United States Performance

United States 3x Oil Fund -- USA Etf  

USD 29.02  1.12  3.72%

The entity has beta of -10.7741 which indicates as returns on market increase, returns on owning United States are expected to decrease by larger amounts. On the other hand, during market turmoil, United States is expected to significantly outperform it.. Although it is vital to follow to United States 3x current price movements, it is good to be conservative about what you can actually do with the information regarding 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 3x technical indicators you can presently evaluate if the expected return of 0.3399% will be sustainable into the future.
Investment Horizon     30 Days    Login   to change

Relative Risk vs. Return Landscape

If you would invest  2,735  in United States 3x Oil Fund on September 19, 2017 and sell it today you would earn a total of  167  from holding United States 3x Oil Fund or generate 6.11% return on investment over 30 days. United States 3x Oil Fund is currenly generating 0.3399% of daily expected returns and assumes 4.1418% 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 94% 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 generate 17.98 times more return on investment than the market. However, the company is 17.98 times more volatile than its market benchmark. It trades about 0.08 of its potential returns per unit of risk. The DOW is currently generating roughly 0.55 per unit of risk.

United States Daily Price Distribution

The median price of United States for the period between Tue, Sep 19, 2017 and Thu, Oct 19, 2017 is 28.5 with a coefficient of variation of 5.21. The daily time series for the period is distributed with a sample standard deviation of 1.5, arithmetic mean of 28.86, and mean deviation of 1.27. The Etf received some media coverage during the period.
5 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in United States 3x Oil Fund are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.

One Month Efficiency

United States Sharpe Ratio = 0.0821
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Estimated Market Risk

 4.14
  actual daily
 
 61 %
of total potential
  

Expected Return

 0.34
  actual daily
 
 6 %
of total potential
  

Risk-Adjusted Return

 0.08
  actual daily
 
 5 %
of total potential
  
Based on monthly moving average United States is performing at about 5% 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.