PowerShares DB Backtesting

PowerShares DB Oil ETF -- USA Etf  

USD 9.66  0.14  1.43%

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

PowerShares DB 'What if' Analysis

November 13, 2017
No Change 0.00  0.0%
In 31 days
December 13, 2017
If you would invest  0.00  in PowerShares DB on November 13, 2017 and sell it all today you would earn a total of 0.00 from holding PowerShares DB Oil ETF or generate 0.0% return on investment in PowerShares DB over 30 days. PowerShares DB is related to or competes with United States, iPath SP, United States, PowerShares DB, and United States. The investment seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return , which is intended to reflect the ch...

PowerShares DB Upside/Downside Indicators


PowerShares DB Market Premium Indicators

PowerShares DB Oil lagged returns against current returns

 Current and Lagged Values 

PowerShares DB regressed lagged prices vs. current prices

 Current vs Lagged Prices 

PowerShares DB Oil Backtested Returns

We consider PowerShares DB not very risky. PowerShares DB Oil maintains Sharpe Ratio (i.e. Efficiency) of 0.0134 which implies PowerShares DB Oil had 0.0134% of return per unit of risk over the last 1 month. Our philosophy towards forecasting volatility of a etf is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for PowerShares DB Oil which you can use to evaluate future volatility of the etf. Please check PowerShares DB Oil Coefficient Of Variation of (212,366) and Risk Adjusted Performance of 0.0061 to confirm if risk estimate we provide are consistent with the epected return of 0.0181%. The etf holds Beta of -0.283 which implies as returns on market increase, returns on owning PowerShares DB are expected to decrease at a much smaller rate. During bear market, PowerShares DB is likely to outperform the market.. Although it is extremely important to respect PowerShares DB Oil 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 Oil technical indicators you can presently evaluate if the expected return of 0.0181% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.22) 

Weak reverse predictability

PowerShares DB Oil ETF has weak reverse predictability. Overlapping area represents the amount of predictability between PowerShares DB time series from November 13, 2017 to November 28, 2017 and November 28, 2017 to December 13, 2017. 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 Oil price movement. The serial correlation of -0.22 indicates that over 22.0% of current PowerShares DB price fluctuation can be explain by its past prices. Given that PowerShares DB Oil 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 -0.22
Spearman Rank Test -0.5
Price Variance 0.01
Lagged Price Variance 0.03

PowerShares DB Lagged Returns

 Regressed Prices 

PowerShares DB Performance vs DOW

The median price of PowerShares DB for the period between Mon, Nov 13, 2017 and Wed, Dec 13, 2017 is 9.68 with a coefficient of variation of 1.47. The daily time series for the period is distributed with a sample standard deviation of 0.14, arithmetic mean of 9.65, and mean deviation of 0.11. The Etf did not receive any noticable media coverage during the period.
Price Growth (%)