Usaa Tax Correlations

Mutual Funds . USA . 
Fund . Usaa Tax Exempt
UITIX Fund  USD 12.18  0.02  0.16%   
The current 90-days correlation between Usaa Tax Exempt and Dreyfus Natural Resources 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 0.09 (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

  0.63UINCX Income Fund IncomePairCorr
  0.77UINQX Usaa Nasdaq 100PairCorr
  0.78SRVEX Victory Diversified StockPairCorr
  0.74UITBX Intermediate Term BondPairCorr
  0.74UITCX Usaa Intermediate TermPairCorr
  0.79SSGSX Victory Sycamore SmallPairCorr
  0.7SBFCX Victory Incore InvestmentPairCorr
  0.72SBFMX Victory PortfoliosPairCorr
  0.79MMECX Victory IntegrityPairCorr
  0.79MMEAX Victory IntegrityPairCorr
  0.8RPPRX Victory Rs PartnersPairCorr
  0.8MMIJX Victory Integrity MidPairCorr
  0.79MMMMX Victory IntegrityPairCorr
  0.79MMMSX Victory IntegrityPairCorr
  0.78MNNAX Victory Munder MultiPairCorr
  0.78RSDYX Victory Incore LowPairCorr
  0.79RSEGX Victory Rs SmallPairCorr
  0.81RSDGX Victory Rs SelectPairCorr
  0.74RSFYX Victory Floating RatePairCorr
  0.78RSGGX Victory Rs GlobalPairCorr
  0.81RSGFX Victory Rs SelectPairCorr
  0.78RSGRX Victory Rs GrowthPairCorr
  0.72RSFCX Victory Floating RatePairCorr
  0.74RSFMX Victory Floating RatePairCorr
  0.73RSFLX Victory Floating RatePairCorr
  0.78RSIFX Victory Rs SciencePairCorr
  0.84RSINX Victory Rs InvestorsPairCorr
  0.78RSIGX Victory Rs InternationalPairCorr
  0.84RSIYX Victory Rs InvestorsPairCorr
  0.78RSMOX Victory Rs MidPairCorr
  0.8RSPFX Victory Rs PartnersPairCorr
  0.72RSNRX Victory Global NaturalPairCorr
  0.73RSNYX Victory Global NaturalPairCorr
  0.8RSPMX Victory Rs PartnersPairCorr
  0.8RSPYX Victory Rs PartnersPairCorr

Related Correlations Analysis

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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.

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