Victory High Correlations

RSHCXDelisted Fund

USD 9.23 0.00 0.00%

The current 90-days correlation between Victory High Income and T Rowe Price is 0.08 (i.e., Significant diversification). The correlation of Victory High 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 High Correlation With Market

Good diversification

The correlation between Victory High Income and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory High Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios. 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 against Victory Mutual Fund

0.61	GHYCX	Goldman Sachs High	Pair Corr
0.55	KF	Korea Closed	Pair Corr
0.54	NHMFX	Nuveen High Yield	Pair Corr
0.53	NHMAX	Nuveen High Yield	Pair Corr
0.5	NHMRX	Nuveen High Yield	Pair Corr
0.5	GHYAX	Goldman Sachs High	Pair Corr
0.48	NHCCX	Nuveen High Yield	Pair Corr
0.37	ABHFX	American High Income	Pair Corr
0.37	AHICX	American High Income	Pair Corr
0.32	FONPX	Tributary Nebraska Tax	Pair Corr
0.71	HD	Home Depot	Pair Corr
0.59	PG	Procter Gamble	Pair Corr
0.47	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.43	IRGIX	Vy Clarion Global	Pair Corr
0.33	BA	Boeing	Pair Corr
0.32	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	LMUSX	REVAX	SGICX	EICVX	DGINX	BXDCX	TBLDX
LMUSX		0.73	0.88	0.89	0.91	0.87	0.93	LMUSX
REVAX	0.73		0.89	0.73	0.88	0.89	0.9	REVAX
SGICX	0.88	0.89		0.82	0.89	0.89	0.94	SGICX
EICVX	0.89	0.73	0.82		0.86	0.88	0.87	EICVX
DGINX	0.91	0.88	0.89	0.86		0.92	0.99	DGINX
BXDCX	0.87	0.89	0.89	0.88	0.92		0.94	BXDCX
TBLDX	0.93	0.9	0.94	0.87	0.99	0.94		TBLDX
	LMUSX	REVAX	SGICX	EICVX	DGINX	BXDCX	TBLDX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory High 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 High'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
LMUSX	0.62	0.03	0.02	0.09	0.77	(0.62)	1.14	(1.35)	4.94
REVAX	0.60	0.19	0.23	2.29	0.32	(0.76)	1.47	(0.84)	3.29
SGICX	0.62	0.23	0.37	0.44	0.00	(0.80)	1.25	(0.81)	10.59
EICVX	0.66	0.21	0.27	1.26	0.14	(0.76)	1.31	(0.84)	8.80
DGINX	0.33	0.01	(0.03)	0.06	0.41	(0.34)	0.72	(0.79)	1.72
BXDCX	0.05	0.00	(0.31)	0.23	0.00	(0.15)	0.11	(0.11)	0.54
TBLDX	0.29	0.02	(0.01)	0.09	0.32	(0.32)	0.67	(0.57)	1.76

Victory High Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Victory High mutual fund to make a market-neutral strategy. Peer analysis of Victory High could also be used in its relative valuation, which is a method of valuing Victory High by comparing valuation metrics with similar companies.

Qs Large Cap Rbc Funds Trust Summit Global Investments Eic Value Fund Dgi Balanced Barings Active Short T Rowe Price American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

Correlation

Still Interested in Victory High Income?

Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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