We consider PowerShares not too volatile. PowerShares DB Energy
maintains Sharpe Ratio (i.e. Efficiency) of 0.1639 which implies PowerShares DB Energy
had 0.1639% of return per unit of risk over the last 1 month. Our philosophy towards forecasting volatility of an etf is to use all available market data together with etf specific technical indicators
that cannot be diversified away. We have found twenty-eight technical indicators
for PowerShares DB Energy which you can use to evaluate future volatility of the etf. Please check PowerShares DB Energy Coefficient Of Variation
of 783.64, Semi Deviation
of 0.4629 and Risk Adjusted Performance
of 0.0557 to confirm if risk estimate we provide are consistent with the epected return of 0.1338%. The etf holds Beta of 0.2138 which implies as returns on market increase, PowerShares returns are expected to increase less than the market. However during bear market, the loss on holding PowerShares will be expected to be smaller as well.. Although it is extremely important to respect PowerShares DB Energy
current trending patterns, it is better to be realistic regarding the information on equity existing price patterns
. The philosophy towards forecasting future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By analyzing PowerShares DB Energy technical indicators
you can presently evaluate if the expected return of 0.1338% will be sustainable into the future.
|15 days auto-correlation|| 0.45 |
PowerShares DB Energy ETF has average predictability. Overlapping area represents the amount of predictability between PowerShares time series from August 22, 2018 to September 6, 2018 and September 6, 2018 to September 21, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of PowerShares DB Energy price movement. The serial correlation of 0.45 indicates that just about 45.0% of current PowerShares price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.52|