United States Backtesting

United States Gasoline -- USA Etf  

USD 29.78  0.82  2.68%

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
Investment Horizon     30 Days    Login   to change

United States 'What if' Analysis

November 14, 2017
No Change 0.00  0.0%
In 30 days
December 14, 2017
If you would invest  0.00  in United States on November 14, 2017 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 Realty Income, Diamond Hill, AllianceBernstein, Associated Capital, Arlington Asset, and Blackstone Group. The investment seeks the daily changes in percentage terms of the spot price of gasoline, for delivery to the New York h...

United States Upside/Downside Indicators


United States Market Premium Indicators

United States Gasoline lagged returns against current returns

 Current and Lagged Values 

United States regressed lagged prices vs. current prices

 Current vs Lagged Prices 

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.
Advice Volatility Trend Exposure Correlations
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

 Regressed Prices 

United States Performance vs DOW

The median price of United States for the period between Tue, Nov 14, 2017 and Thu, Dec 14, 2017 is 31.24 with a coefficient of variation of 2.05. The daily time series for the period is distributed with a sample standard deviation of 0.64, arithmetic mean of 31.21, and mean deviation of 0.49. The Etf received some media coverage during the period.
Price Growth (%)  
Unexpectedly Large Crude Draw Could Help Buoy Oil Prices12/13/2017