United States Oil Etf Fundamentals
| USO Etf | USD 74.25 1.05 1.43% |
United States Oil fundamentals help investors to digest information that contributes to United States' financial success or failures. It also enables traders to predict the movement of United Etf. The fundamental analysis module provides a way to measure United States' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to United States etf.
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United States Oil ETF Price To Earning Analysis
United States' Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current United States Price To Earning | 21.25 X |
Most of United States' fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, United States Oil is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Based on the latest financial disclosure, United States Oil has a Price To Earning of 21.25 times. This is 379.68% higher than that of the USCF Investments family and significantly higher than that of the Commodities Focused category. The price to earning for all United States etfs is notably lower than that of the firm.
United States Oil Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining United States's current stock value. Our valuation model uses many indicators to compare United States value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across United States competition to find correlations between indicators driving United States's intrinsic value. More Info.United States Oil is rated first in price to earning as compared to similar ETFs. It is rated first in price to book as compared to similar ETFs fabricating about 0.03 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for United States Oil is roughly 31.25 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the United States' earnings, one of the primary drivers of an investment's value.United Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses United States' direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of United States could also be used in its relative valuation, which is a method of valuing United States by comparing valuation metrics of similar companies.United States is currently under evaluation in price to earning as compared to similar ETFs.
United Fundamentals
| Return On Asset | -0.47 | |||
| Profit Margin | 1.01 % | |||
| Operating Margin | 1.01 % | |||
| Current Valuation | (359.22 M) | |||
| Shares Outstanding | 162.41 M | |||
| Price To Earning | 21.25 X | |||
| Price To Book | 0.68 X | |||
| Price To Sales | (1.41) X | |||
| Revenue | (1.27 B) | |||
| Gross Profit | (1.27 B) | |||
| EBITDA | (1.29 B) | |||
| Net Income | (1.29 B) | |||
| Cash And Equivalents | 3.28 B | |||
| Cash Per Share | (9.81) X | |||
| Debt To Equity | 0.02 % | |||
| Cash Flow From Operations | (1.59 B) | |||
| Earnings Per Share | 2.07 X | |||
| Number Of Employees | 10 | |||
| Beta | 1.16 | |||
| Market Capitalization | 8.36 B | |||
| Total Asset | 2.1 B | |||
| One Year Return | 3.60 % | |||
| Three Year Return | 10.80 % | |||
| Five Year Return | (5.10) % | |||
| Ten Year Return | (10.80) % | |||
| Net Asset | 2.1 B |
About United States Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze United States Oil's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of United States using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of United States Oil based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.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.
Pair Trading with United States
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if United States position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in United States will appreciate offsetting losses from the drop in the long position's value.Moving against United Etf
The ability to find closely correlated positions to United States could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United States when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back United States - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling United States Oil to buy it.
The correlation of United States is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as United States moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if United States Oil moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for United States can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out United States Piotroski F Score and United States Altman Z Score analysis. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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.