USAA Core Backtesting

USAA Core Intermediate Term Bond ETF -- USA Etf  

USD 48.49  0.18  0.37%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of USAA Core Intermediate Term Bond ETF and determine expected loss or profit from investing in USAA Core over given investment horizon. Also please take a look at USAA Core Hype Analysis, USAA Core Correlation, Portfolio Optimization, USAA Core Volatility as well as analyze USAA Core Alpha and Beta and USAA Core Performance.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

USAA Core 'What if' Analysis

February 22, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
April 23, 2018
0.00
If you would invest  0.00  in USAA Core on February 22, 2018 and sell it all today you would earn a total of 0.00 from holding USAA Core Intermediate Term Bond ETF or generate 0.0% return on investment in USAA Core over 60 days. USAA Core is related to or competes with WisdomTree Barclays, , JPMorgan Global, iShares Edge, Virtus Newfleet, Arrow Reserve, and First Trust. The investment seeks high current income without undue risk to principal

USAA Core Upside/Downside Indicators

Information Ratio0.1773
Maximum Drawdown0.676
Value At Risk0.31
Potential Upside0.2043
  

USAA Core Market Premium Indicators

Risk Adjusted Performance0.26
Jensen Alpha0.028032
Total Risk Alpha0.021777
Treynor Ratio3.68

USAA Core Intermediate Backtested Returns

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.
Advice Volatility Trend Exposure Correlations
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

USAA Core Intermediate lagged returns against current returns

 Current and Lagged Values 
      Timeline 

USAA Core regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

USAA Core Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - UITB

USAA Core Intermediate Investor Sentiment
Macroaxis portfolio users are unemotional in their outlook on investing in USAA Core Intermediate Term Bond ETF. What is your outlook on investing in USAA Core Intermediate Term Bond ETF? Are you bullish or bearish?
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Also please take a look at USAA Core Hype Analysis, USAA Core Correlation, Portfolio Optimization, USAA Core Volatility as well as analyze USAA Core Alpha and Beta and USAA Core Performance. Please also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.