Macroaxis considers DB Crude to be not too volatile. DB Crude Oil
retains Efficiency (Sharpe Ratio) of -0.1521 which denotes DB Crude Oil
had -0.1521% 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-six 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 2.53 and Market Risk Adjusted Performance
of 1.2 to check risk estimate we provide. The entity owns Beta (Systematic Risk) of -0.2969 which denotes to the fact that as returns on market increase, returns on owning DB Crude are expected to decrease at a much smaller rate. During bear market, DB Crude is likely to outperform the market.. 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-six different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.16 |
Very weak predictability
DB Crude Oil Double Short ETN has very weak predictability. Overlapping area represents the amount of predictability between DB Crude time series from August 19, 2018 to September 3, 2018 and September 3, 2018 to September 18, 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 DB Crude Oil price movement. The serial correlation of 0.16 indicates that over 16.0% of current DB Crude price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.25|