Usaa Ultra Short Term Fund Market Value
| USBAX Fund | USD 10.08 0.01 0.1% |
| Symbol | Usaa |
Usaa Ultra '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 Ultra'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 Ultra.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Usaa Ultra on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Usaa Ultra Short Term or generate 0.0% return on investment in Usaa Ultra over 90 days. Usaa Ultra is related to or competes with Pnc Balanced, Dodge Cox, Quantitative, Calvert Moderate, Franklin Moderate, Morgan Stanley, and The Hartford. The fund normally invests at least 80 percent of the funds assets in investment-grade debt securities that have a dollar... More
Usaa Ultra 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 Ultra'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 Ultra Short Term upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 1.27 | |||
| Maximum Drawdown | 0.502 | |||
| Value At Risk | (0.1) | |||
| Potential Upside | 0.1004 |
Usaa Ultra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Usaa Ultra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Usaa Ultra's standard deviation. In reality, there are many statistical measures that can use Usaa Ultra historical prices to predict the future Usaa Ultra's volatility.| Risk Adjusted Performance | 0.087 | |||
| Jensen Alpha | 0.0061 | |||
| Total Risk Alpha | 0.0198 | |||
| Treynor Ratio | (0.42) |
Usaa Ultra Short Backtested Returns
At this stage we consider Usaa Mutual Fund to be very steady. Usaa Ultra Short owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the fund had a 0.21 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Usaa Ultra Short Term, which you can use to evaluate the volatility of the fund. Please validate Usaa Ultra's Variance of 0.0086, risk adjusted performance of 0.087, and Coefficient Of Variation of 509.4 to confirm if the risk estimate we provide is consistent with the expected return of 0.0197%. The entity has a beta of -0.0196, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Usaa Ultra are expected to decrease at a much lower rate. During the bear market, Usaa Ultra is likely to outperform the market.
Auto-correlation | 0.67 |
Good predictability
Usaa Ultra Short Term has good predictability. Overlapping area represents the amount of predictability between Usaa Ultra time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. 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 Ultra Short price movement. The serial correlation of 0.67 indicates that around 67.0% of current Usaa Ultra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Usaa Ultra Short lagged returns against current returns
Autocorrelation, which is Usaa Ultra 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 Ultra's mutual fund expected returns. We can calculate the autocorrelation of Usaa Ultra returns to help us make a trade decision. For example, suppose you find that Usaa Ultra 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 Ultra 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 Ultra mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Usaa Ultra 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 Ultra mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Usaa Ultra Lagged Returns
When evaluating Usaa Ultra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Usaa Ultra mutual fund have on its future price. Usaa Ultra 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 Ultra autocorrelation shows the relationship between Usaa Ultra mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Usaa Ultra Short 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 Ultra 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 Ultra security.
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |