Heating Oil Commodity Performance
| HOUSD Commodity | 2.24 0.05 2.18% |
The commodity retains a Market Volatility (i.e., Beta) of -0.0396, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Heating Oil are expected to decrease at a much lower rate. During the bear market, Heating Oil is likely to outperform the market.
Risk-Adjusted Performance
Insignificant
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Compared to the overall equity markets, risk-adjusted returns on investments in Heating Oil are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound basic indicators, Heating Oil is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
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Heating Oil Relative Risk vs. Return Landscape
If you would invest 213.00 in Heating Oil on December 6, 2024 and sell it today you would earn a total of 11.00 from holding Heating Oil or generate 5.16% return on investment over 90 days. Heating Oil is currently producing 0.0924% returns and takes up 1.5931% volatility of returns over 90 trading days. Put another way, 14% of traded commoditys are less volatile than Heating, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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Heating Oil Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heating Oil's investment risk. Standard deviation is the most common way to measure market volatility of commoditys, such as Heating Oil, and traders can use it to determine the average amount a Heating Oil's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.058
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Estimated Market Risk
| 1.59 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Heating Oil 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 Heating Oil by adding it to a well-diversified portfolio.