|United States Gasoline -- USA Etf|| |
USD 29.08 0.28 0.97%
The entity has beta of 0.4842 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 extremely important to respect United States Gasoline
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 Gasoline technical indicators
you can presently evaluate if the expected return of 0.0712% will be sustainable into the future.
Relative Risk vs. Return Landscape
If you would invest 2,872
in United States Gasoline on September 17, 2017
and sell it today you would earn a total of 36
from holding United States Gasoline or generate 1.25%
return on investment over 30
days. United States Gasoline is generating 0.0712% of daily returns assuming volatility of 1.7432% on return distribution over 30 days investment horizon. In other words, 16% of equities are less volatile than the company and above 99% of equities are expected to generate higher returns over the next 30 days.
Daily Expected Return (%)
Considering 30-days investment horizon, United States Gasoline is expected to generate 1.85 times less return on investment than the market. In addition to that, the company is 7.44 times more volatile than its market benchmark. It trades about 0.04 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.56 per unit of volatility.
United States Daily Price Distribution
The median price of United States for the period between Sun, Sep 17, 2017 and Tue, Oct 17, 2017 is 28.72 with a coefficient of variation of 1.94. The daily time series for the period is distributed with a sample standard deviation of 0.55, arithmetic mean of 28.55, and mean deviation of 0.44. The Etf received some media coverage during the period.