USAA Core Risk Analysis And Volatility Evaluation

UITB -- USA Etf  

USD 48.22  0.09  0.19%

Macroaxis considers USAA Core to be not too risky. USAA Core Intermediate retains Efficiency (Sharpe Ratio) of -0.433 which indicates USAA Core Intermediate had -0.433% 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 0.18 to confirm risk estimate we provide.
Horizon     30 Days    Login   to change

USAA Core Market Sensitivity

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.
One Month Beta |Analyze USAA Core Intermediate Demand Trend
Check current 30 days USAA Core correlation with market (DOW)
β = 0.0506
USAA Core Small BetaUSAA Core Intermediate Beta Legend

USAA Core Intermediate Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. USAA Core Intermediate 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.

USAA Core Projected Return Density Against Market

Given the investment horizon of 30 days, USAA Core has beta of 0.0506 . This entails as returns on market go up, USAA Core average returns are expected to increase less than the benchmark. However during bear market, the loss on holding USAA Core Intermediate Term Bond ETF will be expected to be much smaller as well. Additionally, USAA Core Intermediate Term Bond ETF 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 -230.93. The daily returns are destributed with a variance of 0.03 and standard deviation of 0.18. The mean deviation of USAA Core Intermediate Term Bond ETF is currently at 0.15. For similar time horizon, the selected benchmark (DOW) has volatility of 0.45
α
Alpha over DOW
=0.08
β
Beta against DOW=0.05
σ
Overall volatility
=0.18
Ir
Information ratio =1.41

USAA Core Return Volatility

USAA Core Intermediate Term Bond ETF inherits 0.1764% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 0.4529% 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

Barely shadows market

Investment Outlook

USAA Core Investment Opportunity

DOW has a standard deviation of returns of 0.45 and is 2.5 times more volatile than USAA Core Intermediate Term Bond ETF. 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 ETF is lower than 1 (%) of all global equities and portfolios over the last 30 days. Use USAA Core Intermediate Term Bond ETF to enhance returns of your portfolios. The etf experiences normal upward fluctuation. Check odds of USAA Core to be traded at $50.63 in 30 days. 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.

USAA Core correlation with market

Average 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.

USAA Core Volatility Indicators

USAA Core Intermediate Term Bond ETF Current Risk Indicators

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