US GASOLINE (Mexico) Market Value
| UGA Etf | MXN 533.00 0.00 0.00% |
| Symbol | UGA |
Please note, there is a significant difference between US GASOLINE's value and its price as these two are different measures arrived at by different means. Investors typically determine if US GASOLINE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, US GASOLINE'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.
US GASOLINE 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to US GASOLINE's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of US GASOLINE.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in US GASOLINE on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding US GASOLINE FUND or generate 0.0% return on investment in US GASOLINE over 30 days. US GASOLINE is related to or competes with IShares Trust, Vanguard Specialized, First Trust, IShares Trust, Select Sector, and IShares Trust. More
US GASOLINE Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure US GASOLINE's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess US GASOLINE FUND upside and downside potential and time the market with a certain degree of confidence.
US GASOLINE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for US GASOLINE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as US GASOLINE's standard deviation. In reality, there are many statistical measures that can use US GASOLINE historical prices to predict the future US GASOLINE's volatility.US GASOLINE FUND Backtested Returns
We have found three technical indicators for US GASOLINE, which you can use to evaluate the volatility of the etf. The entity owns a Beta (Systematic Risk) of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and US GASOLINE are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
US GASOLINE FUND has no correlation between past and present. Overlapping area represents the amount of predictability between US GASOLINE time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of US GASOLINE FUND price movement. The serial correlation of 0.0 indicates that just 0.0% of current US GASOLINE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
US GASOLINE FUND lagged returns against current returns
Autocorrelation, which is US GASOLINE etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting US GASOLINE's etf expected returns. We can calculate the autocorrelation of US GASOLINE returns to help us make a trade decision. For example, suppose you find that US GASOLINE has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
US GASOLINE regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If US GASOLINE etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if US GASOLINE etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in US GASOLINE etf over time.
Current vs Lagged Prices |
| Timeline |
US GASOLINE Lagged Returns
When evaluating US GASOLINE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of US GASOLINE etf have on its future price. US GASOLINE autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, US GASOLINE autocorrelation shows the relationship between US GASOLINE etf current value and its past values and can show if there is a momentum factor associated with investing in US GASOLINE FUND.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in UGA Etf
US GASOLINE financial ratios help investors to determine whether UGA Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in UGA with respect to the benefits of owning US GASOLINE security.