Us Global Jets Etf Volatility
| JETS Etf | USD 20.41 0.28 1.39% |
We consider US Global very steady. US Global Jets retains Efficiency (Sharpe Ratio) of 0.13, which indicates the etf had a 0.13% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for US Global, which you can use to evaluate the volatility of the etf. Please validate US Global's Mean Deviation of 1.03, risk adjusted performance of 0.0892, and Downside Deviation of 1.27 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Key indicators related to US Global's volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
US Global Etf volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of JETS daily returns, and it is calculated using variance and standard deviation. We also use JETS's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of US Global volatility.
JETS |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as US Global can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of US Global at lower prices. For example, an investor can purchase JETS stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of US Global's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.
Moving together with JETS Etf
| 0.82 | XLI | Industrial Select Sector | PairCorr |
| 0.85 | ITA | iShares Aerospace Defense | PairCorr |
| 0.83 | VIS | Vanguard Industrials | PairCorr |
| 0.8 | FXR | First Trust Industri | PairCorr |
| 0.82 | PPA | Invesco Aerospace Defense | PairCorr |
| 0.83 | IYJ | iShares Industrials ETF | PairCorr |
| 0.86 | IYT | iShares Transportation | PairCorr |
| 0.83 | FIDU | Fidelity MSCI Industrials | PairCorr |
US Global Market Sensitivity And Downside Risk
US Global's beta coefficient measures the volatility of JETS etf compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents JETS etf's returns against your selected market. In other words, US Global's beta of 0.13 provides an investor with an approximation of how much risk US Global etf can potentially add to one of your existing portfolios. US Global Jets has relatively low volatility with skewness of 0.47 and kurtosis of 0.75. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure US Global's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact US Global's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze US Global Jets Demand TrendCheck current 90 days US Global correlation with market (NYSE Composite)JETS Beta |
JETS standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 1.34 |
It is essential to understand the difference between upside risk (as represented by US Global's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of US Global's daily returns or price. Since the actual investment returns on holding a position in jets etf tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in US Global.
Using JETS Put Option to Manage Risk
Put options written on US Global grant holders of the option the right to sell a specified amount of US Global at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of JETS Etf cannot fall below zero, the put buyer does gain as the price drops. So, one way investors can hedge US Global's position is by buying a put option against it. The put option used this way is usually referred to as insurance. If an undesired outcome occurs and loss on holding US Global will be realized, the loss incurred will be offset by the profits made with the option trade.
US Global's PUT expiring on 2024-04-19
Profit |
| US Global Price At Expiration |
Current US Global Insurance Chain
| Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Put | 2024-04-19 PUT at $21.5 | -0.8707 | 0.1872 | 21 | 2024-04-19 | 1.25 - 1.63 | 1.75 | View |
Put | 2024-04-19 PUT at $21.0 | -0.7611 | 0.2697 | 323 | 2024-04-19 | 0.79 - 1.26 | 1.66 | View |
Put | 2024-04-19 PUT at $20.5 | -0.7816 | 0.6392 | 1302 | 2024-04-19 | 0.4 - 0.45 | 1.15 | View |
Put | 2024-04-19 PUT at $20.0 | -0.3853 | 0.8052 | 7686 | 2024-04-19 | 0.12 - 0.14 | 0.13 | View |
Put | 2024-04-19 PUT at $19.5 | -0.1335 | 0.3672 | 1383 | 2024-04-19 | 0.02 - 0.04 | 0.04 | View |
Put | 2024-04-19 PUT at $19.0 | -0.0602 | 0.1572 | 4742 | 2024-04-19 | 0.0 - 0.05 | 0.02 | View |
Put | 2024-04-19 PUT at $18.5 | -0.0283 | 0.0717 | 230 | 2024-04-19 | 0.0 - 0.01 | 0.01 | View |
Put | 2024-04-19 PUT at $18.0 | -0.0229 | 0.0474 | 3120 | 2024-04-19 | 0.0 - 0.03 | 0.01 | View |
US Global Jets Etf Volatility Analysis
Volatility refers to the frequency at which US Global etf price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with US Global's price changes. Investors will then calculate the volatility of US Global's etf to predict their future moves. A etf that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A etf with relatively stable price changes has low volatility. A highly volatile etf is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of US Global's volatility:
Historical Volatility
This type of etf volatility measures US Global's fluctuations based on previous trends. It's commonly used to predict US Global's future behavior based on its past. However, it cannot conclusively determine the future direction of the etf.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for US Global's current market price. This means that the etf will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on US Global's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. US Global Jets 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.
