United States Backtesting

United States 3x Oil Fund -- USA Etf  

USD 52.35  0.35  0.67%

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

December 19, 2017
No Change 0.00  0.0%
In 31 days
January 18, 2018
If you would invest  0.00  in United States on December 19, 2017 and sell it all today you would earn a total of 0.00 from holding United States 3x Oil Fund or generate 0.0% return on investment in United States over 30 days. United States is related to or competes with ProShares Ultra, VelocityShares 3x, VelocityShares 3x, DB Gold, ProShares Ultra, and UBS ETRACS. 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


United States Market Premium Indicators

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 3x Backtested Returns

United States is not too volatile given 1 month investment horizon. United States 3x owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.4598 which indicates United States 3x had 0.4598% of return per unit of risk over the last 1 month. Our philosophy towards measuring risk of a etf is to use both market data as well as company specific technical data. We found twenty-one different technical indicators which can help you to evaluate if expected returns of 1.7767% are justified by taking the suggested risk. Use United States 3x Coefficient Of Variation of 233.25 and Risk Adjusted Performance of 0.177 to evaluate company specific risk that cannot be diversified away. The entity has beta of 0.1028 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.. Although it is essential to pay attention to United States 3x current price movements, it is also good to be reasonable about what you can actually do with equity historical returns. Macroaxis philosophy towards measuring future performance of any etf is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if United States 3x Oil Fund expected return of 1.7767 will be sustainable into the future, we have found twenty-one different technical indicators which can help you to check if the expected returns are sustainable.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.84 

Very good predictability

United States 3x Oil Fund has very good predictability. Overlapping area represents the amount of predictability between United States time series from December 19, 2017 to January 3, 2018 and January 3, 2018 to January 18, 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 0.84 indicates that around 84.0% of current United States price fluctuation can be explain by its past prices.
Correlation Coefficient 0.84
Spearman Rank Test 0.79
Price Variance 10.47
Lagged Price Variance 3.75

United States Lagged Returns

 Regressed Prices 

United States Performance vs DOW

The median price of United States for the period between Tue, Dec 19, 2017 and Thu, Jan 18, 2018 is 42.99 with a coefficient of variation of 13.3. The daily time series for the period is distributed with a sample standard deviation of 5.89, arithmetic mean of 44.29, and mean deviation of 5.2. The Etf did not receive any noticable media coverage during the period.
Price Growth (%)