United States Backtesting

United States Short Oil -- USA Etf  

USD 65.56  0.81  1.22%

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

United States 'What if' Analysis

September 20, 2017
 0.00 
No Change 0.00  0.0%
In 30 days
October 20, 2017
 0.00 
If you would invest  0.00  in United States on September 20, 2017 and sell it all today you would earn a total of 0.00 from holding United States Short Oil or generate 0.0% return on investment in United States over 30 days. United States is related to or competes with Realty Income, Diamond Hill, AllianceBernstein, Associated Capital, Arlington Asset, and Blackstone Group. The investment seeks to the daily changes in percentage terms of its shares per share net asset value to inversely refle...

United States Upside/Downside Indicators

  

United States Market Premium Indicators

United States Short lagged returns against current returns

 Current and Lagged Values 
      Timeline 

United States regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

United States Short Backtested Returns

Macroaxis considers United States to be not too risky. United States Short owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0375 which indicates United States Short had -0.0375% of return per unit of risk over the last 1 month. Macroaxis philosophy towards measuring 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. United States Short Oil exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate United States Coefficient Of Variation of (2,667) and Risk Adjusted Performance of (0.00017957) to confirm risk estimate we provide. The entity has beta of 2.0595 which indicates as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, United States will likely underperform.. Even though it is essential to pay attention to United States Short current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring 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. United States Short Oil exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.1 

Insignificant predictability

United States Short Oil has insignificant predictability. Overlapping area represents the amount of predictability between United States time series from September 20, 2017 to October 5, 2017 and October 5, 2017 to October 20, 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 United States Short price movement. The serial correlation of 0.1 indicates that less than 10.0% of current United States price fluctuation can be explain by its past prices.
Correlation Coefficient 0.1
Price Variance 1.35
Lagged Price Variance 0.93
Average Price 66.8

United States Lagged Returns

 Regressed Prices 
      Timeline 

United States Performance vs DOW

The median price of United States for the period between Wed, Sep 20, 2017 and Fri, Oct 20, 2017 is 66.8201 with a coefficient of variation of 1.64. The daily time series for the period is distributed with a sample standard deviation of 1.09, arithmetic mean of 66.78, and mean deviation of 0.92. The Etf received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
Trump Iran Decision Is Hurting Big Oil10/19/2017