Victory Integrity Correlations

Mutual Funds . USA . 
Fund . Victory Integrity Smallmid Cap
MMMSX Fund  USD 24.45  0.27  1.12%   
The current 90-days correlation between Victory Integrity and Summit Global Investments is 0.2 (i.e., Modest diversification). The correlation of Victory Integrity 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 Integrity Correlation With Market

Almost no diversification

The correlation between Victory Integrity Smallmid Cap and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Integrity Smallmid 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 Integrity Smallmid 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 producer price index.

Moving together with Victory Mutual Fund

  0.73UINCX Income Fund IncomePairCorr
  0.73UITBX Intermediate Term BondPairCorr
  0.69UITCX Usaa Intermediate TermPairCorr
  0.83UITIX Usaa Tax ExemptPairCorr
  0.87SBFMX Victory PortfoliosPairCorr
  0.99RPPRX Victory Rs PartnersPairCorr
  0.98MMIJX Victory Integrity MidPairCorr
  0.99MMMMX Victory IntegrityPairCorr
  0.68ULTIX Usaa Tax ExemptPairCorr
  0.9RSGFX Victory Rs SelectPairCorr
  0.77RSFMX Victory Floating RatePairCorr
  0.99RSPMX Victory Rs PartnersPairCorr
  0.89UPMMX Precious Metals And Steady GrowthPairCorr
  0.97MAICX Victory TrivalentPairCorr
  0.71REGWX Victory Rs SmallPairCorr
  0.97URITX International FundPairCorr
  0.96URSIX Target Retirement 2060PairCorr
  0.95USBAX Usaa Ultra ShortPairCorr
  0.93UASBX Short Term BondPairCorr
  0.97MCISX Victory TrivalentPairCorr
  0.83VFFCX Victory IncorePairCorr
  0.87VFFMX Victory IncorePairCorr
  0.7USTCX Science TechnologyPairCorr
  0.88USTIX Usaa Tax ExemptPairCorr
  0.86VFFYX Victory IncorePairCorr
  0.94USWGX World GrowthPairCorr
  0.64UTELX Tax Exempt LongPairCorr
  0.82UTEIX Tax Exempt IntermediatePairCorr
  0.92MUXYX Victory Sp 500PairCorr
  0.88UTESX Tax Exempt ShortPairCorr
  0.88RHYCX Victory High YieldPairCorr
  0.71UVAIX Usaa Virginia BondPairCorr
  0.68UVABX Virginia BondPairCorr
  0.99RIVCX Victory Rs InvestorsPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Integrity 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 Integrity'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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