Victory Munder Correlations

Mutual Funds . USA . 
Fund . Victory Munder Multi Cap
MNNYX Fund  USD 74.99  0.41  0.55%   
The current 90-days correlation between Victory Munder Multi and Franklin Gold Precious is 0.14 (i.e., Average diversification). The correlation of Victory Munder 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 Munder Correlation With Market

Poor diversification

The correlation between Victory Munder Multi Cap and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Munder Multi Cap 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 Victory Munder Multi Cap. 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 world development indicators.

Moving together with Victory Mutual Fund

  0.8GUBGX Victory Rs InternationalPairCorr
  0.96GUHYX Victory High YieldPairCorr
  0.81MMEYX Victory IntegrityPairCorr
  0.97MNNCX Victory Munder MultiPairCorr
  0.93GGIFX Victory IncorePairCorr
  0.94RSEJX Victory Rs SmallPairCorr
  0.81RSIRX Victory Rs InternationalPairCorr
  0.82RSHCX Victory High IncomePairCorr
  0.81RSHMX Victory High IncomePairCorr
  0.91RSSRX Victory Rs SelectPairCorr
  0.79VSOIX Victory Sycamore SmallPairCorr
  0.79VSORX Victory Sycamore SmallPairCorr
  0.79VSOYX Victory Sycamore SmallPairCorr
  0.87MRIMX Victory Integrity MidPairCorr
  0.85MRVSX Victory Integrity SmallPairCorr
  0.86MAISX Victory IntegrityPairCorr
  0.97MAIRX Victory TrivalentPairCorr
  0.94MSSIX Victory TrivalentPairCorr
  1.0VDSIX Victory Diversified StockPairCorr
  1.0VDSRX Victory Diversified StockPairCorr
  1.0VDSYX Victory Diversified StockPairCorr
  0.84RETCX Victory Tax ExemptPairCorr
  0.86MCIMX Victory Integrity MidPairCorr
  0.91MUCCX Victory Incore TotalPairCorr
  0.92MUCAX Victory Incore TotalPairCorr
  0.92MUCRX Victory Incore TotalPairCorr
  0.92MUCYX Victory Incore TotalPairCorr
  0.91VFFIX Victory IncorePairCorr
  0.91VFFRX Victory IncorePairCorr
  0.98RGGCX Victory Rs GlobalPairCorr
  0.98RGGKX Victory Rs GlobalPairCorr
  0.99RGGRX Victory Rs GlobalPairCorr
  0.99MUXRX Victory Sp 500PairCorr
  0.95RGWCX Victory Rs GrowthPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Munder 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 Munder'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.

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