USAA Core Risk Analysis

USAA Core Intermediate-Term Bond -- USA Etf  

USD 49.7  0.07  0.14%

Macroaxis considers USAA Core to be not too risky. USAA Core Intermedia retains Efficiency (Sharpe Ratio) of -0.1737 which indicates USAA Core Intermedia had -0.1737% 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-eight 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 (0.12) to confirm risk estimate we provide.
 Time Horizon     30 Days    Login   to change

USAA Core Market Sensitivity

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.
One Month Beta |Analyze USAA Core Intermedia Demand Trend
Check current 30 days USAA Core correlation with market (DOW)
β = -0.0851
USAA Core Almost negative betaUSAA Core Intermedia Beta Legend

USAA Core Intermedia Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. USAA Core Intermedia Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Given the investment horizon of 30 days, USAA Core Intermediate-Term Bond has beta of -0.0851 . This entails as returns on benchmark increase, returns on holding USAA Core are expected to decrease at a much smaller rate. During bear market, however, USAA Core Intermediate-Term Bond is likely to outperform the market. Additionally, USAA Core Intermediate-Term Bond has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Given the investment horizon of 30 days, the coefficient of variation of USAA Core is -575.81. The daily returns are destributed with a variance of 0.02 and standard deviation of 0.16. The mean deviation of USAA Core Intermediate-Term Bond is currently at 0.12. For similar time horizon, the selected benchmark (DOW) has volatility of 0.39
α
Alpha over DOW
=0.04
β
Beta against DOW=0.09
σ
Overall volatility
=0.16
Ir
Information ratio =1.56

Actual Return Volatility

USAA Core Intermediate-Term Bond inherits 0.1553% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 0.3802% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

USAA Core Volatility Factors

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Almost imposible

30 Days Economic Sensitivity

Indifferent to market move

Largest Trends

USAA Core Largest Period Trend
 49.68 
  
 49.7 
0.02  0.040258%
Lowest period price (30 days)
 50.13 
  
 50.19 
0.06  0.12%
Highest period price (30 days)

Investment Outlook

USAA Core Investment Opportunity
DOW has a standard deviation of returns of 0.38 and is 2.38 times more volatile than USAA Core Intermediate-Term Bond. 1% of all equities and portfolios are less risky than USAA Core. Compared to the overall equity markets, volatility of historical daily returns of USAA Core Intermediate-Term Bond is lower than 1 (%) of all global equities and portfolios over the last 30 days. Use USAA Core Intermediate-Term Bond to protect against small markets fluctuations. The etf experiences normal downward trend and little activity. Check odds of USAA Core to be traded at $49.2 in 30 days. 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.

USAA Core correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding USAA Core Intermediate-Term Bo and equity matching DJI index in the same portfolio.

Volatility Indicators

USAA Core Current Risk Indicators