United States Backtesting

USOU -- USA Etf  

USD 63.48  0.54  0.84%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of United States 3x 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

United States 'What if' Analysis

June 22, 2018
No Change 0.00  0.0%
In 31 days
July 22, 2018
If you would invest  0.00  in United States on June 22, 2018 and sell it all today you would earn a total of 0.00 from holding United States 3x Oil or generate 0.0% return on investment in United States over 30 days. United States is related to or competes with United States, United States, PowerShares DB, VelocityShares 3x, PowerShares DB, ProShares UltraShort, and VelocityShares 3x. The investment seeks the daily changes in percentage terms of its shares per share NAV to reflect three times the daily ...

United States Upside/Downside Indicators

Downside Deviation8.92
Information Ratio0.1284
Maximum Drawdown31.22
Value At Risk12.52
Potential Upside9.91

United States Market Premium Indicators

Risk Adjusted Performance0.0785
Jensen Alpha1.02
Total Risk Alpha0.37
Sortino Ratio0.0935
Treynor Ratio0.97

United States 3x Backtested Returns

We consider United States not very risky. United States 3x owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0326 which indicates United States 3x had 0.0326% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of a etf is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for United States 3x Oil which you can use to evaluate future volatility of the etf. Please validate United States Semi Deviation of 5.94, Coefficient Of Variation of 690.91 and Risk Adjusted Performance of 0.0785 to confirm if risk estimate we provide are consistent with the epected return of 0.1825%. The entity has beta of -0.9621 which indicates . Although it is extremely important to respect United States 3x current price movements, it is better to be realistic regarding the information on equity historical returns. The philosophy towards measuring future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting United States 3x technical indicators you can presently evaluate if the expected return of 0.1825% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.88) 

Excellent reverse predictability

United States 3x Oil has excellent reverse predictability. Overlapping area represents the amount of predictability between United States time series from June 22, 2018 to July 7, 2018 and July 7, 2018 to July 22, 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 -0.88 indicates that approximately 88.0% of current United States price fluctuation can be explain by its past prices. Given that United States 3x 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 -0.88
Spearman Rank Test -0.45
Price Variance 32.04
Lagged Price Variance 33.13

United States 3x lagged returns against current returns

 Current and Lagged Values 

United States regressed lagged prices vs. current prices

 Current vs Lagged Prices 

United States Lagged Returns

 Regressed Prices 

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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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.