Victory Sycamore Correlations

VEVIX Fund

USD 46.77 0.06 0.13%

The current 90-days correlation between Victory Sycamore Est and Victory Sycamore Small is 0.92 (i.e., Almost no diversification). The correlation of Victory Sycamore 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 Sycamore Correlation With Market

Very good diversification

The correlation between Victory Sycamore Established 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 Sycamore Established 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 Sycamore Established. 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 census.

Moving together with Victory Mutual Fund

0.61	JVMIX	John Hancock Disciplined	Pair Corr
0.64	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.65	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.65	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.65	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.64	JMVPX	Jpmorgan Mid Cap	Pair Corr

Moving against Victory Mutual Fund

0.49

MSFT

Microsoft

Pair Corr

Related Correlations Analysis

	VSOIX	PTRQX	JHBIX	HLMIX	JMGRX
VSOIX		0.7	0.7	0.71	0.64	VSOIX
PTRQX	0.7		1.0	0.87	0.5	PTRQX
JHBIX	0.7	1.0		0.87	0.49	JHBIX
HLMIX	0.71	0.87	0.87		0.58	HLMIX
JMGRX	0.64	0.5	0.49	0.58		JMGRX
	VSOIX	PTRQX	JHBIX	HLMIX	JMGRX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Sycamore 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 Sycamore'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
VSOIX	0.78	0.09	0.01	(0.21)	0.78	(0.97)	1.86	(1.36)	5.40
PTRQX	0.20	0.02	(0.15)	0.47	0.04	(0.25)	0.42	(0.33)	1.09
JHBIX	0.20	0.02	(0.17)	0.56	0.00	(0.26)	0.44	(0.29)	1.11
HLMIX	0.51	0.07	0.09	0.15	0.37	(0.60)	1.07	(0.86)	3.10
JMGRX	0.55	(0.04)	(0.07)	0.02	0.61	(0.64)	1.11	(1.24)	3.33

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