iPath Bloomberg Backtesting

iPath Bloomberg Natural Gas SubTR ETN -- USA Etf  

USD 0.25  0.006  2.31%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of iPath Bloomberg Natural Gas SubTR ETN and determine expected loss or profit from investing in iPath Bloomberg over given investment horizon. Please also check iPath Bloomberg Hype Analysis, iPath Bloomberg Correlation, Portfolio Optimization, iPath Bloomberg Volatility as well as analyze iPath Bloomberg Alpha and Beta and iPath Bloomberg Performance
Investment Horizon     30 Days    Login   to change

iPath Bloomberg 'What if' Analysis

November 13, 2017
No Change 0.00  0.0%
In 31 days
December 13, 2017
If you would invest  0.00  in iPath Bloomberg on November 13, 2017 and sell it all today you would earn a total of 0.00 from holding iPath Bloomberg Natural Gas SubTR ETN or generate 0.0% return on investment in iPath Bloomberg over 30 days. iPath Bloomberg is related to or competes with United States, iPath SP, United States, PowerShares DB, PowerShares DB, and United States. The investment seeks to reflect the returns that are potentially available through an unleveraged investment in the futu...

iPath Bloomberg Upside/Downside Indicators


iPath Bloomberg Market Premium Indicators

iPath Bloomberg Natural lagged returns against current returns

 Current and Lagged Values 

iPath Bloomberg regressed lagged prices vs. current prices

 Current vs Lagged Prices 

iPath Bloomberg Natural Backtested Returns

Macroaxis considers iPath Bloomberg to be abnormally risky. iPath Bloomberg Natural shows Sharpe Ratio of -0.0861 which attests that iPath Bloomberg Natural had -0.0861% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining 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. iPath Bloomberg Natural exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out iPath Bloomberg Natural Market Risk Adjusted Performance of 0.387 and Mean Deviation of 2.66 to validate risk estimate we provide. The entity maintains market beta of -0.7394 which attests that as returns on market increase, returns on owning iPath Bloomberg are expected to decrease at a much smaller rate. During bear market, iPath Bloomberg is likely to outperform the market.. Even though it is essential to pay attention to iPath Bloomberg Natural historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis philosophy towards determining 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. iPath Bloomberg Natural exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.55) 

Good reverse predictability

iPath Bloomberg Natural Gas SubTR ETN has good reverse predictability. Overlapping area represents the amount of predictability between iPath Bloomberg time series from November 13, 2017 to November 28, 2017 and November 28, 2017 to December 13, 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 iPath Bloomberg Natural price movement. The serial correlation of -0.55 indicates that about 55.0% of current iPath Bloomberg price fluctuation can be explain by its past prices. Given that iPath Bloomberg Natural Gas SubTR ETN has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of iPath Bloomberg for similar time interval.
Correlation Coefficient -0.55
Spearman Rank Test -0.55
Average Price 0.28
Lagged Average Price 0.28

iPath Bloomberg Lagged Returns

 Regressed Prices 

iPath Bloomberg Performance vs DOW

The median price of iPath Bloomberg for the period between Mon, Nov 13, 2017 and Wed, Dec 13, 2017 is 0.274 with a coefficient of variation of 5.41. The daily time series for the period is distributed with a sample standard deviation of 0.01, arithmetic mean of 0.28, and mean deviation of 0.01. The Etf did not receive any noticable media coverage during the period.
Price Growth (%)