Victory Capital Correlations

VCTR Stock

USD 63.37 1.37 2.12%

The current 90-days correlation between Victory Capital Holdings and Federated Investors B is 0.54 (i.e., Very weak diversification). The correlation of Victory Capital 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 Capital Correlation With Market

Poor diversification

The correlation between Victory Capital Holdings and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Capital Holdings 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 Capital Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Victory Stock

0.62	DHIL	Diamond Hill Investment	Pair Corr
0.86	DIST	Distoken Acquisition	Pair Corr
0.85	AB	AllianceBernstein	Pair Corr
0.87	AC	Associated Capital	Pair Corr
0.92	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.94	CG	Carlyle Group	Pair Corr
0.87	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.81	MC	Moelis	Pair Corr
0.96	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.93	PX	P10 Inc	Pair Corr
0.98	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.8	TW	Tradeweb Markets	Pair Corr
0.81	WT	WisdomTree	Pair Corr
0.66	DUET	DUET Acquisition Corp	Pair Corr
0.77	VIRT	Virtu Financial Normal Trading	Pair Corr
0.86	DYCQ	DT Cloud Acquisition	Pair Corr
0.89	VRTS	Virtus Investment	Pair Corr
0.73	NOVVU	Nova Vision Acquisition	Pair Corr

Moving against Victory Stock

0.72	RC	Ready Capital Corp	Pair Corr
0.66	XP	Xp Inc Sell-off Trend	Pair Corr
0.54	DMYY	dMY Squared Technology	Pair Corr
0.79	BRKHU	BurTech Acquisition Corp	Pair Corr
0.77	BRACU	Broad Capital Acquisition	Pair Corr
0.48	EMCGU	Embrace Change Acqui	Pair Corr
0.35	EARN	Ellington Residential	Pair Corr

Related Correlations Analysis

	FMN	MYD	DHIL	NXG	FHI	STEP	MVF	MQY	FOCS	WT
FMN		0.81	-0.12	-0.2	-0.44	-0.22	0.87	0.89	0.0	-0.51	FMN
MYD	0.81		0.12	0.2	0.0	0.06	0.85	0.9	0.0	-0.14	MYD
DHIL	-0.12	0.12		0.32	0.4	0.61	0.08	0.03	0.0	0.72	DHIL
NXG	-0.2	0.2	0.32		0.87	0.78	-0.14	0.16	0.0	0.61	NXG
FHI	-0.44	0.0	0.4	0.87		0.75	-0.34	-0.08	0.0	0.72	FHI
STEP	-0.22	0.06	0.61	0.78	0.75		-0.19	0.07	0.0	0.78	STEP
MVF	0.87	0.85	0.08	-0.14	-0.34	-0.19		0.86	0.0	-0.35	MVF
MQY	0.89	0.9	0.03	0.16	-0.08	0.07	0.86		0.0	-0.28	MQY
FOCS	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FOCS
WT	-0.51	-0.14	0.72	0.61	0.72	0.78	-0.35	-0.28	0.0		WT
	FMN	MYD	DHIL	NXG	FHI	STEP	MVF	MQY	FOCS	WT

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

MQY	+ 0.9	MYD
MQY	+ 0.89	FMN
MVF	+ 0.87	FMN
FHI	+ 0.87	NXG
MQY	+ 0.86	MVF
MVF	+ 0.85	MYD

High negative correlations

WT	- 0.51	FMN
FHI	- 0.44	FMN
WT	- 0.35	MVF
MVF	- 0.34	FHI
WT	- 0.28	MQY
STEP	- 0.22	FMN

Risk-Adjusted Indicators

There is a big difference between Victory Stock performing well and Victory Capital Company 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 Capital'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
FMN	0.51	(0.10)	0.00	(0.51)	0.00	0.00	1.06	(1.49)	5.09
MYD	0.48	0.02	(0.20)	0.56	0.51	(0.57)	1.05	(0.95)	2.73
DHIL	1.26	(0.06)	0.02	0.11	1.10	(1.61)	2.30	(1.79)	8.58
NXG	0.78	0.26	0.19	0.66	0.37	(0.88)	2.53	(1.31)	5.14
FHI	0.97	0.25	0.24	0.46	0.52	(1.23)	2.04	(1.34)	4.45
STEP	1.54	0.10	0.12	0.20	1.63	(1.70)	2.85	(2.12)	12.46
MVF	0.43	0.00	(0.20)	0.32	0.61	(0.50)	0.80	(1.06)	2.78
MQY	0.38	0.01	(0.21)	(0.51)	0.59	(0.36)	0.81	(1.06)	2.73
FOCS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WT	1.51	0.00	0.03	0.14	1.75	(1.67)	3.81	(3.10)	9.14

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC