|USOU -- USA Etf|| |
USD 63.24 1.34 2.16%
The entity has beta of 2.9264 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.. 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. Macroaxis philosophy towards measuring future performance of any etf is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators
. To evaluate if United States 3x Oil expected return of 1.0235 will be sustainable into the future, we have found twenty-one different technical indicators
which can help you to check if the expected returns are sustainable.