Macroaxis considers United States to be unusually risky. United States 3x
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.2919 which indicates United States 3x
had -0.2919% 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 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 367.75 and Risk Adjusted Performance of 0.1 to confirm risk estimate we provide. The entity has beta of 0.4308 which indicates as returns on market increase, United States returns are expected to increase less than the market. However during bear market, the loss on holding United States will be expected to be smaller as well.. 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 exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.25 |
United States 3x Short Oil has poor predictability. Overlapping area represents the amount of predictability between United States time series from August 20, 2018 to September 4, 2018 and September 4, 2018 to September 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 3x price movement. The serial correlation of 0.25 indicates that over 25.0% of current United States price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.62|