Victory Munder Correlations

Mutual Funds . USA . 
Fund . Victory Munder Multi Cap
MNNYX Fund  USD 69.88  0.04  0.06%   
The current 90-days correlation between Victory Munder Multi and Delaware Healthcare Fund is 0.44 (i.e., Very weak 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

Very good diversification

The correlation between Victory Munder Multi Cap and DJI is -0.23 (i.e., Very good 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 manufacturing.

Moving together with Victory Mutual Fund

  0.77GUBGX Victory Rs InternationalPairCorr
  0.93GETGX Victory Sycamore EstPairCorr
  0.86MMEYX Victory IntegrityPairCorr
  0.89MNNCX Victory Munder MultiPairCorr
  0.98RSEJX Victory Rs SmallPairCorr
  0.94VSOIX Victory Sycamore SmallPairCorr
  0.83VSOYX Victory Sycamore SmallPairCorr
  0.95MASCX Victory Munder Small Potential GrowthPairCorr
  0.88MSSIX Victory TrivalentPairCorr
  0.9VDSIX Victory Diversified StockPairCorr
  0.9VDSRX Victory Diversified StockPairCorr
  0.93VEVYX Victory Sycamore EstPairCorr
  0.93VEVRX Victory Sycamore EstPairCorr
  0.67VFFIX Victory IncorePairCorr
  0.89RGGRX Victory Rs GlobalPairCorr
  0.93MVSSX Victory Integrity SmallPairCorr
  0.83GOGFX Victory Sycamore SmallPairCorr
  0.89RHYKX Victory High YieldPairCorr
  0.77RIGKX Victory Rs InternationalPairCorr
  0.86MGOYX Victory Munder MidPairCorr
  0.97MYIMX Victory Integrity MidPairCorr
  0.9GRINX Victory Diversified StockPairCorr
  0.88MISIX Victory TrivalentPairCorr
  0.96RMORX Victory Rs MidPairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  0.89VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  0.89VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  0.84CPAYX Columbia Pacific/asiaPairCorr
  0.87CASAX Columbia Pacific/asiaPairCorr
  0.85CCCZX Center St BrookfieldPairCorr

Related Correlations Analysis

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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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