Macroaxis considers United States to be not too volatile. United States Gasoline owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0261 which indicates United States Gasoline had -0.0261% of return per unit of risk over the last 1 month. Macroaxis philosophy towards measuring risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. United States Gasoline exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate United States Semi Deviation of 1.8, Coefficient Of Variation of 2042.16 and Risk Adjusted Performance of 0.0218 to confirm risk estimate we provide.
|Investment Horizon||30 Days Login to change|
United States Market Sensitivity
|As returns on market increase, returns on owning United States are expected to decrease by larger amounts. On the other hand, during market turmoil, United States is expected to significantly outperform it.One Month Beta |Analyze United States Gasoline Demand TrendCheck current 30 days United States correlation with market (DOW)|
β = -1.7875
Projected Return Density Against MarketConsidering 30-days investment horizon, United States Gasoline has beta of -1.7875 . This entails as returns on its benchmark rise, returns on holding United States Gasoline are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, United States is expected to outperform its benchmark. Moreover, United States Gasoline has an alpha of 0.407 implying that it can potentially generate 0.407% 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 -3833.47. The daily returns are destributed with a variance of 2.9 and standard deviation of 1.7. The mean deviation of United States Gasoline is currently at 1.33. For similar time horizon, the selected benchmark (DOW) has volatility of 0.27