Victory Floating Correlations
| RSFLX Fund | USD 7.82 0.01 0.13% |
The current 90-days correlation between Victory Floating Rate and Dreyfusstandish Global Fixed is 0.19 (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 0.21 (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.
Victory |
Moving together with Victory Mutual Fund
| 0.82 | IPFIX | Victory Incore | PairCorr |
| 0.93 | RSDYX | Victory Incore Low | PairCorr |
| 0.9 | RSFYX | Victory Floating Rate | PairCorr |
| 0.76 | RSGGX | Victory Rs Global | PairCorr |
| 0.85 | RSFCX | Victory Floating Rate | PairCorr |
| 0.62 | RSINX | Victory Rs Investors | PairCorr |
| 0.65 | RSNRX | Victory Global Natural | PairCorr |
| 0.65 | RSNYX | Victory Global Natural | PairCorr |
| 0.92 | RSYYX | Victory High Yield | PairCorr |
| 0.62 | URTRX | Target Retirement 2030 | PairCorr |
Related Correlations Analysis
| 0.38 | 0.33 | 0.62 | 0.11 | DHGCX | ||
| 0.38 | 0.64 | 0.68 | 0.74 | TEDIX | ||
| 0.33 | 0.64 | 0.42 | 0.71 | LFLCX | ||
| 0.62 | 0.68 | 0.42 | 0.43 | CAEIX | ||
| 0.11 | 0.74 | 0.71 | 0.43 | GAFAX | ||
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DHGCX | 0.10 | (0.01) | (0.49) | (0.15) | 0.11 | 0.20 | 0.56 | |||
| TEDIX | 0.56 | 0.06 | 0.02 | 0.35 | 0.59 | 1.47 | 4.23 | |||
| LFLCX | 0.13 | 0.00 | (0.31) | (0.01) | 0.11 | 0.21 | 0.64 | |||
| CAEIX | 0.72 | (0.02) | (0.02) | 0.04 | 0.98 | 1.43 | 4.38 | |||
| GAFAX | 0.29 | (0.01) | (0.14) | 0.00 | 0.38 | 0.73 | 1.72 |