Victory Strategic Correlations

VBFCX Fund

USD 19.43 0.07 0.36%

The current 90-days correlation between Victory Strategic and Victory Rs International is 0.85 (i.e., Very poor diversification). The correlation of Victory Strategic 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 Strategic Correlation With Market

Poor diversification

The correlation between Victory Strategic Allocation 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 Strategic Allocation 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 Strategic Allocation. 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 main economic indicators.

Moving together with Victory Mutual Fund

0.79	GUHYX	Victory High Yield	Pair Corr
0.83	GETGX	Victory Sycamore Est	Pair Corr
0.79	MNNCX	Victory Munder Multi	Pair Corr
0.74	MNNYX	Victory Munder Multi	Pair Corr
0.69	RSEJX	Victory Rs Small	Pair Corr
0.71	RSPKX	Victory Rs Partners	Pair Corr
0.68	RSSRX	Victory Rs Select	Pair Corr
0.78	VSPIX	Victory Special Value	Pair Corr
0.78	VSVGX	Victory Special Value	Pair Corr
0.78	VSVCX	Victory Special Value	Pair Corr
1.0	VBFIX	Victory Strategic	Pair Corr
0.83	MRIMX	Victory Integrity Mid	Pair Corr
0.7	MAISX	Victory Integrity	Pair Corr
0.76	MAIRX	Victory Trivalent	Pair Corr
0.93	MASCX	Victory Munder Small	Pair Corr
0.61	MSSIX	Victory Trivalent	Pair Corr
0.78	VDSIX	Victory Diversified Stock	Pair Corr
0.74	REMKX	Victory Sophus Emerging	Pair Corr
0.78	VDSRX	Victory Diversified Stock	Pair Corr
0.78	VDSYX	Victory Diversified Stock	Pair Corr
0.91	VEVIX	Victory Sycamore Est	Pair Corr
0.91	VEVYX	Victory Sycamore Est	Pair Corr
0.91	VEVRX	Victory Sycamore Est	Pair Corr
0.83	MCIMX	Victory Integrity Mid	Pair Corr

Related Correlations Analysis

	GUBGX	GUHYX	GETGX	MMEYX	MNNCX	MNNYX	GGIFX	RSCCX	RSEJX	RSCYX
GUBGX		0.06	0.1	-0.23	-0.13	-0.17	0.48	-0.33	-0.17	-0.29	GUBGX
GUHYX	0.06		0.82	0.43	0.74	0.76	0.46	0.49	0.69	0.48	GUHYX
GETGX	0.1	0.82		0.77	0.83	0.9	0.26	0.74	0.89	0.66	GETGX
MMEYX	-0.23	0.43	0.77		0.73	0.79	-0.17	0.95	0.92	0.87	MMEYX
MNNCX	-0.13	0.74	0.83	0.73		0.95	-0.02	0.82	0.9	0.87	MNNCX
MNNYX	-0.17	0.76	0.9	0.79	0.95		-0.05	0.86	0.94	0.82	MNNYX
GGIFX	0.48	0.46	0.26	-0.17	-0.02	-0.05		-0.25	-0.02	-0.24	GGIFX
RSCCX	-0.33	0.49	0.74	0.95	0.82	0.86	-0.25		0.95	0.95	RSCCX
RSEJX	-0.17	0.69	0.89	0.92	0.9	0.94	-0.02	0.95		0.91	RSEJX
RSCYX	-0.29	0.48	0.66	0.87	0.87	0.82	-0.24	0.95	0.91		RSCYX
	GUBGX	GUHYX	GETGX	MMEYX	MNNCX	MNNYX	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

RSCCX	+ 0.95	MMEYX
MNNYX	+ 0.95	MNNCX
RSEJX	+ 0.95	RSCCX
RSCYX	+ 0.95	RSCCX
RSEJX	+ 0.94	MNNYX
RSEJX	+ 0.92	MMEYX

High negative correlations

RSCCX	- 0.33	GUBGX
RSCYX	- 0.29	GUBGX
RSCCX	- 0.25	GGIFX
RSCYX	- 0.24	GGIFX
MMEYX	- 0.23	GUBGX
GGIFX	- 0.17	MMEYX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Strategic 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 Strategic'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	0.74	(0.10)	0.00	(0.02)	0.00	0.00	1.49	(1.73)	4.93
GUHYX	0.14	0.05	(0.38)	(2.66)	0.00	(0.27)	0.37	(0.18)	1.10
GETGX	0.56	0.11	(0.04)	(1.92)	0.50	(0.66)	1.36	(0.99)	3.18
MMEYX	1.07	0.18	0.05	5.48	0.97	(1.29)	2.55	(1.87)	8.89
MNNCX	0.66	0.00	0.01	0.13	0.79	(0.74)	1.53	(1.01)	4.99
MNNYX	0.65	0.17	0.04	(6.97)	0.71	(0.73)	1.53	(1.03)	5.00
GGIFX	0.07	(0.01)	(0.82)	(0.57)	0.07	(0.17)	0.15	(0.15)	0.58
RSCCX	1.11	0.22	0.09	1.09	0.99	(1.36)	2.86	(1.44)	7.11
RSEJX	0.96	0.18	0.06	1.92	0.91	(1.10)	2.48	(1.43)	6.43
RSCYX	1.14	0.05	0.08	0.16	1.09	(1.37)	2.89	(1.51)	7.16

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