United States Oil Etf Market Value
| USO Etf | USD 78.78 0.07 0.09% |
| Symbol | United |
The market value of United States Oil 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.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in United States on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding United States Oil or generate 0.0% return on investment in United States over 720 days. United States is related to or competes with United States, SPDR Gold, ProShares Ultra, Energy Select, and IShares Silver. USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gas... 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 Oil upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.36 | |||
| Information Ratio | 0.0958 | |||
| Maximum Drawdown | 6.0 | |||
| Value At Risk | (2.28) | |||
| Potential Upside | 2.18 |
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.| Risk Adjusted Performance | 0.1066 | |||
| Jensen Alpha | 0.2055 | |||
| Total Risk Alpha | 0.0366 | |||
| Sortino Ratio | 0.0912 | |||
| Treynor Ratio | (7.16) |
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.
United States Oil Backtested Returns
We consider United States very steady. United States Oil owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the etf had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for United States Oil, which you can use to evaluate the volatility of the etf. Please validate United States' Coefficient Of Variation of 607.38, semi deviation of 1.11, and Risk Adjusted Performance of 0.1066 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. The entity has a beta of -0.0284, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning United States are expected to decrease at a much lower rate. During the bear market, United States is likely to outperform the market.
Auto-correlation | -0.55 |
Good reverse predictability
United States Oil has good reverse predictability. Overlapping area represents the amount of predictability between United States time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd of April 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 Oil price movement. The serial correlation of -0.55 indicates that about 55.0% of current United States price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 34.47 |
United States Oil 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 Oil.
Regressed Prices |
| Timeline |
United States Implied Volatility | 51.35 |
United States' implied volatility exposes the market's sentiment of United States Oil stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if United States' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that United States stock will not fluctuate a lot when United States' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards United States in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, United States' short interest history, or implied volatility extrapolated from United States options trading.
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 Oil offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of United States' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of United States Oil Etf. Outlined below are crucial reports that will aid in making a well-informed decision on United States Oil Etf: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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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.