|United States Oil -- USA Etf|| |
USD 11.43 0.03 0.26%
The entity has beta of -0.5856 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 Oil
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 Oil technical indicators
you can presently evaluate if the expected return of 0.0566% will be sustainable into the future.
United States Oil Relative Risk vs. Return Landscape
If you would invest 1,135
in United States Oil on November 17, 2017
and sell it today you would earn a total of 11
from holding United States Oil or generate 0.97%
return on investment over 30
days. United States Oil is generating 0.0566% of daily returns assuming volatility of 1.3223% on return distribution over 30 days investment horizon. In other words, 12% 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 Oil is expected to generate 4.56 times less return on investment than the market. In addition to that, the company is 2.94 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 0.57 per unit of volatility.
United States Daily Price Distribution
The median price of United States for the period between Fri, Nov 17, 2017 and Sun, Dec 17, 2017 is 11.47 with a coefficient of variation of 1.55. The daily time series for the period is distributed with a sample standard deviation of 0.18, arithmetic mean of 11.44, and mean deviation of 0.13. The Etf did not receive any noticable media coverage during the period.