Usaa Tax Correlations

UITIX Fund

USD 12.51 0.03 0.24%

The current 90-days correlation between Usaa Tax Exempt and Ab Bond Inflation is 0.54 (i.e., Very weak diversification). The correlation of Usaa Tax 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 Tax Correlation With Market

Average diversification

The correlation between Usaa Tax Exempt and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Usaa Tax Exempt 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 Tax Exempt. 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 gross domestic product.

Moving together with Usaa Mutual Fund

0.87	UINCX	Income Fund Income	Pair Corr
0.86	UITBX	Intermediate Term Bond	Pair Corr
0.85	UITCX	Usaa Intermediate Term	Pair Corr
0.68	GUTEX	Victory Tax Exempt	Pair Corr
0.89	ULTIX	Usaa Tax Exempt	Pair Corr
0.78	IPFIX	Victory Incore	Pair Corr
0.79	RSDYX	Victory Incore Low	Pair Corr
0.65	RSENX	Victory Sophus Emerging	Pair Corr
0.66	RSFYX	Victory Floating Rate	Pair Corr
0.61	RSFCX	Victory Floating Rate	Pair Corr
0.63	RSFMX	Victory Floating Rate	Pair Corr
0.66	RSFLX	Victory Floating Rate	Pair Corr
0.76	RSIGX	Victory Rs International	Pair Corr

Moving against Usaa Mutual Fund

0.47	RSEGX	Victory Rs Small	Pair Corr
0.31	RSDGX	Victory Rs Select	Pair Corr
0.31	RSGFX	Victory Rs Select	Pair Corr
0.49	RSNRX	Victory Global Natural	Pair Corr
0.49	RSNYX	Victory Global Natural	Pair Corr
0.47	RSYEX	Victory Rs Small	Pair Corr
0.45	RSMMX	Victory Rs Small	Pair Corr
0.31	RSSYX	Victory Rs Select	Pair Corr

Related Correlations Analysis

	ABNCX	TRBFX	FLIBX	TIKPX	APISX	SLFYX	LIFAX	ABNYX
ABNCX		0.98	0.99	0.98	0.99	0.94	0.96	1.0	ABNCX
TRBFX	0.98		0.97	0.96	0.99	0.96	0.98	0.98	TRBFX
FLIBX	0.99	0.97		0.98	0.97	0.92	0.94	0.99	FLIBX
TIKPX	0.98	0.96	0.98		0.97	0.93	0.94	0.98	TIKPX
APISX	0.99	0.99	0.97	0.97		0.97	0.98	0.99	APISX
SLFYX	0.94	0.96	0.92	0.93	0.97		0.97	0.94	SLFYX
LIFAX	0.96	0.98	0.94	0.94	0.98	0.97		0.96	LIFAX
ABNYX	1.0	0.98	0.99	0.98	0.99	0.94	0.96		ABNYX
	ABNCX	TRBFX	FLIBX	TIKPX	APISX	SLFYX	LIFAX	ABNYX

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Risk-Adjusted Indicators

There is a big difference between Usaa Mutual Fund performing well and Usaa Tax 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 Tax'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ABNCX	0.16	0.02	0.43	0.73	0.04	(0.20)	0.30	(0.30)	0.90
TRBFX	0.12	0.02	0.33	3.60	0.00	(0.26)	0.42	(0.22)	0.85
FLIBX	0.22	0.03	0.31	0.57	0.17	(0.27)	0.44	(0.53)	1.43
TIKPX	0.16	0.02	0.41	(0.56)	0.04	(0.20)	0.37	(0.29)	0.85
APISX	0.11	0.02	0.59	3.22	0.00	(0.15)	0.19	(0.19)	0.67
SLFYX	0.19	0.06	0.55	2.45	0.00	(0.27)	0.50	(0.26)	1.02
LIFAX	0.11	0.02	0.55	1.02	0.00	(0.16)	0.26	(0.17)	0.94
ABNYX	0.16	0.02	0.42	1.27	0.03	(0.19)	0.38	(0.29)	0.86

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