PowerShares DB Backtesting

PowerShares DB Oil ETF -- USA Etf  

USD 10.42  0.07  0.68%

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
 Time Horizon     30 Days    Login   to change

PowerShares DB 'What if' Analysis

January 21, 2018
No Change 0.00  0.0%
In 30 days
February 20, 2018
If you would invest  0.00  in PowerShares DB on January 21, 2018 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 ETFS Bloomberg, Barclays Bank, VelocityShares Daily, United Technologies, ATT, and Wal Mart.

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

Macroaxis considers PowerShares DB to be not very risky. PowerShares DB Oil maintains Sharpe Ratio (i.e. Efficiency) of -0.1053 which implies PowerShares DB Oil had -0.1053% 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 Oil 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 Oil Coefficient Of Variation of 1,038 and Risk Adjusted Performance of 0.17 to confirm risk estimate we provide. The etf holds Beta of 0.3845 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 Oil 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 Oil exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.48) 

Modest reverse predictability

PowerShares DB Oil ETF has modest reverse predictability. Overlapping area represents the amount of predictability between PowerShares DB time series from January 21, 2018 to February 5, 2018 and February 5, 2018 to February 20, 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 Oil price movement. The serial correlation of -0.48 indicates that about 48.0% 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 -0.48
Spearman Rank Test 0.18
Price Variance 0.05
Lagged Price Variance 0.02

PowerShares DB Lagged Returns

 Regressed Prices 

PowerShares DB Performance vs DOW

The median price of PowerShares DB for the period between Sun, Jan 21, 2018 and Tue, Feb 20, 2018 is 10.77 with a coefficient of variation of 3.35. The daily time series for the period is distributed with a sample standard deviation of 0.36, arithmetic mean of 10.69, and mean deviation of 0.3. The Etf received some media coverage during the period.
Price Growth (%)  
Will OPEC Production Cuts Offset Record Crude Oil Production02/15/2018