Microsectorstm Oil Gas Etf Performance
| OILD Etf | USD 14.35 0.13 0.91% |
The etf secures a Beta (Market Risk) of -1.87, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning MicroSectorsTM Oil are expected to decrease by larger amounts. On the other hand, during market turmoil, MicroSectorsTM Oil is expected to outperform it.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days MicroSectorsTM Oil Gas has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unfluctuating performance in the last few months, the Etf's essential indicators remain rather sound which may send shares a bit higher in May 2024. The latest tumult may also be a sign of longer-term up-swing for the fund shareholders. ...more
1 | Can Oil Energy ETFs Continue to Soar - Zacks Investment Research | 04/16/2024 |
MicroSectorsTM |
MicroSectorsTM Oil Relative Risk vs. Return Landscape
If you would invest 2,321 in MicroSectorsTM Oil Gas on January 20, 2024 and sell it today you would lose (886.00) from holding MicroSectorsTM Oil Gas or give up 38.17% of portfolio value over 90 days. MicroSectorsTM Oil Gas is currently does not generate positive expected returns and assumes 2.6836% risk (volatility on return distribution) over the 90 days horizon. In different words, 23% of etfs are less volatile than MicroSectorsTM, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
MicroSectorsTM Oil Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for MicroSectorsTM Oil's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as MicroSectorsTM Oil Gas, and traders can use it to determine the average amount a MicroSectorsTM Oil's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.27
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | OILD |
Estimated Market Risk
| 2.68 actual daily | 23 77% of assets are more volatile |
Expected Return
| -0.72 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.27 actual daily | 0 Most of other assets perform better |
Based on monthly moving average MicroSectorsTM Oil is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of MicroSectorsTM Oil by adding MicroSectorsTM Oil to a well-diversified portfolio.
MicroSectorsTM Oil Fundamentals Growth
MicroSectorsTM Etf prices reflect investors' perceptions of the future prospects and financial health of MicroSectorsTM Oil, and MicroSectorsTM Oil fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on MicroSectorsTM Etf performance.
| Total Asset | 19.53 M | |||
About MicroSectorsTM Oil Performance
To evaluate MicroSectorsTM Oil Gas Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when MicroSectorsTM Oil generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare MicroSectorsTM Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand MicroSectorsTM Oil Gas market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents MicroSectorsTM's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Microsectors Oil is traded on NYSEARCA Exchange in the United States.| MicroSectorsTM Oil generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Can Oil Energy ETFs Continue to Soar - Zacks Investment Research | |
| The fund maintains all of its assets in stocks |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in MicroSectorsTM Oil Gas. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
The market value of MicroSectorsTM Oil Gas is measured differently than its book value, which is the value of MicroSectorsTM that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectorsTM Oil's value that differs from its market value or its book value, called intrinsic value, which is MicroSectorsTM Oil's 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 MicroSectorsTM Oil's market value can be influenced by many factors that don't directly affect MicroSectorsTM Oil's 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 MicroSectorsTM Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectorsTM Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectorsTM Oil's 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.