Victory Rs Correlations

GUBGX Fund

USD 15.32 0.03 0.20%

The current 90-days correlation between Victory Rs International and Victory Rs Large is 0.51 (i.e., Very weak diversification). The correlation of Victory Rs 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 Rs Correlation With Market

Very weak diversification

The correlation between Victory Rs International and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Rs International and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Victory Rs International. 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 price.

Moving together with Victory Mutual Fund

1.0	RSIRX	Victory Rs International	Pair Corr
0.89	MAIRX	Victory Trivalent	Pair Corr
0.96	MSSIX	Victory Trivalent	Pair Corr
0.66	REMKX	Victory Sophus Emerging	Pair Corr
0.61	MUCCX	Victory Incore Total	Pair Corr
0.61	MUCAX	Victory Incore Total	Pair Corr
0.61	MUCRX	Victory Incore Total	Pair Corr

Moving against Victory Mutual Fund

0.33

RSCCX

Victory Rs Small

Pair Corr

Related Correlations Analysis

	GPAFX	GPSCX	GBEMX	GUHYX	FAHYX
GPAFX		0.87	0.35	0.76	0.89	GPAFX
GPSCX	0.87		0.08	0.48	0.72	GPSCX
GBEMX	0.35	0.08		0.47	0.44	GBEMX
GUHYX	0.76	0.48	0.47		0.92	GUHYX
FAHYX	0.89	0.72	0.44	0.92		FAHYX
	GPAFX	GPSCX	GBEMX	GUHYX	FAHYX

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Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Rs 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 Rs' 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
GPAFX	0.53	(0.01)	(0.05)	0.12	0.42	(0.63)	1.00	(0.92)	3.80
GPSCX	1.13	0.05	0.08	0.16	1.03	(1.37)	2.96	(1.61)	7.17
GBEMX	0.80	(0.10)	0.00	(0.06)	0.00	0.00	1.59	(1.83)	4.93
GUHYX	0.14	0.05	(0.38)	(2.66)	0.00	(0.27)	0.37	(0.18)	1.10
FAHYX	0.20	0.06	(0.25)	(4.46)	0.00	(0.27)	0.52	(0.33)	1.13

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