OOO
Click for more information
2.81% $19.36 betashares crude oil index etf-currency hedged (synthetic)

Correlation with oil price futures??????, page-106

  1. stuckinhouse
    106 Posts.
    lightbulb Created with Sketch. 60
    clock Created with Sketch.
    05/05/20
    17:02
    Post #: 44447120
    I made this graph to show how the OOO fund has failed to track WTI crude spot prices over time.

    Methodology: Time series data collected for OOO (AUD), WTI (USD) and USD/AUD exchange rates. OOO converted to USD, then divided by WTI price, then normalised by the series start date and expressed as a percentage.


    https://hotcopper.com.au/data/attachments/2138/2138265-5a9f82dcd3c95341788d628eef0c788a.jpg

    Conclusion: Holding OOO long term tends to destroy wealth due to the effects of contango.
    OOO Price at posting: $19.36 Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch. 1  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Buying smarter as baby boomers get boost
right-arrow Created with Sketch.
TLX Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
right-arrow Created with Sketch.
IMM Immutep reports strong response rate from immunotherapies treating carcinomas
right-arrow Created with Sketch.
NEWS Hillcrest Energy Unveils Power Factor Correction Prototype to Meet Growing Demand
right-arrow Created with Sketch.
AUG Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree
right-arrow Created with Sketch.
BHP BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning
right-arrow Created with Sketch.
watchlist Created with Sketch. Add OOO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.