VictoryShares THB Correlations

MDCP Etf

USD 30.66 0.07 0.23%

The current 90-days correlation between VictoryShares THB Mid and iShares Dividend and is 0.83 (i.e., Very poor diversification). The correlation of VictoryShares THB 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.

VictoryShares THB Correlation With Market

Very poor diversification

The correlation between VictoryShares THB Mid and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VictoryShares THB Mid and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in VictoryShares THB Mid. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with VictoryShares Etf

0.96	VO	Vanguard Mid Cap	Pair Corr
0.91	VXF	Vanguard Extended Market	Pair Corr
0.97	IJH	iShares Core SP	Pair Corr
0.96	IWR	iShares Russell Mid Sell-off Trend	Pair Corr
0.92	MDY	SPDR SP MIDCAP	Pair Corr
0.96	FV	First Trust Dorsey	Pair Corr
0.97	IVOO	Vanguard SP Mid	Pair Corr
0.97	JHMM	John Hancock Multifactor	Pair Corr
0.96	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.96	XMMO	Invesco SP MidCap	Pair Corr
0.96	SLYG	SPDR SP 600	Pair Corr
0.98	KRMA	Global X Conscious	Pair Corr
0.96	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.96	IVV	iShares Core SP	Pair Corr
0.93	SLYV	SPDR SP 600	Pair Corr
0.88	IGV	iShares Expanded Tech	Pair Corr
0.83	IXN	iShares Global Tech	Pair Corr
0.86	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.75	HPQ	HP Inc	Pair Corr
0.81	WMT	Walmart Aggressive Push	Pair Corr
0.9	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.95	AXP	American Express Sell-off Trend	Pair Corr
0.63	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.74	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.86	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.84	HD	Home Depot	Pair Corr
0.86	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Moving against VictoryShares Etf

0.66	TLT	iShares 20 Year	Pair Corr
0.7	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.62	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.57	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	DIVB	MCSE	MDCP	EV	GK	MJ	PP	METV	DMAT
DIVB		-0.65	0.96	0.45	0.94	-0.68	-0.59	0.92	0.68	DIVB
MCSE	-0.65		-0.58	0.03	-0.59	0.82	0.74	-0.65	-0.3	MCSE
MDCP	0.96	-0.58		0.46	0.92	-0.68	-0.51	0.93	0.66	MDCP
EV	0.45	0.03	0.46		0.48	-0.05	-0.36	0.5	0.89	EV
GK	0.94	-0.59	0.92	0.48		-0.61	-0.6	0.94	0.69	GK
MJ	-0.68	0.82	-0.68	-0.05	-0.61		0.52	-0.73	-0.23	MJ
PP	-0.59	0.74	-0.51	-0.36	-0.6	0.52		-0.59	-0.65	PP
METV	0.92	-0.65	0.93	0.5	0.94	-0.73	-0.59		0.69	METV
DMAT	0.68	-0.3	0.66	0.89	0.69	-0.23	-0.65	0.69		DMAT
	DIVB	MCSE	MDCP	EV	GK	MJ	PP	METV	DMAT

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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

MDCP	+ 0.96	DIVB
GK	+ 0.94	DIVB
METV	+ 0.94	GK
METV	+ 0.93	MDCP
METV	+ 0.92	DIVB
GK	+ 0.92	MDCP

High negative correlations

METV	- 0.73	MJ
MJ	- 0.68	MDCP
MJ	- 0.68	DIVB
DMAT	- 0.65	PP
METV	- 0.65	MCSE
MCSE	- 0.65	DIVB

VictoryShares THB Constituents Risk-Adjusted Indicators

There is a big difference between VictoryShares Etf performing well and VictoryShares THB ETF 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 VictoryShares THB'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
DIVB	0.53	(0.01)	(0.05)	0.09	0.38	(0.66)	1.04	(0.81)	3.81
MCSE	0.88	(0.24)	0.00	(0.28)	0.00	0.00	1.44	(2.08)	6.65
MDCP	0.70	(0.02)	(0.03)	0.08	0.75	(0.75)	1.43	(1.13)	3.86
EV	1.36	0.10	0.01	0.58	1.58	(1.42)	3.34	(2.78)	7.99
GK	0.72	0.01	0.00	0.12	1.07	(0.70)	1.23	(1.39)	5.61
MJ	2.00	(0.16)	0.00	0.25	0.00	0.00	3.75	(3.32)	25.64
PP	0.80	(0.05)	0.00	(0.47)	0.00	0.00	1.80	(1.76)	6.99
METV	0.92	0.11	0.09	0.22	0.91	(1.10)	1.87	(1.43)	4.53
DMAT	1.93	0.19	0.06	0.41	2.38	(1.98)	4.00	(3.99)	12.73

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