United States Backtesting

United States Gasoline -- USA Etf  

USD 31.01  0.91  2.85%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of United States Gasoline and determine expected loss or profit from investing in United States over given investment horizon. Also please take a look at United States Hype Analysis, United States Correlation, Portfolio Optimization, United States Volatility as well as analyze United States Alpha and Beta and United States Performance
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

United States 'What if' Analysis

January 25, 2018
0.00
No Change 0.00  0.0%
In 31 days
February 24, 2018
0.00
If you would invest  0.00  in United States on January 25, 2018 and sell it all today you would earn a total of 0.00 from holding United States Gasoline or generate 0.0% return on investment in United States over 30 days. United States is related to or competes with Diamond Hill, AllianceBernstein, Associated Capital, Arlington Asset, and Blackstone Group.

United States Upside/Downside Indicators

  

United States Market Premium Indicators

United States Gasoline lagged returns against current returns

 Current and Lagged Values 
      Timeline 

United States regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

United States Gasoline Backtested Returns

Macroaxis considers United States to be not too volatile. United States Gasoline owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1722 which indicates United States Gasoline had -0.1722% of return per unit of risk over the last 1 month. Macroaxis philosophy towards measuring risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. United States Gasoline exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate United States Coefficient Of Variation of 497.75 and Risk Adjusted Performance of 0.35 to confirm risk estimate we provide. The entity has beta of 0.2865 which indicates as returns on market increase, United States returns are expected to increase less than the market. However during bear market, the loss on holding United States will be expected to be smaller as well.. Even though it is essential to pay attention to United States Gasoline current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. United States Gasoline exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.88) 

Excellent reverse predictability

United States Gasoline has excellent reverse predictability. Overlapping area represents the amount of predictability between United States time series from January 25, 2018 to February 9, 2018 and February 9, 2018 to February 24, 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 -0.88 indicates that approximately 88.0% 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.
Correlation Coefficient -0.88
Spearman Rank Test -0.73
Price Variance 0.4
Lagged Price Variance 0.73

United States Lagged Returns

 Regressed Prices 
      Timeline 

United States Performance vs DOW

The median price of United States for the period between Thu, Jan 25, 2018 and Sat, Feb 24, 2018 is 31.92 with a coefficient of variation of 4.6. The daily time series for the period is distributed with a sample standard deviation of 1.47, arithmetic mean of 31.99, and mean deviation of 1.29. The Etf received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
Gasoline Prices Rise, Despite Plunging Crude Oil02/14/2018