United States Backtesting

USL -- USA Etf  

USD 23.06  0.39  1.66%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of United States 12 Month Oil 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 20, 2018
0.00
No Change 0.00  0.0%
In 30 days
June 19, 2018
0.00
If you would invest  0.00  in United States on May 20, 2018 and sell it all today you would earn a total of 0.00 from holding United States 12 Month Oil 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 to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delive...

United States Upside/Downside Indicators

Information Ratio0.23
Maximum Drawdown5.46
Value At Risk3.39
Potential Upside1.69
  

United States Market Premium Indicators

Risk Adjusted Performance0.01

United States 12 Backtested Returns

Macroaxis considers United States to be not too volatile. United States 12 owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.2799 which indicates United States 12 had -0.2799% 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 12 Month Oil 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 431.77 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 12 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 12 Month Oil exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.22) 

Weak reverse predictability

United States 12 Month Oil has weak reverse predictability. Overlapping area represents the amount of predictability between United States time series from May 20, 2018 to June 4, 2018 and June 4, 2018 to June 19, 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 12 price movement. The serial correlation of -0.22 indicates that over 22.0% of current United States price fluctuation can be explain by its past prices. Given that United States 12 Month Oil 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 -0.22
Spearman Rank Test -0.43
Price Variance 0.07
Lagged Price Variance 0.65

United States 12 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 

Current Sentiment - USL

United States 12 Investor Sentiment
Greater number of Macroaxis users are at this time bullish on United States 12 Month Oil. What is your outlook on investing in United States 12 Month Oil? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.