United States Performance

United States 3x Oil Fund -- USA Etf  

USD 52.05  2.04  4.08%

The entity has beta of 1.2766 which indicates as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, United States will likely underperform.. Even though it is essential to pay attention to United States 3x current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. United States 3x Oil Fund exposes twenty-eight different technical indicators which can help you to evaluate its performance.
 Time Horizon     30 Days    Login   to change

United States 3x Relative Risk vs. Return Landscape

If you would invest  5,826  in United States 3x Oil Fund on January 24, 2018 and sell it today you would lose (621.06)  from holding United States 3x Oil Fund or give up 10.66% of portfolio value over 30 days. United States 3x Oil Fund is currenly does not generate positive expected returns and assumes 4.2422% risk (volatility on return distribution) over the 30 days horizon. In different words, 39% of equities are less volatile than United States 3x Oil Fund and 99% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 30 days, United States 3x Oil Fund is expected to under-perform the market. In addition to that, the company is 2.47 times more volatile than its market benchmark. It trades about -0.1 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.12 per unit of volatility.

United States Daily Price Distribution

The median price of United States for the period between Wed, Jan 24, 2018 and Fri, Feb 23, 2018 is 51.715 with a coefficient of variation of 10.7. The daily time series for the period is distributed with a sample standard deviation of 5.44, arithmetic mean of 50.8, and mean deviation of 4.79. The Etf did not receive any noticable media coverage during the period.
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Risk-Adjusted Performance

Over the last 30 days United States 3x Oil Fund has generated negative risk-adjusted returns adding no value to investors with long positions.

One Month Efficiency

United States Sharpe Ratio = -0.0999
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Estimated Market Risk

 4.24
  actual daily
 
 61 %
of total potential
  

Expected Return

 -0.42
  actual daily
 
 1 %
of total potential
  

Risk-Adjusted Return

 -0.1
  actual daily
 
 1 %
of total potential
  
Based on monthly moving average United States is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of United States by adding it to a well-diversified portfolio.