Usaa Nasdaq Correlations

UCNQX Fund

USD 51.23 0.07 0.14%

The current 90-days correlation between Usaa Nasdaq 100 and Blackrock Moderate Prepared is 0.17 (i.e., Average diversification). The correlation of Usaa Nasdaq 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 Nasdaq Correlation With Market

Good diversification

The correlation between Usaa Nasdaq 100 and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Usaa Nasdaq 100 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 Nasdaq 100. 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 producer price index.

Moving together with Usaa Mutual Fund

1.0	UINQX	Usaa Nasdaq 100	Pair Corr
0.79	RSGFX	Victory Rs Select	Pair Corr
0.78	RSMMX	Victory Rs Small	Pair Corr
0.8	RSMOX	Victory Rs Mid	Pair Corr

Moving against Usaa Mutual Fund

0.41	UPMMX	Precious Metals And Steady Growth	Pair Corr
0.39	UNYBX	New York Bond	Pair Corr

Related Correlations Analysis

	BIMPX	JLAEX	TSIMX	VRRJX	PRRTX
BIMPX		0.93	0.97	0.98	0.95	BIMPX
JLAEX	0.93		0.98	0.96	0.97	JLAEX
TSIMX	0.97	0.98		0.99	0.97	TSIMX
VRRJX	0.98	0.96	0.99		0.96	VRRJX
PRRTX	0.95	0.97	0.97	0.96		PRRTX
	BIMPX	JLAEX	TSIMX	VRRJX	PRRTX

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Risk-Adjusted Indicators

There is a big difference between Usaa Mutual Fund performing well and Usaa Nasdaq 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 Nasdaq'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
BIMPX	0.32	0.02	(0.06)	0.17	0.39	(0.37)	0.69	(0.55)	2.55
JLAEX	0.22	0.00	(0.14)	0.10	0.25	(0.30)	0.53	(0.40)	1.84
TSIMX	0.36	0.01	(0.06)	0.13	0.53	(0.36)	0.67	(0.74)	2.47
VRRJX	0.42	0.03	(0.03)	0.17	0.57	(0.46)	0.96	(0.74)	3.25
PRRTX	0.31	0.01	(0.09)	0.11	0.39	(0.33)	0.67	(0.52)	2.25

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