|United States 3x Oil -- USA Etf|| |
USD 48.65 0.0033 0.0068%
The entity has beta of 0.0945 which indicates as returns on market increase, United States returns are expected to increase less than the market. However during bear market, the loss on holding United States will be expected to be smaller as well.. Although it is extremely important to respect United States 3x
current price movements, it is better to be realistic regarding the information on 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 0.2263% will be sustainable into the future.
United States 3x Relative Risk vs. Return Landscape
If you would invest 4,787
in United States 3x Oil on February 18, 2018
and sell it today you would earn a total of 78.01
from holding United States 3x Oil or generate 1.63%
return on investment over 30
days. United States 3x Oil is currenly generating 0.2263% of daily expected returns and assumes 5.4607% risk (volatility on return distribution) over the 30 days horizon. In different words, 50% of equities are less volatile than United States 3x Oil and 96% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
Daily Expected Return (%)
Given the investment horizon of 30 days, United States 3x Oil is expected to generate 5.84 times more return on investment than the market. However, the company is 5.84 times more volatile than its market benchmark. It trades about 0.04 of its potential returns per unit of risk. The DOW is currently generating roughly 0.0 per unit of risk.
United States Daily Price Distribution
The median price of United States for the period between Sun, Feb 18, 2018 and Tue, Mar 20, 2018 is 47.98 with a coefficient of variation of 4.97. The daily time series for the period is distributed with a sample standard deviation of 2.38, arithmetic mean of 47.94, and mean deviation of 1.92. The Etf received some media coverage during the period.