Macroaxis considers United States to be not very risky. United States Oil owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0069 which indicates United States Oil had -0.0069% 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 Oil 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 Coefficient Of Variation of
(14,393) and Risk Adjusted Performance of 0.0031 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 at a much smaller rate. During bear market, United States is likely to outperform the market.One Month Beta |Analyze United States Oil Demand TrendCheck current 30 days United States correlation with market (DOW)|
β = -0.2315
United States Oil Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, United States Oil has beta of -0.2315 . This entails as returns on benchmark increase, returns on holding United States are expected to decrease at a much smaller rate. During bear market, however, United States Oil is likely to outperform the market. Moreover, United States Oil has an alpha of 0.0282 implying that it can potentially generate 0.0282% 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 -14405.7. The daily returns are destributed with a variance of 2.09 and standard deviation of 1.44. The mean deviation of United States Oil is currently at 1.16. For similar time horizon, the selected benchmark (DOW) has volatility of 0.49