Usaa Intermediate Term Fund Market Value
| UITCX Fund | USD 9.25 0.04 0.43% |
| Symbol | Usaa |
Usaa Intermediate 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Usaa Intermediate's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Usaa Intermediate.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Usaa Intermediate on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Usaa Intermediate Term or generate 0.0% return on investment in Usaa Intermediate over 30 days. Usaa Intermediate is related to or competes with Income Fund, Usaa Nasdaq, Victory Diversified, Intermediate-term, Usaa Tax, and Victory Tax. The fund normally invests at least 80 percent of its assets in a broad range of debt securities that have a dollar-weigh... More
Usaa Intermediate Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Usaa Intermediate's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Usaa Intermediate Term upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.50) | |||
| Maximum Drawdown | 1.19 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.4292 |
Usaa Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Usaa Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Usaa Intermediate's standard deviation. In reality, there are many statistical measures that can use Usaa Intermediate historical prices to predict the future Usaa Intermediate's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.4304 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Usaa Intermediate's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Usaa Intermediate Term Backtested Returns
Usaa Intermediate Term owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0401, which indicates the fund had a -0.0401% return per unit of risk over the last 3 months. Usaa Intermediate Term exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Usaa Intermediate's Risk Adjusted Performance of (0.03), coefficient of variation of (4,638), and Variance of 0.0811 to confirm the risk estimate we provide. The entity has a beta of -0.0375, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Usaa Intermediate are expected to decrease at a much lower rate. During the bear market, Usaa Intermediate is likely to outperform the market.
Auto-correlation | -0.51 |
Good reverse predictability
Usaa Intermediate Term has good reverse predictability. Overlapping area represents the amount of predictability between Usaa Intermediate time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Usaa Intermediate Term price movement. The serial correlation of -0.51 indicates that about 51.0% of current Usaa Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Usaa Intermediate Term lagged returns against current returns
Autocorrelation, which is Usaa Intermediate mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Usaa Intermediate's mutual fund expected returns. We can calculate the autocorrelation of Usaa Intermediate returns to help us make a trade decision. For example, suppose you find that Usaa Intermediate has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Usaa Intermediate regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Usaa Intermediate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Usaa Intermediate mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Usaa Intermediate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Usaa Intermediate Lagged Returns
When evaluating Usaa Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Usaa Intermediate mutual fund have on its future price. Usaa Intermediate autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Usaa Intermediate autocorrelation shows the relationship between Usaa Intermediate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Usaa Intermediate Term.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Usaa Mutual Fund
Usaa Intermediate financial ratios help investors to determine whether Usaa Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Usaa with respect to the benefits of owning Usaa Intermediate security.
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