Usaa Tax Correlations

USTIX Fund

USD 10.36 0.01 0.1%

The current 90-days correlation between Usaa Tax Exempt and Foundry Partners Fundamental is -0.01 (i.e., Good 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

Significant diversification

The correlation between Usaa Tax Exempt and DJI is 0.05 (i.e., Significant 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

0.72	UITIX	Usaa Tax Exempt	Pair Corr
0.72	RSGFX	Victory Rs Select	Pair Corr
0.87	RSFMX	Victory Floating Rate	Pair Corr
0.76	UPMMX	Precious Metals And Steady Growth	Pair Corr
0.77	MAICX	Victory Trivalent	Pair Corr
0.75	URITX	International Fund	Pair Corr
0.76	URSIX	Target Retirement 2060	Pair Corr
0.84	USBAX	Usaa Ultra Short	Pair Corr
0.81	UASBX	Short Term Bond	Pair Corr
0.8	MCISX	Victory Trivalent	Pair Corr
0.77	VFFCX	Victory Incore	Pair Corr
0.67	USTCX	Science Technology	Pair Corr
0.78	VFFYX	Victory Incore	Pair Corr
0.74	USWGX	World Growth	Pair Corr
0.68	UTEIX	Tax Exempt Intermediate	Pair Corr
0.73	MUXYX	Victory Sp 500	Pair Corr
0.9	UTESX	Tax Exempt Short	Pair Corr
0.81	RHYCX	Victory High Yield	Pair Corr

Moving against Usaa Mutual Fund

0.32

SBFMX

Victory Portfolios

Pair Corr

Related Correlations Analysis

	DRSVX	PVCMX	VISVX	BPSCX	BRSVX	BOSVX	AVCNX
DRSVX		0.92	0.99	0.92	0.91	0.89	0.94	DRSVX
PVCMX	0.92		0.88	0.95	0.91	0.88	0.89	PVCMX
VISVX	0.99	0.88		0.9	0.92	0.9	0.94	VISVX
BPSCX	0.92	0.95	0.9		0.92	0.95	0.91	BPSCX
BRSVX	0.91	0.91	0.92	0.92		0.93	0.95	BRSVX
BOSVX	0.89	0.88	0.9	0.95	0.93		0.93	BOSVX
AVCNX	0.94	0.89	0.94	0.91	0.95	0.93		AVCNX
	DRSVX	PVCMX	VISVX	BPSCX	BRSVX	BOSVX	AVCNX

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
DRSVX	0.79	(0.02)	0.00	0.07	0.96	(0.88)	1.80	(1.43)	4.19
PVCMX	0.19	0.02	(0.26)	0.38	0.12	(0.24)	0.42	(0.42)	0.92
VISVX	0.76	(0.02)	(0.01)	0.07	0.92	(0.81)	1.74	(1.38)	3.68
BPSCX	0.85	0.11	0.10	0.20	0.78	(0.90)	2.21	(1.63)	7.92
BRSVX	0.79	0.11	0.04	0.51	0.88	(0.95)	1.88	(1.34)	4.28
BOSVX	1.01	0.19	0.17	0.27	0.74	(1.19)	2.20	(1.44)	8.85
AVCNX	0.97	0.08	0.09	0.15	0.96	(1.08)	2.49	(1.57)	6.99

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