Usaa Tax Exempt Fund Market Value
| UITIX Fund | USD 12.61 0.01 0.08% |
| Symbol | Usaa |
Usaa Tax '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 Tax'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 Tax.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Usaa Tax on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Usaa Tax Exempt or generate 0.0% return on investment in Usaa Tax over 360 days. Usaa Tax is related to or competes with Income Fund, Usaa Nasdaq, Victory Diversified, Intermediate-term, Usaa Intermediate, Victory Tax-exempt, and Victory Sycamore. The fund invests primarily in investment-grade securities, the interest from which is excludable from gross income for f... More
Usaa Tax 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 Tax'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 Tax Exempt upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.347 | |||
| Information Ratio | (0.61) | |||
| Maximum Drawdown | 1.19 | |||
| Value At Risk | (0.24) | |||
| Potential Upside | 0.3205 |
Usaa Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Usaa Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Usaa Tax's standard deviation. In reality, there are many statistical measures that can use Usaa Tax historical prices to predict the future Usaa Tax's volatility.| Risk Adjusted Performance | 2.0E-4 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.36) | |||
| Treynor Ratio | (0.08) |
Usaa Tax Exempt Backtested Returns
At this stage we consider Usaa Mutual Fund to be very steady. Usaa Tax Exempt owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.037, which indicates the fund had a 0.037% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Usaa Tax Exempt, which you can use to evaluate the volatility of the fund. Please validate Usaa Tax's Risk Adjusted Performance of 2.0E-4, coefficient of variation of 2721.18, and Semi Deviation of 0.1697 to confirm if the risk estimate we provide is consistent with the expected return of 0.0075%. The entity has a beta of 0.034, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Usaa Tax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Usaa Tax is expected to be smaller as well.
Auto-correlation | 0.64 |
Good predictability
Usaa Tax Exempt has good predictability. Overlapping area represents the amount of predictability between Usaa Tax time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Tax Exempt price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Usaa Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Usaa Tax Exempt lagged returns against current returns
Autocorrelation, which is Usaa Tax 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 Tax's mutual fund expected returns. We can calculate the autocorrelation of Usaa Tax returns to help us make a trade decision. For example, suppose you find that Usaa Tax 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 Tax 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 Tax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Usaa Tax 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 Tax mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Usaa Tax Lagged Returns
When evaluating Usaa Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Usaa Tax mutual fund have on its future price. Usaa Tax 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 Tax autocorrelation shows the relationship between Usaa Tax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Usaa Tax Exempt.
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 Tax 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 Tax security.
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