United States Oil Etf Price on October 31, 2024
| USO Etf | USD 73.20 1.18 1.64% |
Below is the normalized historical share price chart for United States Oil extending back to April 10, 2006. 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 73.20, as last reported on the 22nd of November, with the highest price reaching 73.26 and the lowest price hitting 72.39 during the day.
If you're considering investing in United Etf, it is important to understand the factors that can impact its price. United States Oil owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0335, which indicates the etf had a -0.0335% return per unit of risk over the last 3 months. United States Oil exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate United States' Risk Adjusted Performance of 0.0191, semi deviation of 2.3, and Coefficient Of Variation of 6045.05 to confirm the risk estimate we provide.
United Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 26.32 | 200 Day MA 75.4643 | 1 y Volatility 18.11 | 50 Day MA 72.744 | Inception Date 2006-04-10 |
United |
Sharpe Ratio = -0.0335
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | USO |
Estimated Market Risk
| 2.17 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average United States is not performing at its full potential. However, 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 United States to a well-diversified portfolio.
Average Mkt Cap Mil USDÂ - | Market Capitalisation {Big=-, Small=-, Mega=-, Medium=-, Micro=-} |
United States Valuation on October 31, 2024
It is possible to determine the worth of United States on a given historical date. On October 31, 2024 United was worth 71.81 at the beginning of the trading date compared to the closed value of 73.08. 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 | |
| 70.67 | 71.63 | 70.36 | 71.36 | 3,921,446 | |
10/31/2024 | 71.81 | 73.35 | 71.44 | 73.08 | 9,057,201 |
| 73.63 | 73.80 | 71.96 | 72.02 | 4,460,552 |
| Backtest United States | | | United States History | | | United States Valuation | Previous | Next |
United States Trading Date Momentum on October 31, 2024
| On November 01 2024 United States Oil was traded for 72.02 at the closing time. Highest United States's price during the trading hours was 73.80 and the lowest price during the day was 71.96 . The net volume was 4.5 M. The overall trading history on the 1st of November contributed to the next trading period price depreciation. The trading price change to the next next day price was 1.45% . The trading price change to current price is 2.56% . |
United States Oil 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 Oil 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
USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels. US Oil 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 | November 22, 2024
| High |
0.00 | 0.00 |
United States Oil 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 November 22, 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 Oil 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 | 0.0191 | |||
| Jensen Alpha | 0.024 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 1.13 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United States Oil. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of United States Oil 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.