Victory Global Correlations

RGNCX Fund

USD 43.68 0.71 1.60%

The current 90-days correlation between Victory Global Natural and Goehring Rozencwajg Resources is 0.04 (i.e., Significant diversification). The correlation of Victory Global 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 Global Correlation With Market

Good diversification

The correlation between Victory Global Natural and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Global Natural and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Victory Global Natural. 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 private.

Moving together with Victory Mutual Fund

0.62	IPFIX	Victory Incore	Pair Corr
0.62	RSDYX	Victory Incore Low	Pair Corr
0.62	RSFCX	Victory Floating Rate	Pair Corr
0.62	RSFLX	Victory Floating Rate	Pair Corr
1.0	RSNRX	Victory Global Natural	Pair Corr
1.0	RSNYX	Victory Global Natural	Pair Corr
0.71	RSYYX	Victory High Yield	Pair Corr

Related Correlations Analysis

	GRHAX	AIWEX	VENAX	PEO	ALTEX
GRHAX		0.82	0.31	0.25	0.41	GRHAX
AIWEX	0.82		0.61	0.54	0.3	AIWEX
VENAX	0.31	0.61		0.95	-0.41	VENAX
PEO	0.25	0.54	0.95		-0.51	PEO
ALTEX	0.41	0.3	-0.41	-0.51		ALTEX
	GRHAX	AIWEX	VENAX	PEO	ALTEX

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

PEO	+ 0.95	VENAX
AIWEX	+ 0.82	GRHAX
VENAX	+ 0.61	AIWEX
PEO	+ 0.54	AIWEX
ALTEX	+ 0.41	GRHAX
VENAX	+ 0.31	GRHAX

High negative correlations

ALTEX	- 0.51	PEO
ALTEX	- 0.41	VENAX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Global 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 Global'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
GRHAX	1.32	0.15	0.08	0.21	1.70	(1.38)	2.60	(3.38)	7.76
AIWEX	0.83	0.04	0.02	0.11	1.09	(0.84)	1.51	(1.68)	5.69
VENAX	0.85	0.01	(0.02)	0.10	1.04	(0.86)	1.65	(1.46)	4.81
PEO	0.66	0.01	(0.03)	0.10	0.92	(0.61)	1.32	(1.39)	3.51
ALTEX	2.01	(0.19)	0.00	(0.02)	0.00	0.00	3.84	(4.81)	14.57

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