The organization owns Beta (Systematic Risk) of 0.53 which indicates as returns on market increase, USAA returns are expected to increase less than the market. However during bear market, the loss on holding USAA will be expected to be smaller as well.. Although it is extremely important to respect USAA First Start Growth
existing price patterns
, it is beter to be realistic about what you can do with the information about equity price patterns
. The approach towards measuring future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By inspecting USAA First Start Growth technical indicators
you can now evaluate if the expected return of 0.02% will be sustainable into the future.
Relative Risk vs. Return Landscape
If you would invest 1,302
in USAA First Start Growth on November 8, 2013
and sell it today you would earn a total of 6.00
from holding USAA First Start Growth or generate 0.46%
return on investment over 30
days. USAA First Start Growth is currently producing 0.02% returns and takes up 0.31% volatility of returns over 30 trading days. Put another way, 3% of traded equities are less volatile than the company and 99% of traded equity instruments are likely to generate higher returns over the next 30 trading days.
Daily Expected Return (%)
Assuming 30 trading days horizon, USAA First Start Growth is expected to generate 5.0 times less return on investment than the market. But when comparing it to its historical volatility, the company is 1.45 times less risky than the market. It trades about 0.06 of its potential returns per unit of risk. The S&P 500 is currently generating roughly 0.22 of returns per unit of risk over similar time horizon.
Manager Realized Returns
Mr. Toikka joined Credit Suisse Asset Management LLC in May 2010. From September 2000 to April 2010 he held positions within Credit Suisse Group AG Investment Banking Division. Within the Arbitrage Trading area his responsibilities have included running a variety of trading strategies and serving as the Head of Risk and Strategy for Global Arbitrage Trading. Prior to joining Arbitrage Trading in 2005 Mr. Toikka served as the Global Head of the Quantitative Equity Derivatives Strategy Group. Before joining Credit Suisse First Boston in September 2000 Mr. Toikka worked for Goldman Sachs and Co. in the Fixed Income and Currency and Commodity division where he played a leadership role in fixed income derivatives strategy. Prior to 1997 he worked for Salomon Brothers in Equity Derivatives and Quantitative Research. Mr. Toikka holds a MS degree in Applied Economics from the University of California Santa Cruz and a Bachelors degree in Economics from the University of California at Davis.. . The fund invests primarily in equity securities when the managers believe the reward characteristics outweigh the risk in the market
USAA Price to Book
Based on latest financial disclosure the price to book indicator of USAA First Start Growth is roughly 1.8 times. This is 38.46% higher than that of USAA family, and 7.57% higher than that of Moderate Allocation
category, The Price to Book for all funds is 91.49% lower than the firm.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
USAA Year to Date Return
USAA First Start Growth has Year to Date Return of 15.92%. This is 117.19% higher than that of USAA family, and 39.28% higher than that of Moderate Allocation
category, The Year to Date Return for all funds is 209.73% lower than the firm.
Year-To-Date typically refers to a period starting from the beginning of the current year, and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.