United States Gasoline Etf Price on May 28, 2024
| UGA Etf | USD 61.25 0.12 0.20% |
Below is the normalized historical share price chart for United States Gasoline extending back to February 27, 2008. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of United States stands at 61.25, as last reported on the 11th of December 2024, with the highest price reaching 61.25 and the lowest price hitting 61.13 during the day.
If you're considering investing in United Etf, it is important to understand the factors that can impact its price. At this point, United States is very steady. United States Gasoline owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0581, which indicates the etf had a 0.0581% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for United States Gasoline, which you can use to evaluate the volatility of the etf. Please validate United States' Semi Deviation of 1.67, coefficient of variation of 1562.45, and Risk Adjusted Performance of 0.0524 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%.
United Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 28.02 | 200 Day MA 65.1626 | 1 y Volatility 18.51 | 50 Day MA 61.7272 | Inception Date 2008-02-26 |
United |
Sharpe Ratio = 0.0581
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Estimated Market Risk
| 1.88 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average United States is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of United States by adding it to a well-diversified portfolio.
Average Mkt Cap Mil USDÂ - | Market Capitalisation {Big=-, Small=-, Mega=-, Medium=-, Micro=-} |
United States Valuation on May 28, 2024
It is possible to determine the worth of United States on a given historical date. On May 28, 2024 United was worth 66.88 at the beginning of the trading date compared to the closed value of 67.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of United States etf. Still, in general, we apply an absolute valuation method to find United States' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of United States where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against United States' related companies.
| Open | High | Low | Close | Volume | |
| 65.59 | 66.41 | 65.59 | 66.22 | 16,300 | |
05/28/2024 | 66.88 | 67.28 | 66.64 | 67.16 | 19,700 |
| 66.97 | 66.97 | 65.64 | 65.67 | 7,500 |
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United States Trading Date Momentum on May 28, 2024
| On May 29 2024 United States Gasoline was traded for 65.67 at the closing time. Highest United States's price during the trading hours was 66.97 and the lowest price during the day was 65.64 . The net volume was 7.5 K. The overall trading history on the 29th of May contributed to the next trading period price depreciation. The trading price change to the next next day price was 2.22% . The trading price change to current price is 4.62% . |
United States Gasoline Fundamentals Correlations and Trends
By evaluating United States' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among United States' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. United financial account trend analysis is a perfect complement when working with valuation or volatility modules.About United States Etf history
United States investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for United is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in United States Gasoline will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing United States stock prices may prove useful in developing a viable investing in United States
The fund invests in futures contracts for gasoline, other types of gasoline, crude oil, diesel-heating oil, natural gas and other petroleum-based fuels. US Gasoline is traded on NYSEARCA Exchange in the United States.
United States Etf Technical Analysis
United States technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
United States Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
United States Gasoline cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
United States December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how United States etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading United States shares will generate the highest return on investment. By undertsting and applying United States etf market strength indicators, traders can identify United States Gasoline entry and exit signals to maximize returns
United States Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for United States' price direction in advance. Along with the technical and fundamental analysis of United Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of United to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0524 | |||
| Jensen Alpha | 0.163 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.24) |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United States Gasoline. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
The market value of United States Gasoline is measured differently than its book value, which is the value of United that is recorded on the company's balance sheet. Investors also form their own opinion of United States' value that differs from its market value or its book value, called intrinsic value, which is United States' 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 United States' market value can be influenced by many factors that don't directly affect United States' 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 United States' value and its price as these two are different measures arrived at by different means. Investors typically determine if United States is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United States' 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.