Victory Diversified Correlations

VDSRX Fund

USD 24.76 0.12 0.49%

The current 90-days correlation between Victory Diversified Stock and Victory Rs International is 0.51 (i.e., Very weak diversification). The correlation of Victory Diversified 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.

Victory Diversified Correlation With Market

Very poor diversification

The correlation between Victory Diversified Stock 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 Victory Diversified Stock 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 Victory Diversified Stock. 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 metropolitan statistical area.

Moving together with Victory Mutual Fund

0.81	GUHYX	Victory High Yield	Pair Corr
0.89	GETGX	Victory Sycamore Est	Pair Corr
0.83	MMEYX	Victory Integrity	Pair Corr
1.0	MNNCX	Victory Munder Multi	Pair Corr
1.0	MNNYX	Victory Munder Multi	Pair Corr
0.87	RSCCX	Victory Rs Small	Pair Corr
0.93	RSEJX	Victory Rs Small	Pair Corr
0.87	RSCYX	Victory Rs Small	Pair Corr
0.86	RSPKX	Victory Rs Partners	Pair Corr
0.91	RSSRX	Victory Rs Select	Pair Corr
1.0	VSPIX	Victory Special Value	Pair Corr
0.85	VSOIX	Victory Sycamore Small	Pair Corr
0.85	VSORX	Victory Sycamore Small	Pair Corr
0.85	VSOYX	Victory Sycamore Small	Pair Corr
1.0	VSVGX	Victory Special Value	Pair Corr
1.0	VSVCX	Victory Special Value	Pair Corr
0.76	VBFIX	Victory Strategic	Pair Corr
0.73	VBFCX	Victory Strategic	Pair Corr
0.95	MRIMX	Victory Integrity Mid	Pair Corr
0.86	MRVSX	Victory Integrity Small	Pair Corr
0.93	MAISX	Victory Integrity	Pair Corr
0.93	MASCX	Victory Munder Small	Pair Corr
1.0	VDSIX	Victory Diversified Stock	Pair Corr
1.0	VDSYX	Victory Diversified Stock	Pair Corr
0.89	VEVIX	Victory Sycamore Est	Pair Corr
0.89	VEVYX	Victory Sycamore Est	Pair Corr
0.89	VEVRX	Victory Sycamore Est	Pair Corr
0.95	MCIMX	Victory Integrity Mid	Pair Corr

Moving against Victory Mutual Fund

0.53	GGIFX	Victory Incore	Pair Corr
0.43	GUBGX	Victory Rs International	Pair Corr
0.42	RSIRX	Victory Rs International	Pair Corr
0.34	MSSIX	Victory Trivalent	Pair Corr
0.78	MUCCX	Victory Incore Total	Pair Corr
0.78	MUCAX	Victory Incore Total	Pair Corr
0.76	MUCRX	Victory Incore Total	Pair Corr
0.76	MUCYX	Victory Incore Total	Pair Corr

Related Correlations Analysis

	GUBGX	GUHYX	GETGX	MMEYX	GGIFX	RSCCX	RSEJX	RSCYX
GUBGX		-0.17	-0.24	-0.57	0.68	-0.61	-0.47	-0.61	GUBGX
GUHYX	-0.17		0.73	0.5	-0.16	0.57	0.69	0.58	GUHYX
GETGX	-0.24	0.73		0.85	-0.35	0.84	0.92	0.84	GETGX
MMEYX	-0.57	0.5	0.85		-0.59	0.97	0.95	0.97	MMEYX
GGIFX	0.68	-0.16	-0.35	-0.59		-0.63	-0.53	-0.63	GGIFX
RSCCX	-0.61	0.57	0.84	0.97	-0.63		0.97	1.0	RSCCX
RSEJX	-0.47	0.69	0.92	0.95	-0.53	0.97		0.97	RSEJX
RSCYX	-0.61	0.58	0.84	0.97	-0.63	1.0	0.97		RSCYX
	GUBGX	GUHYX	GETGX	MMEYX	GGIFX	RSCCX	RSEJX	RSCYX

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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

RSCYX	+ 1.0	RSCCX
RSCCX	+ 0.97	MMEYX
RSCYX	+ 0.97	MMEYX
RSEJX	+ 0.97	RSCCX
RSCYX	+ 0.97	RSEJX
RSEJX	+ 0.95	MMEYX

High negative correlations

RSCYX	- 0.63	GGIFX
RSCCX	- 0.63	GGIFX
RSCYX	- 0.61	GUBGX
RSCCX	- 0.61	GUBGX
GGIFX	- 0.59	MMEYX
MMEYX	- 0.57	GUBGX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Diversified 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 Victory Diversified'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
GUBGX	0.70	(0.13)	0.00	(0.10)	0.00	0.00	1.21	(1.73)	4.93
GUHYX	0.14	0.02	(0.46)	0.46	0.00	(0.29)	0.37	(0.18)	1.10
GETGX	0.57	(0.03)	(0.07)	0.10	0.57	(0.61)	1.17	(1.04)	3.53
MMEYX	0.99	(0.06)	0.02	0.09	0.97	(1.17)	2.44	(1.87)	8.89
GGIFX	0.08	0.00	(0.65)	0.16	0.08	(0.16)	0.15	(0.15)	0.73
RSCCX	1.05	0.07	0.09	0.19	1.08	(1.18)	2.34	(1.76)	5.59
RSEJX	0.92	0.00	0.03	0.13	1.06	(0.99)	2.14	(1.98)	5.94
RSCYX	1.06	0.08	0.09	0.19	1.15	(1.20)	2.29	(1.82)	5.60

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