PowerShares Backtesting

DBE -- USA Etf  

USD 17.24  0.02  0.12%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of PowerShares DB Energy ETF and determine expected loss or profit from investing in PowerShares over given investment horizon. Additionally see PowerShares Hype Analysis, PowerShares Correlation, Portfolio Optimization, PowerShares Volatility as well as analyze PowerShares Alpha and Beta and PowerShares Performance.
Horizon     30 Days    Login   to change

PowerShares 'What if' Analysis

August 22, 2018
No Change 0.00  0.0%
In 31 days
September 21, 2018
If you would invest  0.00  in PowerShares on August 22, 2018 and sell it all today you would earn a total of 0.00 from holding PowerShares DB Energy ETF or generate 0.0% return on investment in PowerShares over 30 days. PowerShares is related to or competes with United States, iPath B, United States, ELEMENTS Rogers, First Trust, HP, and United Technologies. The investment seeks to track the DBIQ Optimum Yield Energy Index Excess Return , which is intended to reflect the energ...

PowerShares Upside/Downside Indicators

Downside Deviation0.7586
Information Ratio0.0057
Maximum Drawdown3.45
Value At Risk0.85
Potential Upside1.6

PowerShares Market Premium Indicators

Risk Adjusted Performance0.0557
Jensen Alpha0.0774
Total Risk Alpha0.1
Sortino Ratio0.0063
Treynor Ratio0.4545

PowerShares DB Energy Backtested Returns

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.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.45 

Average predictability

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.
Correlation Coefficient0.45
Spearman Rank Test0.52
Residual Average0.0
Price Variance0.03

PowerShares DB Energy lagged returns against current returns

 Current and Lagged Values 

PowerShares regressed lagged prices vs. current prices

 Current vs Lagged Prices 

PowerShares Lagged Returns

 Regressed Prices 

Current Sentiment - DBE

PowerShares DB Energy Investor Sentiment

Greater number of Macroaxis users are currently bullish on PowerShares DB Energy ETF. What is your perspective on investing in PowerShares DB Energy ETF? Are you bullish or bearish?
98% Bullish
2% Bearish

PowerShares Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for PowerShares and United States Oil. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Additionally see PowerShares Hype Analysis, PowerShares Correlation, Portfolio Optimization, PowerShares Volatility as well as analyze PowerShares Alpha and Beta and PowerShares Performance. Please also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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