Microsectorstm Oil Gas Etf Profile
| OILU Etf | USD 48.66 0.22 0.45% |
Performance17 of 100
| Odds Of DistressLess than 9
|
MicroSectorsTM Oil is selling for under 48.66 as of the 25th of April 2024; that is 0.45 percent up since the beginning of the trading day. The etf's last reported lowest price was 48.66. MicroSectorsTM Oil has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for MicroSectorsTM Oil Gas are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Microsectors Oil is traded on NYSEARCA Exchange in the United States. More on MicroSectorsTM Oil Gas
Moving together with MicroSectorsTM Etf
| 0.68 | SSO | ProShares Ultra SP500 Sell-off Trend | PairCorr |
| 0.66 | SPXL | Direxion Daily SP500 Sell-off Trend | PairCorr |
| 1.0 | NRGU | MicroSectors Big Oil | PairCorr |
| 0.67 | UPRO | ProShares UltraPro SP500 Sell-off Trend | PairCorr |
Moving against MicroSectorsTM Etf
| 0.78 | YCL | ProShares Ultra Yen | PairCorr |
| 0.72 | FXY | Invesco CurrencyShares | PairCorr |
MicroSectorsTM Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. MicroSectorsTM Oil's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding MicroSectorsTM Oil or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Trading--Leveraged Equity, BMO Capital Markets (View all Sectors) |
| Country Name | USA |
| Returns Y T D | (99.0) |
| Name | MicroSectorsTM Oil Gas Exploration Production 3X Leveraged ETNs |
| Currency Code | USD |
| 1y Volatility | 90.83 |
| 200 Day M A | 40.3064 |
| 50 Day M A | 42.5705 |
| Code | OILU |
| Updated At | 24th of April 2024 |
| Currency Name | US Dollar |
| Type | ETF |
MicroSectorsTM Oil Gas [OILU] is traded in USA and was established 2021-11-08. The fund is listed under Trading--Leveraged Equity category and is part of BMO Capital Markets family. MicroSectorsTM Oil Gas now have 36.28 M in assets. , while the total return for the last 3 years was -80.5%.
Check MicroSectorsTM Oil Probability Of Bankruptcy
Top MicroSectorsTM Oil Gas Etf Constituents
| XOM | Exxon Mobil Corp | Stock | Energy |
| MPC | Marathon Petroleum Corp | Stock | Energy |
| EOG | EOG Resources | Stock | Energy |
| VLO | Valero Energy | Stock | Energy |
| DVN | Devon Energy | Stock | Energy |
| COP | ConocoPhillips | Stock | Energy |
| PXD | Pioneer Natural Resources | Stock | Energy |
MicroSectorsTM Oil Target Price Odds Analysis
Attributed to a normal probability distribution, the odds of MicroSectorsTM Oil jumping above the current price in 90 days from now is about 11.35%. The MicroSectorsTM Oil Gas probability density function shows the probability of MicroSectorsTM Oil etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days MicroSectorsTM Oil has a beta of 0.966. This indicates MicroSectorsTM Oil Gas market returns are related to returns on the market. As the market goes up or down, MicroSectorsTM Oil is expected to follow. Additionally, microSectorsTM Oil Gas has an alpha of 0.6479, implying that it can generate a 0.65 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of MicroSectorsTM Oil to move above the current price in 90 days from now is about 11.35 (This MicroSectorsTM Oil Gas probability density function shows the probability of MicroSectorsTM Etf to fall within a particular range of prices over 90 days) .
MicroSectorsTM Oil Gas Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. MicroSectorsTM Oil market risk premium is the additional return an investor will receive from holding MicroSectorsTM Oil long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in MicroSectorsTM Oil. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although MicroSectorsTM Oil's alpha and beta are two of the key measurements used to evaluate MicroSectorsTM Oil's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.1829 | |||
| Jensen Alpha | 0.6479 | |||
| Total Risk Alpha | 0.3699 | |||
| Sortino Ratio | 0.2624 |
MicroSectorsTM Oil Against Markets
Picking the right benchmark for MicroSectorsTM Oil etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in MicroSectorsTM Oil etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for MicroSectorsTM Oil is critical whether you are bullish or bearish towards MicroSectorsTM Oil Gas at a given time. Please also check how MicroSectorsTM Oil's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in MicroSectorsTM Oil without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
How to buy MicroSectorsTM Etf?
Before investing in MicroSectorsTM Oil, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in MicroSectorsTM Oil. To buy MicroSectorsTM Oil etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of MicroSectorsTM Oil. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase MicroSectorsTM Oil etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located MicroSectorsTM Oil Gas etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased MicroSectorsTM Oil Gas etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as MicroSectorsTM Oil Gas, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy MicroSectorsTM Etf please use our How to Invest in MicroSectorsTM Oil guide.
Already Invested in MicroSectorsTM Oil Gas?
The danger of trading MicroSectorsTM Oil Gas is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of MicroSectorsTM Oil is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than MicroSectorsTM Oil. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile MicroSectorsTM Oil Gas is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether MicroSectorsTM Oil Gas is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if MicroSectorsTM Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Microsectorstm Oil Gas Etf. Highlighted below are key reports to facilitate an investment decision about Microsectorstm Oil Gas Etf: 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.