(UNG) United States Natural Gas - Ratings and Ratios

The United States Natural Gas Fund LP (NYSE ARCA:UNG) is an exchange-traded fund that primarily invests in futures contracts for natural gas traded on various exchanges, including the NYMEX and ICE Futures. The funds Benchmark Futures Contract is the near-month contract to expire on the New York Mercantile Exchange, unless its within two weeks of expiration.

As a commodities-focused ETF, UNG provides investors with exposure to the natural gas market. To evaluate its performance, we can consider key metrics such as the funds ability to track the underlying commodity price, its liquidity, and its expense ratio. With an AUM of $363.93M USD, UNG has a significant presence in the market.

From a technical analysis perspective, we can observe that UNG has key support and resistance levels. The fund is currently trading at $14.83, which is near the support level of $14.2. The short-term moving averages (SMA20: $16.17, SMA50: $16.71) indicate a downward trend, suggesting that the fund may continue to face pressure. To gauge the funds volatility, we can look at its Average True Range (ATR), which is currently at 4.59%. This indicates a moderate level of volatility.

To further assess UNGs performance, we can examine its tracking error, which measures the funds ability to follow the underlying commodity price. A lower tracking error indicates that the fund is more effective at mirroring the commodity price. Additionally, we can evaluate the funds liquidity by examining its trading volume and bid-ask spread. A liquid fund with a tight bid-ask spread can reduce trading costs and minimize the risk of large price movements.

In terms of key performance indicators (KPIs), we can monitor UNGs returns relative to the underlying commodity price, its Sharpe ratio, and its information ratio. These metrics can provide insights into the funds risk-adjusted performance and its ability to generate returns relative to the broader market. By analyzing these KPIs, investors can make more informed decisions about their investment in UNG.