USAA Core Backtesting

UITB -- USA Etf  

USD 47.83  0.06  0.13%

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.
Horizon     30 Days    Login   to change
SymbolX
Backtest

USAA Core 'What if' Analysis

September 18, 2018
0.00
No Change 0.00  0.0%
In 31 days
October 18, 2018
0.00
If you would invest  0.00  in USAA Core on September 18, 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 30 days. USAA Core is related to or competes with iShares Core, WisdomTree Barclays, IQ Enhanced, and iShares Edge. The investment seeks high current income without undue risk to principal

USAA Core Upside/Downside Indicators

Information Ratio0.2444
Maximum Drawdown0.7315
Value At Risk0.29
Potential Upside0.2613
  

USAA Core Market Premium Indicators

Risk Adjusted Performance0.21
Jensen Alpha0.05
Total Risk Alpha0.024153
Treynor Ratio0.8225

USAA Core Intermediate Backtested Returns

Macroaxis considers USAA Core to be not too risky. USAA Core Intermediate retains Efficiency (Sharpe Ratio) of -0.1599 which indicates USAA Core Intermediate had -0.1599% 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 ETF Risk Adjusted Performance of 0.21 to confirm risk estimate we provide. The entity owns Beta (Systematic Risk) of -0.0544 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 0.54 

Modest predictability

USAA Core Intermediate Term Bond ETF has modest predictability. Overlapping area represents the amount of predictability between USAA Core time series from September 18, 2018 to October 3, 2018 and October 3, 2018 to October 18, 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 0.54 indicates that about 54.0% of current USAA Core price fluctuation can be explain by its past prices.
Correlation Coefficient0.54
Spearman Rank Test0.03
Residual Average0.0
Price Variance0.02

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 

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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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of macroaxis ideas.
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