United States Backtesting

UGA -- USA Etf  

USD 32.63  0.0025  0.0077%

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

May 21, 2018
0.00
No Change 0.00  0.0%
In 31 days
June 20, 2018
0.00
If you would invest  0.00  in United States on May 21, 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 Realty Income, Diamond Hill, AllianceBernstein, Associated Capital, Arlington Asset, Blackstone Group, and . 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

Information Ratio0.28
Maximum Drawdown5.45
Value At Risk2.75
Potential Upside1.97
  

United States Market Premium Indicators

Risk Adjusted Performance0.01

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 -0.3248 which indicates United States Gasoline had -0.3248% 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-eight 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 362.74 and Risk Adjusted Performance of 0.01 to confirm risk estimate we provide. The entity has beta of 0.0 which indicates the returns on MARKET and United States are completely uncorrelated. 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-eight different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.66 

Good predictability

United States Gasoline has good predictability. Overlapping area represents the amount of predictability between United States time series from May 21, 2018 to June 5, 2018 and June 5, 2018 to June 20, 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 0.66 indicates that around 66.0% of current United States price fluctuation can be explain by its past prices.
Correlation Coefficient 0.66
Spearman Rank Test 0.65
Price Variance 0.25
Lagged Price Variance 0.74

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 Lagged Returns

 Regressed Prices 
      Timeline 

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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. Please also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.