Victory Floating Correlations

RSFCX Fund

USD 7.82 0.01 0.13%

The current 90-days correlation between Victory Floating Rate and Victory Diversified Stock is 0.1 (i.e., Average diversification). The correlation of Victory Floating 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 Floating Correlation With Market

Modest diversification

The correlation between Victory Floating Rate and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Floating Rate 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 Floating Rate. 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 world development indicators.

Moving together with Victory Mutual Fund

0.82	IPFIX	Victory Incore	Pair Corr
0.88	RSDYX	Victory Incore Low	Pair Corr
0.61	RSEGX	Victory Rs Small	Pair Corr
0.95	RSFYX	Victory Floating Rate	Pair Corr
0.77	RSGGX	Victory Rs Global	Pair Corr
0.95	RSFLX	Victory Floating Rate	Pair Corr
0.64	RSINX	Victory Rs Investors	Pair Corr
0.64	RSNRX	Victory Global Natural	Pair Corr
0.67	RSNYX	Victory Global Natural	Pair Corr
0.94	RSYYX	Victory High Yield	Pair Corr
0.64	URFRX	Target Retirement 2040	Pair Corr
0.65	URFFX	Target Retirement 2050	Pair Corr
0.7	URINX	Target Retirement Income	Pair Corr
0.66	URTRX	Target Retirement 2030	Pair Corr

Related Correlations Analysis

	SRVEX	SSGSX	SBFCX	MMECX	MMEAX	MNNAX	IPFIX	RSDYX	RSEGX	RSDGX
SRVEX		0.3	0.69	0.39	0.41	0.76	0.38	0.43	0.56	0.61	SRVEX
SSGSX	0.3		0.65	0.22	0.51	0.09	0.06	0.0	0.57	0.03	SSGSX
SBFCX	0.69	0.65		0.27	0.48	0.43	0.42	0.38	0.67	0.34	SBFCX
MMECX	0.39	0.22	0.27		0.88	0.65	-0.12	-0.11	0.06	0.87	MMECX
MMEAX	0.41	0.51	0.48	0.88		0.48	0.18	0.13	0.36	0.75	MMEAX
MNNAX	0.76	0.09	0.43	0.65	0.48		0.05	0.13	0.26	0.77	MNNAX
IPFIX	0.38	0.06	0.42	-0.12	0.18	0.05		0.93	0.57	0.17	IPFIX
RSDYX	0.43	0.0	0.38	-0.11	0.13	0.13	0.93		0.55	0.21	RSDYX
RSEGX	0.56	0.57	0.67	0.06	0.36	0.26	0.57	0.55		0.24	RSEGX
RSDGX	0.61	0.03	0.34	0.87	0.75	0.77	0.17	0.21	0.24		RSDGX
	SRVEX	SSGSX	SBFCX	MMECX	MMEAX	MNNAX	IPFIX	RSDYX	RSEGX	RSDGX

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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

RSDYX	+ 0.93	IPFIX
MMEAX	+ 0.88	MMECX
RSDGX	+ 0.87	MMECX
RSDGX	+ 0.77	MNNAX
MNNAX	+ 0.76	SRVEX
RSDGX	+ 0.75	MMEAX

High negative correlations

IPFIX	- 0.12	MMECX
RSDYX	- 0.11	MMECX
RSDYX	- 0.0	SSGSX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Floating 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 Floating'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
SRVEX	0.79	(0.11)	0.00	(0.24)	0.00	0.00	1.22	(1.62)	13.16
SSGSX	0.82	(0.07)	0.00	(0.12)	0.00	0.00	1.71	(1.44)	8.14
SBFCX	0.34	(0.02)	0.00	(0.19)	0.00	0.00	0.54	(0.76)	2.20
MMECX	1.20	(0.28)	0.00	(0.11)	0.00	0.00	2.36	(2.09)	21.42
MMEAX	1.07	(0.16)	0.00	(0.04)	0.00	0.00	2.33	(2.09)	14.04
MNNAX	0.85	(0.15)	0.00	(0.68)	0.00	0.00	1.18	(1.85)	15.84
IPFIX	0.06	0.00	(0.39)	0.04	0.00	(0.16)	0.15	(0.15)	0.44
RSDYX	0.07	0.00	(0.51)	1.26	0.00	(0.15)	0.20	(0.10)	0.61
RSEGX	1.04	0.05	0.00	0.28	1.37	(1.08)	2.37	(2.09)	6.20
RSDGX	1.08	(0.23)	0.00	(0.09)	0.00	0.00	1.87	(1.85)	15.53

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