USAA Core Backtesting

UITB -- USA Etf  

USD 48.71  0.01  0.0205%

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

June 21, 2018
0.00
No Change 0.00  0.0%
In 30 days
July 21, 2018
0.00
If you would invest  0.00  in USAA Core on June 21, 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, Vanguard Total, Vanguard Short, Vanguard Interm, SPDR DoubleLine, SPDR Portfolio, and SPDR Barclays. USAA Core Intermediate Term Bond ETF is USA based ETF administrated by USAA Asset Management Company

USAA Core Upside/Downside Indicators

Downside Deviation0.112
Information Ratio0.95
Maximum Drawdown0.4329
Value At Risk0.12
Potential Upside0.2476
  

USAA Core Market Premium Indicators

Risk Adjusted Performance0.0794
Jensen Alpha0.0165
Total Risk Alpha0.010412
Sortino Ratio0.98
Treynor Ratio0.55

USAA Core Intermediate Backtested Returns

We consider USAA Core not too risky. USAA Core Intermediate retains Efficiency (Sharpe Ratio) of 0.1793 which indicates USAA Core Intermediate had 0.1793% of return per unit of volatility over the last 1 month. Our approach towards measuring volatility of a etf is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty technical indicators for USAA Core which you can use to evaluate future volatility of the etf. Please validate USAA Core Intermediate Term Bond ETF Risk Adjusted Performance of 0.0794 and Coefficient Of Variation of 491.5 to confirm if risk estimate we provide are consistent with the epected return of 0.0206%. The entity owns Beta (Systematic Risk) of -0.0245 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.. Although it is extremely important to respect USAA Core Intermediate existing price patterns, it is better to be realistic regarding the information on equity price patterns. The approach towards measuring future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting USAA Core Intermediate technical indicators you can now evaluate if the expected return of 0.0206% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.72 

Good predictability

USAA Core Intermediate Term Bond ETF has good predictability. Overlapping area represents the amount of predictability between USAA Core time series from June 21, 2018 to July 6, 2018 and July 6, 2018 to July 21, 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 0.72 indicates that around 72.0% of current USAA Core price fluctuation can be explain by its past prices.
Correlation Coefficient 0.72
Spearman Rank Test 0.59
Price Variance 0.01
Lagged Price Variance 0.01

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 Equity Analysis module to research over 250,000 global equities including funds, stocks and etfs to find investment opportunities.
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