We consider USAA Core not too risky. USAA Core Intermediate retains Efficiency (Sharpe Ratio) of 0.0354 which indicates USAA Core Intermediate had 0.0354% 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-one 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 0.0246 and Downside Deviation of 0.2268 to confirm if risk estimate we provide are consistent with the epected return of 0.0052%.
|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 Intermediate Demand TrendCheck current 30 days USAA Core correlation with market (DOW)|
β = -0.0523
USAA Core Intermediate Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, USAA Core Intermediate Term Bond ETF has beta of -0.0523 . 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 ETF is likely to outperform the market. 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
Given the investment horizon of 30 days, the coefficient of variation of USAA Core is 2821.1. The daily returns are destributed with a variance of 0.02 and standard deviation of 0.15. The mean deviation of USAA Core Intermediate Term Bond ETF is currently at 0.1. For similar time horizon, the selected benchmark (DOW) has volatility of 1.12