United States 3x Backtested Returns
Macroaxis considers United States to be not very volatile. United States 3x
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0662 which indicates United States 3x
had -0.0662% 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 3x Short Oil Fund 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 (1,511) and Risk Adjusted Performance of (0.007893) to confirm risk estimate we provide. The entity has beta of 4.3324 which indicates as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, United States will likely underperform.. Even though it is essential to pay attention to United States 3x 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 3x Short Oil Fund exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.26 |
United States 3x Short Oil Fund has poor predictability. Overlapping area represents the amount of predictability between United States time series from September 21, 2017 to October 6, 2017 and October 6, 2017 to October 21, 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 3x price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current United States price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.26|
|Spearman Rank Test|| 0.2|
|Price Variance|| 0.54|
|Lagged Price Variance|| 0.37|
United States Lagged Returns