|United States 12 Month Oil -- USA Etf|| |
USD 21.78 0.34 1.59%
The entity has beta of -0.2245 which indicates as returns on market increase, returns on owning United States are expected to decrease at a much smaller rate. During bear market, United States is likely to outperform the market.. Although it is extremely important to respect United States 12
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 12 technical indicators
you can presently evaluate if the expected return of 0.1172% will be sustainable into the future.
United States 12 Relative Risk vs. Return Landscape
If you would invest 2,131
in United States 12 Month Oil on February 17, 2018
and sell it today you would earn a total of 47.00
from holding United States 12 Month Oil or generate 2.21%
return on investment over 30
days. United States 12 Month Oil is generating 0.1172% of daily returns assuming volatility of 1.2977% on return distribution over 30 days investment horizon. In other words, 12% of equities are less volatile than the company and above 98% of equities are expected to generate higher returns over the next 30 days.
Daily Expected Return (%)
Considering 30-days investment horizon, United States 12 Month Oil is expected to generate 1.39 times more return on investment than the market. However, the company is 1.39 times more volatile than its market benchmark. It trades about 0.09 of its potential returns per unit of risk. The DOW is currently generating roughly 0.0 per unit of risk.
United States Daily Price Distribution
The median price of United States for the period between Sat, Feb 17, 2018 and Mon, Mar 19, 2018 is 21.36 with a coefficient of variation of 1.48. The daily time series for the period is distributed with a sample standard deviation of 0.32, arithmetic mean of 21.43, and mean deviation of 0.26. The Etf received some media coverage during the period.