United States Backtesting

DNO -- USA Etf  

USD 51.10  0.06  0.12%

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.
 Time Horizon     30 Days    Login   to change

United States 'What if' Analysis

May 21, 2018
No Change 0.00  0.0%
In 31 days
June 20, 2018
If you would invest  0.00  in United States on May 21, 2018 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, Blackstone Group, and . The investment seeks the daily changes in percentage terms of its shares per share net asset value to inversely reflect ...

United States Upside/Downside Indicators

Downside Deviation1.55
Information Ratio0.2742
Maximum Drawdown6.8
Value At Risk1.66
Potential Upside2.48

United States Market Premium Indicators

Risk Adjusted Performance0.01
Sortino Ratio0.2751

United States Short Backtested Returns

Macroaxis considers United States not too risky given 1 month investment horizon. United States Short owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.3357 which indicates United States Short had 0.3357% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of a etf is to use all available market data together with company specific technical indicators that cannot be diversified away. By inspecting United States Short technical indicators you can presently evaluate if the expected return of 0.5154% is justified by implied risk. Please operate United States Semi Deviation of 0.9303, Coefficient Of Variation of 364.67 and Risk Adjusted Performance of 0.01 to confirm if our risk estimates are consistent with your expectations. The entity has beta of 0.0 which indicates the returns on MARKET and United States are completely uncorrelated. Although it is vital to follow to United States Short current price movements, it is good to be conservative about what you can actually do with the information regarding equity historical returns. The philosophy towards measuring 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. We have found twenty-one technical indicators for United States Short Oil which you can use to evaluate performance of the etf.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.12) 

Insignificant reverse predictability

United States Short Oil has insignificant reverse predictability. Overlapping area represents the amount of predictability between United States time series from May 21, 2018 to June 5, 2018 and June 5, 2018 to June 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 United States Short price movement. The serial correlation of -0.12 indicates that less than 12.0% of current United States price fluctuation can be explain by its past prices. Given that United States Short Oil has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of United States for similar time interval.
Correlation Coefficient -0.12
Spearman Rank Test -0.06
Price Variance 0.22
Lagged Price Variance 3.29

United States Short lagged returns against current returns

 Current and Lagged Values 

United States regressed lagged prices vs. current prices

 Current vs Lagged Prices 

United States Lagged Returns

 Regressed Prices 

Current Sentiment - DNO

United States Short Investor Sentiment
Greater number of Macroaxis users are currently bullish on United States Short Oil. What is your outlook on investing in United States Short Oil? Are you bullish or bearish?
98% Bullish
2% Bearish

Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for United States and Realty Income. 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 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. Please also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.