VictoryShares USAA Correlations

UITB Etf

USD 46.62 0.06 0.13%

The correlation of VictoryShares USAA 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.

VictoryShares USAA Correlation With Market

Significant diversification

The correlation between VictoryShares USAA Core and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VictoryShares USAA Core and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with VictoryShares Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VictoryShares USAA Core. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with VictoryShares Etf

0.92	BND	Vanguard Total Bond	Pair Corr
0.91	AGG	iShares Core Aggregate	Pair Corr
0.92	BIV	Vanguard Intermediate	Pair Corr
1.0	SPAB	SPDR Portfolio Aggregate	Pair Corr
1.0	EAGG	iShares ESG Aggregate	Pair Corr
0.99	FLCB	Franklin Templeton ETF	Pair Corr
0.92	DFCF	Dimensional ETF Trust	Pair Corr
0.97	JAGG	JPMorgan BetaBuilders	Pair Corr
0.99	AGGY	WisdomTree Yield Enhanced	Pair Corr
0.74	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.7	ITDD	iShares Trust	Pair Corr
0.93	PMBS	PIMCO Mortgage Backed	Pair Corr
0.62	IBM	International Business	Pair Corr
0.7	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.61	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.69	MRK	Merck Company Earnings Call This Week	Pair Corr
0.8	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.67	BAC	Bank of America	Pair Corr
0.74	JPM	JPMorgan Chase	Pair Corr

Moving against VictoryShares Etf

0.65	MPAY	Exchange Traded Concepts	Pair Corr
0.55	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.34	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	USTB	UIVM	USVM	ULVM	UEVM
USTB		0.95	0.87	0.89	0.91	USTB
UIVM	0.95		0.93	0.94	0.97	UIVM
USVM	0.87	0.93		0.97	0.95	USVM
ULVM	0.89	0.94	0.97		0.96	ULVM
UEVM	0.91	0.97	0.95	0.96		UEVM
	USTB	UIVM	USVM	ULVM	UEVM

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VictoryShares USAA Constituents Risk-Adjusted Indicators

There is a big difference between VictoryShares Etf performing well and VictoryShares USAA ETF 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 VictoryShares USAA'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
USTB	0.08	0.01	(1.89)	0.87	0.00	(0.10)	0.20	(0.10)	0.68
UIVM	0.52	0.17	0.04	0.77	0.17	(0.65)	1.32	(0.77)	3.21
USVM	0.76	(0.02)	0.02	0.19	0.76	(0.83)	1.88	(1.22)	5.71
ULVM	0.62	0.26	0.06	(4.27)	0.40	(0.71)	1.82	(0.87)	4.76
UEVM	0.58	0.15	0.06	0.55	0.35	(0.69)	1.23	(1.02)	4.02

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