VictoryShares USAA Correlations

USTB Etf

USD 50.68 0.03 0.06%

The current 90-days correlation between VictoryShares USAA Core and VictoryShares USAA Core is 0.06 (i.e., Significant diversification). 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

Average diversification

The correlation between VictoryShares USAA Core and DJI is 0.16 (i.e., Average 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

0.89	BSV	Vanguard Short Term	Pair Corr
0.97	IGSB	iShares 1 5	Pair Corr
0.98	SPSB	SPDR Barclays Short	Pair Corr
0.95	ISTB	iShares Core 1	Pair Corr
0.98	SLQD	iShares 0 5	Pair Corr
0.95	LDUR	PIMCO Enhanced Low	Pair Corr
0.65	SUSB	iShares ESG 1	Pair Corr
0.68	DFEN	Direxion Daily Aerospace	Pair Corr
0.67	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.66	BUFD	FT Cboe Vest	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr
0.82	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.85	DIS	Walt Disney	Pair Corr
0.86	CVX	Chevron Corp	Pair Corr
0.61	XOM	Exxon Mobil Corp	Pair Corr
0.91	IBM	International Business Earnings Call Tomorrow	Pair Corr
0.87	GE	GE Aerospace	Pair Corr
0.91	BAC	Bank of America Aggressive Push	Pair Corr
0.74	INTC	Intel Earnings Call This Week	Pair Corr
0.91	MSFT	Microsoft Earnings Call Next Week	Pair Corr

Moving against VictoryShares Etf

0.63	WTID	UBS ETRACS	Pair Corr
0.53	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.37	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	UITB	UIVM	USVM	UEVM	ULVM
UITB		0.68	0.6	0.62	0.63	UITB
UIVM	0.68		0.95	0.98	0.96	UIVM
USVM	0.6	0.95		0.97	0.99	USVM
UEVM	0.62	0.98	0.97		0.98	UEVM
ULVM	0.63	0.96	0.99	0.98		ULVM
	UITB	UIVM	USVM	UEVM	ULVM

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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
UITB	0.23	0.02	(0.53)	(3.32)	0.21	(0.25)	0.41	(0.47)	1.20
UIVM	0.52	0.24	0.10	(8.91)	0.12	(0.64)	1.32	(0.77)	3.34
USVM	0.79	0.23	0.02	(0.97)	0.84	(0.86)	2.27	(1.82)	5.71
UEVM	0.60	0.26	0.11	(2.95)	0.36	(0.71)	1.45	(1.02)	4.02
ULVM	0.65	0.21	0.02	(1.72)	0.61	(0.71)	1.82	(1.30)	4.76

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