Defiance Oil Enhanced Etf Performance
| USOY Etf | 14.91 0.06 0.40% |
The etf shows a Beta (market volatility) of -0.0081, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Defiance Oil are expected to decrease at a much lower rate. During the bear market, Defiance Oil is likely to outperform the market.
Risk-Adjusted Performance
7 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Defiance Oil Enhanced are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of fairly weak basic indicators, Defiance Oil may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
1 | Technical Pivots with Risk Controls - Stock Traders Daily | 09/25/2024 |
Defiance |
Defiance Oil Relative Risk vs. Return Landscape
If you would invest 1,377 in Defiance Oil Enhanced on September 2, 2024 and sell it today you would earn a total of 114.00 from holding Defiance Oil Enhanced or generate 8.28% return on investment over 90 days. Defiance Oil Enhanced is currently generating 0.1332% in daily expected returns and assumes 1.3392% risk (volatility on return distribution) over the 90 days horizon. In different words, 11% of etfs are less volatile than Defiance, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Defiance Oil Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Defiance Oil's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Defiance Oil Enhanced, and traders can use it to determine the average amount a Defiance 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 = 0.0995
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | USOY | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.34 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Defiance Oil is performing at about 7% 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 Defiance Oil by adding it to a well-diversified portfolio.
About Defiance Oil Performance
Evaluating Defiance Oil's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Defiance Oil has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Defiance Oil has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Defiance Oil is entity of United States. It is traded as Etf on NASDAQ exchange.