United States Technical Analysis

United States 3x Oil Fund -- USA Etf  

USD 54.13  0.0009  0.0017%

United States 3x Oil Fund has Coefficient Of Variation of 222.03 and Risk Adjusted Performance of 0.1839. In relation to Fundamental Indicators, Macroaxis technical analysis interface makes it possible for you to check existing technical drivers of United States 3x as well as the relationship between them. In other words you can use this information to find out if the etf will indeed mirror its model of past prices and volume data or the prices will eventually revert. We found nineteen technical drivers for United States 3x Oil Fund which can be compared to its competition. Please validate United States 3x Coefficient Of Variation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Skewness to decide if United States is priced more or less accurately providing market reflects its prevalent price of 54.13 per share.
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United States 3x Technical Analysis

Time Period
  Portfolio Optimization    
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The output start index for this execution was six with a total number of output elements of eleven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of United States 3x volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

United States 3x Trend Analysis

Use this graph to draw trend lines for United States 3x Oil Fund. You can use it to identify possible trend reversals for United States as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual United States price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

United States Best Fit Change Line

The following chart estimates an ordinary least squares regression model for United States 3x Oil Fund applied against its price change over selected period. The best fit line has a slop of 1.09 % which means United States 3x Oil Fund will continue generating value for investors. It has 34 observation points and a regression sum of squares at 964.92, which is the sum of squared deviations for the predicted United States price change compared to its average price change.

Current Sentiment - USOU

United States 3x Investor Sentiment
Macroaxis portfolio users are unemotional in their outlook on investing in United States 3x Oil Fund. What is your outlook on investing in United States 3x Oil Fund? Are you bullish or bearish?
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United States 3x Oil Fund is rated first in mean deviation as compared to similar ETFs. It is currently under evaluation in standard deviation as compared to similar ETFs creating about  1.44  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for United States 3x Oil Fund is roughly  1.44