US Global Projected Return Density Against Market
Given the investment horizon of 90 days US Global has a beta of 0.1266 . This indicates as returns on the market go up, US Global average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding US Global Jets will be expected to be much smaller as well.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to US Global or U.S. Global Investors sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that US Global's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a JETS etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
US Global Jets has an alpha of 0.1721, implying that it can generate a 0.17 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives an US Global Price Volatility?
Several factors can influence a etf's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.US Global Etf Risk Measures
Given the investment horizon of 90 days the coefficient of variation of US Global is 769.43. The daily returns are distributed with a variance of 1.8 and standard deviation of 1.34. The mean deviation of US Global Jets is currently at 0.97. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.63
α | Alpha over NYSE Composite | 0.17 | |
β | Beta against NYSE Composite | 0.13 | |
σ | Overall volatility | 1.34 | |
Ir | Information ratio | 0.09 |
US Global Etf Return Volatility
US Global historical daily return volatility represents how much of US Global etf's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The exchange-traded fund inherits 1.34% risk (volatility on return distribution) over the 90 days horizon. By contrast, NYSE Composite accepts 0.6171% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About US Global Volatility
Volatility is a rate at which the price of US Global or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of US Global may increase or decrease. In other words, similar to JETS's beta indicator, it measures the risk of US Global and helps estimate the fluctuations that may happen in a short period of time. So if prices of US Global fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.The fund uses a passive management approach to track the performance, before fees and expenses, of the index. US Global is traded on NYSEARCA Exchange in the United States.
US Global's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on JETS Etf over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much US Global's price varies over time.
3 ways to utilize US Global's volatility to invest better
Higher US Global's etf volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of US Global Jets etf is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. US Global Jets etf volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of US Global Jets investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in US Global's etf can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of US Global's etf relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
US Global Investment Opportunity
US Global Jets has a volatility of 1.34 and is 2.16 times more volatile than NYSE Composite. Compared to the overall equity markets, volatility of historical daily returns of US Global Jets is lower than 11 percent of all global equities and portfolios over the last 90 days. You can use US Global Jets to enhance the returns of your portfolios. The etf experiences a large bullish trend. Check odds of US Global to be traded at $22.45 in 90 days.Significant diversification
The correlation between US Global Jets and NYA is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding US Global Jets and NYA in the same portfolio, assuming nothing else is changed.
US Global Additional Risk Indicators
The analysis of US Global's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in US Global's investment and either accepting that risk or mitigating it. Along with some common measures of US Global etf's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.0892 | |||
| Market Risk Adjusted Performance | 1.41 | |||
| Mean Deviation | 1.03 | |||
| Semi Deviation | 1.06 | |||
| Downside Deviation | 1.27 | |||
| Coefficient Of Variation | 753.78 | |||
| Standard Deviation | 1.42 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential etfs, we recommend comparing similar etfs with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
US Global Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against US Global as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. US Global's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, US Global's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to US Global Jets.
When determining whether US Global Jets is a strong investment it is important to analyze US Global's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact US Global's future performance. For an informed investment choice regarding JETS Etf, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in US Global Jets. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
The market value of US Global Jets is measured differently than its book value, which is the value of JETS that is recorded on the company's balance sheet. Investors also form their own opinion of US Global's value that differs from its market value or its book value, called intrinsic value, which is US Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because US Global's market value can be influenced by many factors that don't directly affect US Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between US Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if US Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, US Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.