VictoryShares Value Correlations

ULVM Etf

USD 84.75 1.12 1.30%

The current 90-days correlation between VictoryShares Value and Vanguard Value Index is 0.97 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VictoryShares Value moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VictoryShares Value Momentum moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

VictoryShares Value Correlation With Market

Almost no diversification

The correlation between VictoryShares Value Momentum and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VictoryShares Value Momentum and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with VictoryShares Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VictoryShares Value Momentum. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with VictoryShares Etf

0.99	VTV	Vanguard Value Index	Pair Corr
0.99	VYM	Vanguard High Dividend	Pair Corr
1.0	IWD	iShares Russell 1000	Pair Corr
0.99	DGRO	iShares Core Dividend	Pair Corr
0.99	IVE	iShares SP 500	Pair Corr
0.96	DVY	iShares Select Dividend	Pair Corr
0.99	SPYV	SPDR Portfolio SP Sell-off Trend	Pair Corr
0.95	FVD	First Trust Value	Pair Corr
0.99	IUSV	iShares Core SP	Pair Corr
0.95	NOBL	ProShares SP 500	Pair Corr
1.0	VTI	Vanguard Total Stock	Pair Corr
0.99	SPY	SPDR SP 500	Pair Corr
0.99	IVV	iShares Core SP	Pair Corr
0.63	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.99	VUG	Vanguard Growth Index	Pair Corr
1.0	VO	Vanguard Mid Cap	Pair Corr
0.96	VEA	Vanguard FTSE Developed	Pair Corr
1.0	VB	Vanguard Small Cap	Pair Corr
0.95	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.63	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.99	AXP	American Express Earnings Call This Week	Pair Corr
0.93	IBM	International Business	Pair Corr
0.89	AA	Alcoa Corp Earnings Call Tomorrow	Pair Corr
0.95	BA	Boeing Aggressive Push	Pair Corr
0.77	INTC	Intel Aggressive Push	Pair Corr
0.94	CSCO	Cisco Systems	Pair Corr
0.96	DIS	Walt Disney	Pair Corr
0.97	MSFT	Microsoft Sell-off Trend	Pair Corr
0.63	WMT	Walmart	Pair Corr
0.87	PFE	Pfizer Inc	Pair Corr
0.69	HD	Home Depot	Pair Corr
0.9	MMM	3M Company Earnings Call This Week	Pair Corr
0.93	DD	Dupont De Nemours	Pair Corr

Moving against VictoryShares Etf

0.51

MCD

McDonalds

Pair Corr

Related Correlations Analysis

	VTV	VYM	IWD	DGRO	IVE	DVY	SPYV	FVD	IUSV	NOBL
VTV		1.0	1.0	1.0	1.0	0.97	1.0	0.95	1.0	0.96	VTV
VYM	1.0		0.99	1.0	1.0	0.97	1.0	0.95	1.0	0.95	VYM
IWD	1.0	0.99		1.0	1.0	0.98	1.0	0.97	1.0	0.96	IWD
DGRO	1.0	1.0	1.0		1.0	0.97	1.0	0.96	1.0	0.96	DGRO
IVE	1.0	1.0	1.0	1.0		0.98	1.0	0.96	1.0	0.96	IVE
DVY	0.97	0.97	0.98	0.97	0.98		0.98	0.97	0.98	0.98	DVY
SPYV	1.0	1.0	1.0	1.0	1.0	0.98		0.96	1.0	0.96	SPYV
FVD	0.95	0.95	0.97	0.96	0.96	0.97	0.96		0.96	0.98	FVD
IUSV	1.0	1.0	1.0	1.0	1.0	0.98	1.0	0.96		0.96	IUSV
NOBL	0.96	0.95	0.96	0.96	0.96	0.98	0.96	0.98	0.96		NOBL
	VTV	VYM	IWD	DGRO	IVE	DVY	SPYV	FVD	IUSV	NOBL

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VictoryShares Value Constituents Risk-Adjusted Indicators

There is a big difference between VictoryShares Etf performing well and VictoryShares Value 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 Value'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
VTV	0.74	0.03	(0.02)	0.28	0.57	(0.82)	1.53	(1.15)	9.26
VYM	0.73	0.04	0.00	0.30	0.60	(0.82)	1.56	(1.21)	9.73
IWD	0.74	0.03	0.00	0.29	0.62	(0.85)	1.64	(1.11)	10.09
DGRO	0.73	0.04	0.00	0.30	0.60	(0.84)	1.74	(1.44)	9.34
IVE	0.76	0.02	0.00	0.27	0.67	(0.84)	1.79	(1.41)	10.53
DVY	0.80	0.02	(0.03)	0.28	0.77	(0.92)	1.72	(1.33)	9.07
SPYV	0.75	0.02	0.00	0.28	0.64	(0.85)	1.67	(1.50)	10.34
FVD	0.68	0.01	(0.11)	0.26	0.53	(0.76)	1.46	(1.10)	6.50
IUSV	0.76	0.02	0.00	0.28	0.64	(0.85)	1.73	(1.61)	10.46
NOBL	0.83	(0.01)	(0.06)	0.24	0.69	(0.98)	1.75	(1.28)	8.06

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