VOL. I · NO. 119 · standardpoorly.comWED · JUN 03 · 2026FORWARD HORIZON · 1 d / 1 wk / 1 mo / 3 mo
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StandardequitiesSP-2485

UNG Natural Gas ETF

United States Natural Gas Fund — tracks Henry Hub. Tradable natgas proxy.

the verdict —
At the 252d horizon, this signal hits in the predicted direction 47% of fires. Mean SPY forward return when it lights: -1.45%. Status: OOS validated. n = 4553. Bearish on the underlying when fired.

Current state

Latest value · 2026-06-01
11.5
vs ~6 weeks ago
6.5%
vs 60 days ago
4.2%
vs 7 days ago
0.4%
last 90 observations · 2026-01-22 2026-06-01

The series — full history

Daily readings, every reading we have. Pick a window with the time-period buttons; flip to candles via the global toggle in the masthead (or press C). Toggle the SPY overlay to see how this series and the S&P 500 have moved together.

UNG Natural Gas ETF
11.54 -4.17 (-26.54%) over 1Y
Hover for date + value · Toggle SPY to compare relative move · Switch to Candle for OHLC view
18.4016.2614.1111.979.83May 25Aug 25Nov 25Mar 26Jun 26
2025-05-30 → 2026-06-01 · 252 bars

What it has historically predicted

Historically barely better than chance over the next year. We surface this for transparency, not because we'd trade on it.

50%
+0.00%
1 d
52%
−0.12%
1 wk
52%
−0.43%
1 mo
49%
−0.29%
3 mo
52%
−0.80%
6 mo
53%
−1.5%
1 yr

Beyond SPY — how this signal performs across markets

Same fire days, different forward returns. Each row asks: when this signal fires, what does that asset do? The big number is the average return; underneath is how often the asset moved the same direction as the signal (50% would be a coin flip).

target
1 d
1 wk
1 mo
3 mo
6 mo
1 yr
SPY
S&P 500 ETF
n=4,553
+0.00%
50% same direction
-0.12%
48% same direction
-0.43%
48% same direction
-0.29%
49% same direction
-0.80%
48% same direction
-1.5%
47% same direction
BTC
bitcoin
n=2,854
-0.09%
49% same direction
-0.58%
48% same direction
-2.1%
46% same direction
-2.0%
47% same direction
-3.4%
45% same direction
-0.58%
47% same direction
Analyst · 6 moreWTI · Gold · Copper · DXY · MOVE · VNQ see the full 8-target matrix with bootstrap confidence intervals.Join waitlist →

Each fire in history — when the signal popped, what SPY did next

Each bar is one historical fire — the indicator's value moved 2.5+ standard deviations from its rolling 180 trading-day mean (~9 months), or for monotonic “days since” indicators, crossed an 80th/90th/95th/99th percentile. Bar height = SPY's forward return at the selected horizon, signed by signal direction. Green above zero means the market moved with the signal; red below zero means it moved against.

horizon:
0 fires · 0% positive · avg +0.00%
⚠ This indicator hasn't fired since 2025-03-11 (449 calendar days ago). Currently quiet — chart shows historical fires only.
−5.0%−2.5%0%+2.5%+5.0%
Each bar = one fire day (|z|≥2.5 from 180-day rolling baseline). Bar height = SPY return over the the next year, signed by signal direction. Dashed line = average across fires.
shaded cell = each row's strongest horizon (green = bullish forward return, red = bearish)“same direction” means the asset moved the same way the signal moved — opposite of a coin flip.
Analyst · previewYou're seeing the public read on this signal. Analyst unlocks the full multi-year track record + bootstrap confidence intervals + an alert when this indicator fires. Trader adds the walk-forward backtest + intraday refresh + the API / MCP to pull this signal into Claude.Compare tiers →