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 -0.1775 which indicates United States Gasoline
had -0.1775% 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 (440.62) and Risk Adjusted Performance of (0.11) to confirm risk estimate we provide. The entity has beta of -0.3035 which indicates as returns on market increase, returns on owning United States are expected to decrease at a much smaller rate. During bear market, United States is likely to outperform the market.. 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.
|15 days auto-correlation||(0.07) |
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 November 14, 2017 to November 29, 2017 and November 29, 2017 to December 14, 2017. 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 -0.07 indicates that barely 7.0% 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|| -0.07|
|Spearman Rank Test|| -0.15|
|Price Variance|| 0.23|
|Lagged Price Variance|| 0.15|
United States Lagged Returns