Macroaxis considers United States to be not too volatile. United States Diesel
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1949 which indicates United States Diesel
had -0.1949% 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 Diesel Heating Oil 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 457.33 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 Diesel 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 Diesel Heating Oil exposes twenty-eight different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.52 |
United States Diesel Heating Oil has modest 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 Diesel price movement. The serial correlation of 0.52 indicates that about 52.0% of current United States price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.52|
|Spearman Rank Test|| 0.58|
|Price Variance|| 0.08|
|Lagged Price Variance|| 0.21|