PowerShares DB Energy Backtested Returns
Macroaxis considers PowerShares DB to be not too volatile. PowerShares DB Energy
maintains Sharpe Ratio (i.e. Efficiency) of -0.2106 which implies PowerShares DB Energy
had -0.2106% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. PowerShares DB Energy exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check PowerShares DB Energy Coefficient Of Variation
of 585.87 and Risk Adjusted Performance of 0.30 to confirm risk estimate we provide. The etf holds Beta of 0.2547 which implies as returns on market increase, PowerShares DB returns are expected to increase less than the market. However during bear market, the loss on holding PowerShares DB will be expected to be smaller as well.. Even though it is essential to pay attention to PowerShares DB Energy current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis philosophy towards forecasting future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. PowerShares DB Energy exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.83) |
Excellent reverse predictability
PowerShares DB Energy ETF has excellent reverse predictability. Overlapping area represents the amount of predictability between PowerShares DB time series from January 24, 2018 to February 8, 2018 and February 8, 2018 to February 23, 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 -0.83 indicates that around 83.0% of current PowerShares DB price fluctuation can be explain by its past prices. Given that PowerShares DB Energy ETF has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of PowerShares DB for similar time interval.
|Correlation Coefficient|| -0.83|
|Spearman Rank Test|| -0.75|
|Price Variance|| 0.07|
|Lagged Price Variance|| 0.1|
PowerShares DB Lagged Returns