VictoryShares Small Correlations

USVM Etf

USD 84.88 0.39 0.46%

The current 90-days correlation between VictoryShares Small Mid and Dimensional ETF Trust is -0.13 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VictoryShares Small moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VictoryShares Small Mid moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

VictoryShares Small Correlation With Market

Very poor diversification

The correlation between VictoryShares Small Mid and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VictoryShares Small Mid and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with VictoryShares Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VictoryShares Small Mid. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with VictoryShares Etf

0.97	VBR	Vanguard Small Cap	Pair Corr
0.95	IWN	iShares Russell 2000	Pair Corr
0.97	IJJ	iShares SP Mid	Pair Corr
0.97	DFAT	Dimensional Targeted	Pair Corr
0.97	IJS	iShares SP Small	Pair Corr
0.97	SLYV	SPDR SP 600	Pair Corr
0.95	AVUV	Avantis Small Cap	Pair Corr
0.95	DES	WisdomTree SmallCap	Pair Corr
0.94	MDYV	SPDR SP 400	Pair Corr
0.99	CALF	Pacer Small Cap Low Volatility	Pair Corr
0.94	USD	ProShares Ultra Semi	Pair Corr
0.85	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.92	DFEN	Direxion Daily Aerospace	Pair Corr
0.97	FNGO	MicroSectors FANG Index	Pair Corr
0.97	DUSL	Direxion Daily Indus	Pair Corr
0.96	TECL	Direxion Daily Technology	Pair Corr
0.77	DIG	ProShares Ultra Oil	Pair Corr
0.65	MLPR	ETRACS Quarterly Pay	Pair Corr
0.76	KWEB	KraneShares CSI China	Pair Corr
0.73	DFCF	Dimensional ETF Trust	Pair Corr
0.94	KEMQ	KraneShares Emerging	Pair Corr
0.89	IBM	International Business	Pair Corr
0.93	CAT	Caterpillar	Pair Corr
0.9	BA	Boeing Earnings Call This Week	Pair Corr
0.94	JPM	JPMorgan Chase	Pair Corr
0.82	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.92	AA	Alcoa Corp	Pair Corr
0.91	GE	GE Aerospace	Pair Corr
0.85	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.96	DIS	Walt Disney	Pair Corr
0.82	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.97	BAC	Bank of America	Pair Corr
0.72	INTC	Intel	Pair Corr

Moving against VictoryShares Etf

0.68

FNGU

MicroSectors FANG Index Symbol Change

Pair Corr

Related Correlations Analysis

	DISV	RB	VB	MMSC	VIOG	VIOV	VIOO	DWAS	VTWG
DISV		-0.48	0.93	0.96	0.92	0.91	0.92	0.91	0.95	DISV
RB	-0.48		-0.46	-0.47	-0.47	-0.48	-0.48	-0.46	-0.47	RB
VB	0.93	-0.46		0.95	0.99	0.99	1.0	0.97	0.99	VB
MMSC	0.96	-0.47	0.95		0.95	0.92	0.94	0.95	0.97	MMSC
VIOG	0.92	-0.47	0.99	0.95		0.98	0.99	0.97	0.99	VIOG
VIOV	0.91	-0.48	0.99	0.92	0.98		1.0	0.94	0.97	VIOV
VIOO	0.92	-0.48	1.0	0.94	0.99	1.0		0.96	0.98	VIOO
DWAS	0.91	-0.46	0.97	0.95	0.97	0.94	0.96		0.98	DWAS
VTWG	0.95	-0.47	0.99	0.97	0.99	0.97	0.98	0.98		VTWG
	DISV	RB	VB	MMSC	VIOG	VIOV	VIOO	DWAS	VTWG

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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

VIOO	+ 1.0	VB
VIOO	+ 1.0	VIOV
VIOG	+ 0.99	VB
VIOV	+ 0.99	VB
VTWG	+ 0.99	VB
VIOO	+ 0.99	VIOG

High negative correlations

VIOO	- 0.48	RB
VIOV	- 0.48	RB
RB	- 0.48	DISV
VTWG	- 0.47	RB
VIOG	- 0.47	RB
MMSC	- 0.47	RB

VictoryShares Small Constituents Risk-Adjusted Indicators

There is a big difference between VictoryShares Etf performing well and VictoryShares Small ETF 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 VictoryShares Small'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
DISV	0.54	0.25	0.08	11.89	0.00	(0.67)	1.56	(0.84)	3.05
RB	0.21	0.06	(0.68)	1.47	0.00	(0.30)	0.54	(0.27)	1.00
VB	0.78	0.02	0.07	0.22	0.63	(0.93)	2.27	(1.10)	6.49
MMSC	0.85	0.34	0.12	(2.06)	0.51	(0.97)	2.48	(1.36)	5.70
VIOG	0.83	0.00	0.03	0.20	0.76	(0.95)	2.09	(1.51)	5.25
VIOV	1.01	(0.03)	0.04	0.18	0.94	(1.14)	2.58	(1.89)	7.33
VIOO	0.91	(0.02)	0.04	0.18	0.84	(1.05)	2.05	(1.69)	6.55
DWAS	0.90	(0.02)	0.02	0.18	0.79	(1.02)	2.05	(1.65)	4.96
VTWG	0.93	0.03	0.09	0.22	0.76	(1.00)	2.38	(1.39)	6.79

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