Macroaxis considers USAA Core to be not too risky. USAA Core Intermediate
retains Efficiency (Sharpe Ratio) of -0.0864 which indicates USAA Core Intermediate
had -0.0864% of return per unit of volatility over the last 2 months. Macroaxis approach towards measuring risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. USAA Core exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate USAA Core Intermediate Term Bond ETF Risk Adjusted Performance
of 0.26 to confirm risk estimate we provide. The entity owns Beta (Systematic Risk) of -0.0075 which indicates as returns on market increase, returns on owning USAA Core are expected to decrease at a much smaller rate. During bear market, USAA Core is likely to outperform the market.. Even though it is essential to pay attention to USAA Core Intermediate existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis approach towards measuring future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. USAA Core exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.38 |
Below average predictability
USAA Core Intermediate Term Bond ETF has below average predictability. Overlapping area represents the amount of predictability between USAA Core time series from February 22, 2018 to March 24, 2018 and March 24, 2018 to April 23, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of USAA Core Intermediate price movement. The serial correlation of 0.38 indicates that just about 38.0% of current USAA Core price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.38|
|Spearman Rank Test|| -0.18|
|Price Variance|| 0.02|
|Average Price|| 48.94|