DB Crude Oil Backtested Returns
Macroaxis considers DB Crude to be not too risky. DB Crude Oil
retains Efficiency (Sharpe Ratio) of -0.0951 which denotes DB Crude Oil
had -0.0951% of return per unit of price deviation over the last 1 month. Macroaxis way in which we are predicting 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
. DB Crude exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm DB Crude Oil Double Short ETN Standard Deviation
of 2.52 and Market Risk Adjusted Performance
of (0.025621) to check risk estimate we provide. The entity owns Beta (Systematic Risk) of 3.4004 which denotes to the fact that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, DB Crude will likely underperform.. Even though it is essential to pay attention to DB Crude Oil existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis way in which we are predicting 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. DB Crude exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.29 |
DB Crude Oil Double Short ETN has poor predictability. Overlapping area represents the amount of predictability between DB Crude time series from September 19, 2017 to October 4, 2017 and October 4, 2017 to October 19, 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 DB Crude Oil price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current DB Crude price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.29|
|Spearman Rank Test|| 0.41|
|Price Variance|| 12.21|
|Lagged Price Variance|| 14.73|
DB Crude Lagged Returns