United States Natural Backtested Returns
Macroaxis considers United States to be moderately volatile. United States Natural
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0985 which indicates United States Natural
had -0.0985% 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 Natural Gas 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 (935.43) and Risk Adjusted Performance of (0.021067) to confirm risk estimate we provide. The entity has beta of -1.5822 which indicates as returns on market increase, returns on owning United States are expected to decrease by larger amounts. On the other hand, during market turmoil, United States is expected to significantly outperform it.. Even though it is essential to pay attention to United States Natural 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 Natural Gas exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.23 |
United States Natural Gas has weak predictability. Overlapping area represents the amount of predictability between United States time series from September 22, 2017 to October 7, 2017 and October 7, 2017 to October 22, 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 Natural price movement. The serial correlation of 0.23 indicates that over 23.0% of current United States price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.23|
|Spearman Rank Test|| -0.61|
|Price Variance|| 0.01|
|Lagged Price Variance|| 0.01|
United States Lagged Returns