We consider United States not too risky. United States Gasoline
owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.1162 which indicates United States Gasoline
had 0.1162% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of an etf is to use all available market data together with etf specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for United States Gasoline which you can use to evaluate future volatility of the etf. Please validate United States Semi Deviation
of 0.8409, Coefficient Of Variation
of 505.47 and Risk Adjusted Performance
of 0.0965 to confirm if risk estimate we provide are consistent with the epected return of 0.1437%. The entity has beta of 1.0173 which indicates United States returns are very sensitive to returns on the market. as market goes up or down, United States is expected to follow.. Although it is extremely important to respect United States Gasoline
current price movements, it is better to be realistic regarding the information on equity historical returns. The philosophy towards measuring future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By inspecting United States Gasoline technical indicators
you can presently evaluate if the expected return of 0.1437% will be sustainable into the future.
|15 days auto-correlation||(0.03) |
Very weak reverse predictability
United States Gasoline has very weak reverse predictability. Overlapping area represents the amount of predictability between United States time series from August 22, 2018 to September 6, 2018 and September 6, 2018 to September 21, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of United States Gasoline price movement. The serial correlation of -0.03 indicates that only 3.0% of current United States price fluctuation can be explain by its past prices. Given that United States Gasoline has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of United States for similar time interval.
|Spearman Rank Test||0.0|