United States Natural Etf Market Value

UNG Etf  USD 14.57  0.22  1.53%   
United States' market value is the price at which a share of United States trades on a public exchange. It measures the collective expectations of United States Natural investors about its performance. United States is trading at 14.57 as of the 28th of March 2024. This is a 1.53 percent up since the beginning of the trading day. The etf's lowest day price was 14.37.
With this module, you can estimate the performance of a buy and hold strategy of United States Natural and determine expected loss or profit from investing in United States over a given investment horizon. Check out United States Correlation, United States Volatility and United States Alpha and Beta module to complement your research on United States.
Symbol

The market value of United States Natural is measured differently than its book value, which is the value of United that is recorded on the company's balance sheet. Investors also form their own opinion of United States' value that differs from its market value or its book value, called intrinsic value, which is United States' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because United States' market value can be influenced by many factors that don't directly affect United States' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between United States' value and its price as these two are different measures arrived at by different means. Investors typically determine if United States is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United States' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

United States 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to United States' etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of United States.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in United States on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding United States Natural or generate 0.0% return on investment in United States over 30 days. United States is related to or competes with Drum Income, EA Series, Global X, ETRACS Quarterly, Global X, UBS AG, and VanEck Energy. The fund invests primarily in futures contracts for natural gas that are traded on the NYMEX, ICE Futures Europe and ICE... More

United States Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure United States' etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess United States Natural upside and downside potential and time the market with a certain degree of confidence.

United States Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for United States' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United States' standard deviation. In reality, there are many statistical measures that can use United States historical prices to predict the future United States' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of United States' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
9.7214.1018.48
Details
Intrinsic
Valuation
LowRealHigh
9.6814.0618.44
Details
Naive
Forecast
LowNextHigh
10.2514.6419.02
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14.1714.7815.40
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as United States. Your research has to be compared to or analyzed against United States' peers to derive any actionable benefits. When done correctly, United States' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in United States Natural.

United States Natural Backtested Returns

United States Natural owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the etf had a -0.1% return per unit of risk over the last 3 months. United States Natural exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate United States' Variance of 18.53, coefficient of variation of (1,699), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of 0.52, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, United States' returns are expected to increase less than the market. However, during the bear market, the loss of holding United States is expected to be smaller as well.

Auto-correlation

    
  0.87  

Very good predictability

United States Natural has very good predictability. Overlapping area represents the amount of predictability between United States time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 2024. 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 0.87 indicates that approximately 87.0% of current United States price fluctuation can be explain by its past prices.
Correlation Coefficient0.87
Spearman Rank Test0.41
Residual Average0.0
Price Variance0.13

United States Natural lagged returns against current returns

Autocorrelation, which is United States etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting United States' etf expected returns. We can calculate the autocorrelation of United States returns to help us make a trade decision. For example, suppose you find that United States has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

United States regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If United States etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United States etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United States etf over time.
   Current vs Lagged Prices   
       Timeline  

United States Lagged Returns

When evaluating United States' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United States etf have on its future price. United States autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, United States autocorrelation shows the relationship between United States etf current value and its past values and can show if there is a momentum factor associated with investing in United States Natural.
   Regressed Prices   
       Timeline  

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether United States Natural is a strong investment it is important to analyze United States' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact United States' future performance. For an informed investment choice regarding United Etf, refer to the following important reports:
Check out United States Correlation, United States Volatility and United States Alpha and Beta module to complement your research on United States.
You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Complementary Tools for United Etf analysis

When running United States' price analysis, check to measure United States' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy United States is operating at the current time. Most of United States' value examination focuses on studying past and present price action to predict the probability of United States' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United States' price. Additionally, you may evaluate how the addition of United States to your portfolios can decrease your overall portfolio volatility.
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United States technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of United States technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of United States trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...