Use fundamental data analysis to confirm all available indicators of United States 3x to find out if markets are presently mispricing the entity. We found five available drivers for United States 3x Oil which can be compared to its competition. Please validate United States Total Asset to decide if United States is priced fairly. Use United States to protect against small markets fluctuations. The etf experiences very speculative upward sentiment.. Check odds of United States to be traded at $49.45 in 30 days
United States Company Summary
United States competes with United States, United States, PowerShares DB, VelocityShares 3x, and POWERSHARES DB. The investment seeks the daily changes in percentage terms of its shares per share NAV to reflect three times the daily change in percentage terms of the price of a specified short-term futures contract on light, sweet crude oil less the funds expenses. United States is traded on Archipelago Exchange in USA.
United States 3x Oil is rated below average in net asset as compared to similar ETFs. It is rated below average in bond positions weight as compared to similar ETFs . The ratio of Net Asset to Bond Positions Weight for United States 3x Oil is about 3,903,297
United States 3x Systematic Risk
The output start index for this execution was five with a total number of output elements of twelve. The Beta measures systematic risk based on how returns on United States 3x correlated with the market. If Beta is less than 0 United States generally moves in the opposite direction as compared to the market. If United States Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one United States 3x is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of United States is generally in the same direction as the market. If Beta > 1 United States moves generally in the same direction as, but more than the movement of the benchmark. View also all equity analysis or get more info about beta statistic functions indicator.
United States Financial Distress Probability
Chance of Financial Distress
United States 3x Oil has less than 40 (%) percent chance of experiencing financial distress in the next 2 years of operations. More Info
Also please take a look at World Market Map. Please also try Idea Breakdown module to analyze constituents of all macroaxis ideas. macroaxis investment ideas are predefined, sector-focused investing themes.