USAA Core Intermedia Backtested Returns
Macroaxis considers USAA Core to be not too risky. USAA Core Intermedia
retains Efficiency (Sharpe Ratio) of -0.1824 which indicates USAA Core Intermedia
had -0.1824% of return per unit of volatility over the last 1 month. 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 Risk Adjusted Performance
of (0.078637) to confirm risk estimate we provide. The entity owns Beta (Systematic Risk) of 0.0143 which indicates as returns on market increase, USAA Core returns are expected to increase less than the market. However during bear market, the loss on holding USAA Core will be expected to be smaller as well.. Even though it is essential to pay attention to USAA Core Intermedia 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|| 0.48 |
USAA Core Intermediate-Term Bond has average predictability. Overlapping area represents the amount of predictability between USAA Core time series from December 25, 2017 to January 9, 2018 and January 9, 2018 to January 24, 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 Intermedia price movement. The serial correlation of 0.48 indicates that about 48.0% of current USAA Core price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.48|
|Spearman Rank Test|| 0.32|
|Price Variance|| 0.01|
|Lagged Price Variance|| 0.01|
USAA Core Lagged Returns