0.61)	1.29	(1.14)	3.92
MGKAX	1.04	(0.14)	0.00	(0.24)	0.00	0.00	1.57	(2.37)	14.60

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