United States Performance

United States 3x Oil Fund -- USA Etf  

USD 37.47  0.38  1.02%

The entity has beta of -0.7065 which indicates 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.. 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 0.2801% will be sustainable into the future.
Investment Horizon     30 Days    Login   to change

United States 3x Relative Risk vs. Return Landscape

If you would invest  3,580  in United States 3x Oil Fund on November 14, 2017 and sell it today you would earn a total of  167  from holding United States 3x Oil Fund or generate 4.66% return on investment over 30 days. United States 3x Oil Fund is currenly generating 0.2801% of daily expected returns and assumes 3.899% risk (volatility on return distribution) over the 30 days horizon. In different words, 36% of equities are less volatile than United States 3x Oil Fund and 95% 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 7.94 times more return on investment than the market. However, the company is 7.94 times more volatile than its market benchmark. It trades about 0.07 of its potential returns per unit of risk. The DOW is currently generating roughly 0.46 per unit of risk.

United States Daily Price Distribution

The median price of United States for the period between Tue, Nov 14, 2017 and Thu, Dec 14, 2017 is 38.5 with a coefficient of variation of 4.72. The daily time series for the period is distributed with a sample standard deviation of 1.81, arithmetic mean of 38.32, and mean deviation of 1.44. The Etf received some media coverage during the period.

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in United States 3x Oil Fund are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.

One Month Efficiency

United States Sharpe Ratio = 0.0718
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Estimated Market Risk

  actual daily
 64 %
of total potential

Expected Return

  actual daily
 5 %
of total potential

Risk-Adjusted Return

  actual daily
 4 %
of total potential
Based on monthly moving average United States is performing at about 4% 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.