Macroaxis considers United States not very volatile given 1 month investment horizon. United States 3x owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.095 which indicates United States 3x had 0.095% 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. We have found twenty-eight technical indicators for United States 3x Oil Fund which you can use to evaluate future volatility of the etf. Please operate United States Semi Deviation of 3.35, Coefficient Of Variation of 917.75 and Risk Adjusted Performance of 0.0344 to confirm if our risk estimates are consistent with your expectations.
|Investment Horizon||30 Days Login to change|
United States Market Sensitivity
|As returns on market increase, returns on owning United States are expected to decrease by larger amounts. On the other hand, during market turmoil, United States is expected to significantly outperform it.One Month Beta |Analyze United States 3x Demand TrendCheck current 30 days United States correlation with market (DOW)|
β = -2.8954
Projected Return Density Against MarketGiven the investment horizon of 30 days, United States 3x Oil Fund has beta of -2.8954 . This entails as returns on its benchmark rise, returns on holding United States 3x Oil Fund are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, United States is expected to outperform its benchmark. Moreover, United States 3x Oil Fund has an alpha of 0.8019 implying that it can potentially generate 0.8019% excess return over DOW after adjusting for the inherited market risk (beta).
Given the investment horizon of 30 days, the coefficient of variation of United States is 1052.51. The daily returns are destributed with a variance of 17.45 and standard deviation of 4.18. The mean deviation of United States 3x Oil Fund is currently at 3.06. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23