Usaa Intermediate Correlations

UITCX Fund

USD 9.18 0.01 0.11%

The current 90-days correlation between Usaa Intermediate Term and Ashmore Emerging Markets is -0.09 (i.e., Good diversification). The correlation of Usaa Intermediate is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Usaa Intermediate Correlation With Market

Significant diversification

The correlation between Usaa Intermediate Term and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Usaa Intermediate Term and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Usaa Intermediate Term. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Usaa Mutual Fund

0.99	UINCX	Income Fund Income	Pair Corr
1.0	UITBX	Intermediate Term Bond	Pair Corr
0.84	UITIX	Usaa Tax Exempt	Pair Corr
0.63	ULTIX	Usaa Tax Exempt	Pair Corr
0.95	IPFIX	Victory Incore	Pair Corr
0.94	RSDYX	Victory Incore Low	Pair Corr
0.74	RSENX	Victory Sophus Emerging	Pair Corr
0.62	RSFYX	Victory Floating Rate	Pair Corr
0.89	RSIGX	Victory Rs International	Pair Corr

Moving against Usaa Mutual Fund

0.82	RSEGX	Victory Rs Small	Pair Corr
0.72	RSGFX	Victory Rs Select	Pair Corr
0.71	RSDGX	Victory Rs Select	Pair Corr
0.65	SSGSX	Victory Sycamore Small	Pair Corr
0.64	SRVEX	Victory Diversified Stock	Pair Corr
0.64	SSVSX	Victory Special Value	Pair Corr
0.63	MNNAX	Victory Munder Multi	Pair Corr
0.6	UINQX	Usaa Nasdaq 100	Pair Corr
0.6	MMECX	Victory Integrity	Pair Corr
0.59	MMEAX	Victory Integrity	Pair Corr
0.58	MMMMX	Victory Integrity	Pair Corr
0.58	MMMSX	Victory Integrity	Pair Corr
0.48	RPPRX	Victory Rs Partners	Pair Corr
0.47	RSGGX	Victory Rs Global	Pair Corr
0.4	SBFCX	Victory Incore Investment	Pair Corr
0.39	SBFMX	Victory Portfolios	Pair Corr
0.82	RSYEX	Victory Rs Small	Pair Corr
0.8	RSMMX	Victory Rs Small	Pair Corr
0.72	RSGRX	Victory Rs Growth	Pair Corr
0.71	RSSYX	Victory Rs Select	Pair Corr
0.71	VSCVX	Victory Integrity Small	Pair Corr
0.71	VSVIX	Victory Integrity Small	Pair Corr
0.68	RSMOX	Victory Rs Mid	Pair Corr
0.66	RSIFX	Victory Rs Science	Pair Corr
0.59	RSNRX	Victory Global Natural	Pair Corr
0.58	RSNYX	Victory Global Natural	Pair Corr
0.49	RSPFX	Victory Rs Partners	Pair Corr
0.49	RSPMX	Victory Rs Partners	Pair Corr

Related Correlations Analysis

	ESCIX	MSSGX	PMDDX	HSCVX	PSBMX	GLVIX	QSERX	ARTSX
ESCIX		0.63	0.51	0.53	0.55	0.72	0.49	0.51	ESCIX
MSSGX	0.63		0.85	0.91	0.94	0.71	0.9	0.93	MSSGX
PMDDX	0.51	0.85		0.97	0.96	0.77	0.86	0.94	PMDDX
HSCVX	0.53	0.91	0.97		0.98	0.76	0.91	0.96	HSCVX
PSBMX	0.55	0.94	0.96	0.98		0.75	0.92	0.98	PSBMX
GLVIX	0.72	0.71	0.77	0.76	0.75		0.63	0.7	GLVIX
QSERX	0.49	0.9	0.86	0.91	0.92	0.63		0.89	QSERX
ARTSX	0.51	0.93	0.94	0.96	0.98	0.7	0.89		ARTSX
	ESCIX	MSSGX	PMDDX	HSCVX	PSBMX	GLVIX	QSERX	ARTSX

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Risk-Adjusted Indicators

There is a big difference between Usaa Mutual Fund performing well and Usaa Intermediate Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Usaa Intermediate's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ESCIX	0.75	(0.01)	(0.06)	1.87	(2.03)	4.56
MSSGX	1.80	(0.12)	(0.11)	3.81	(3.91)	9.53
PMDDX	0.85	(0.07)	(0.11)	1.52	(1.78)	3.94
HSCVX	0.82	(0.08)	(0.13)	1.45	(1.78)	3.38
PSBMX	1.03	(0.13)	(0.17)	2.03	(2.32)	5.36
GLVIX	0.93	(0.03)	(0.07)	1.52	(2.12)	5.60
QSERX	1.18	(0.24)	(0.19)	1.89	(2.52)	11.52
ARTSX	1.18	(0.09)	(0.12)	2.24	(3.17)	5.69

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