Usaa Intermediate Correlations

Mutual Funds . USA . 
Fund . Usaa Intermediate Term
UITCX Fund  USD 9.11  0.04  0.44%   
The current 90-days correlation between Usaa Intermediate Term and Aqr Long Short Equity is -0.08 (i.e., Good diversification). The correlation of Usaa Intermediate 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 Intermediate Correlation With Market

Good diversification

The correlation between Usaa Intermediate Term and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Usaa Intermediate Term 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 Intermediate Term. 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 main economic indicators.

Moving together with Usaa Mutual Fund

  0.97UINCX Income Fund IncomePairCorr
  0.99UITBX Intermediate Term BondPairCorr
  0.68RSDYX Victory Incore LowPairCorr

Moving against Usaa Mutual Fund

  0.36RSGFX Victory Rs SelectPairCorr
  0.34RSDGX Victory Rs SelectPairCorr
  0.32RSEGX Victory Rs SmallPairCorr
  0.39RSMOX Victory Rs MidPairCorr
  0.37RSSYX Victory Rs SelectPairCorr
  0.33RSIFX Victory Rs SciencePairCorr
  0.32RSGRX Victory Rs GrowthPairCorr
  0.32RSYEX Victory Rs SmallPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
RTIUX
+ 0.99
PEIRX
RTIUX
+ 0.9
PWITX
PWITX
+ 0.85
QLENX
PWITX
+ 0.85
PEIRX
RTIUX
+ 0.78
QLENX
PEIRX
+ 0.76
QLENX
  
High negative correlations   
DHGCX
- 0.03
RBCIX

Risk-Adjusted Indicators

There is a big difference between Usaa Mutual Fund performing well and Usaa Intermediate 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 Intermediate'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.

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