|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 Oil Demand TrendCheck current 30 days United States correlation with market (DOW)|
β = 0.4797
United States Oil Technical Analysis
United States Projected Return Density Against MarketConsidering 30-days investment horizon, United States has beta of 0.4797 . 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 Oil will be expected to be much smaller as well. Moreover, United States Oil has an alpha of 0.0675 implying that it can potentially generate 0.0675% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
United States Return VolatilityUnited States Oil has volatility of 1.3169% on return distribution over 30 days investment horizon. DOW inherits 0.4541% risk (volatility on return distribution) over the 30 days horizon.