United States Risk Analysis And Volatility Evaluation

USOU -- USA Etf  

USD 63.24  1.34  2.16%

Macroaxis considers United States not very risky given 1 month investment horizon. United States 3x owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.1318 which indicates United States 3x had 0.1318% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of a etf is to use all available market data together with company specific technical indicators that cannot be diversified away. By inspecting United States 3x technical indicators you can presently evaluate if the expected return of 0.8674% is justified by implied risk. Please operate United States Semi Deviation of 6.33, Coefficient Of Variation of 758.48 and Risk Adjusted Performance of 0.0891 to confirm if our risk estimates are consistent with your expectations.
 Time Horizon     30 Days    Login   to change

United States Market Sensitivity

As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, United States will likely underperform.
One Month Beta |Analyze United States 3x Demand Trend
Check current 30 days United States correlation with market (DOW)
β = 3.0045
United States Large BetaUnited States 3x Beta Legend

United States 3x Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. United States 3x Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Given the investment horizon of 30 days, the etf has beta coefficient of 3.0045 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, United States will likely underperform. Moreover, United States 3x Oil has an alpha of 0.4875 implying that it can potentially generate 0.4875% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Given the investment horizon of 30 days, the coefficient of variation of United States is 758.48. The daily returns are destributed with a variance of 43.29 and standard deviation of 6.58. The mean deviation of United States 3x Oil is currently at 4.39. For similar time horizon, the selected benchmark (DOW) has volatility of 0.61
α
Alpha over DOW
=0.49
β
Beta against DOW=3.00
σ
Overall volatility
=6.58
Ir
Information ratio =0.11

Actual Return Volatility

United States 3x Oil inherits 6.5792% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 0.6307% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

United States Volatility Factors

30 Days Market Risk

Not very risky

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Hypersensitive to market

Investment Outlook

United States Investment Opportunity
United States 3x Oil has a volatility of 6.58 and is 10.44 times more volatile than DOW. 60% of all equities and portfolios are less risky than United States. Compared to the overall equity markets, volatility of historical daily returns of United States 3x Oil is higher than 60 (%) of all global equities and portfolios over the last 30 days. Use United States 3x Oil to enhance returns of your portfolios. The etf experiences unexpected upward trend. Watch out for market signals. Check odds of United States to be traded at $75.89 in 30 days. As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, United States will likely underperform.

United States correlation with market

Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding United States 3x Oil and equity matching DJI index in the same portfolio.
Also please take a look at World Market Map. Please also try Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.