Macroaxis considers United States not too risky given 1 month investment horizon. United States Gasoline owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.32 which indicates United States Gasoline had 0.32% 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 Gasoline which you can use to evaluate future volatility of the etf. Please operate United States Coefficient Of Variation of 247.61 and Risk Adjusted Performance of 0.1839 to confirm if our risk estimates are consistent with your expectations.
|Time Horizon||30 Days Login to change|
United States Market Sensitivity
|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.One Month Beta |Analyze United States Gasoline Demand TrendCheck current 30 days United States correlation with market (DOW)|
β = 0.0191
United States Gasoline Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, United States has beta of 0.0191 . This entails as returns on market go up, United States average returns are expected to increase less than the benchmark. However during bear market, the loss on holding United States Gasoline will be expected to be much smaller as well. Moreover, United States Gasoline has an alpha of 0.3654 implying that it can potentially generate 0.3654% excess return over DOW after adjusting for the inherited market risk (beta).
Considering 30-days investment horizon, the coefficient of variation of United States is 312.5. The daily returns are destributed with a variance of 0.87 and standard deviation of 0.93. The mean deviation of United States Gasoline is currently at 0.7. For similar time horizon, the selected benchmark (DOW) has volatility of 0.44