iPath Global Backtesting

iPath Global Carbon ETN -- USA Etf  

USD 11.59  0.002  0.0173%

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

iPath Global 'What if' Analysis

January 25, 2018
No Change 0.00  0.0%
In 31 days
February 24, 2018
If you would invest  0.00  in iPath Global on January 25, 2018 and sell it all today you would earn a total of 0.00 from holding iPath Global Carbon ETN or generate 0.0% return on investment in iPath Global over 30 days. iPath Global is related to or competes with United States, iPath SP, United States, PowerShares DB, PowerShares DB, and United States. The investment seeks to provide investors with exposure to the Barclays Global Carbon Index Total Return

iPath Global Upside/Downside Indicators


iPath Global Market Premium Indicators

iPath Global Carbon lagged returns against current returns

 Current and Lagged Values 

iPath Global regressed lagged prices vs. current prices

 Current vs Lagged Prices 

iPath Global Carbon Backtested Returns

Macroaxis considers iPath Global risky given 1 month investment horizon. iPath Global Carbon shows Sharpe Ratio of 0.0844 which attests that iPath Global Carbon had 0.0844% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a etf is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for iPath Global Carbon which you can use to evaluate future volatility of the etf. Please utilize iPath Global Carbon Market Risk Adjusted Performance of 0.1642 and Mean Deviation of 4.1 to validate if our risk estimates are consistent with your expectations. The entity maintains market beta of -0.315 which attests that as returns on market increase, returns on owning iPath Global are expected to decrease at a much smaller rate. During bear market, iPath Global is likely to outperform the market.. Although it is vital to follow to iPath Global Carbon historical price patterns, it is good to be conservative about what you can actually do with the information regarding equity current price history. The philosophy towards determining 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. By examining iPath Global Carbon technical indicators you can presently evaluate if the expected return of 0.4141% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.28 

Poor predictability

iPath Global Carbon ETN has poor predictability. Overlapping area represents the amount of predictability between iPath Global time series from January 25, 2018 to February 9, 2018 and February 9, 2018 to February 24, 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 iPath Global Carbon price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current iPath Global price fluctuation can be explain by its past prices.
Correlation Coefficient 0.28
Spearman Rank Test -0.48
Price Variance 0.18
Lagged Price Variance 0.24

iPath Global Lagged Returns

 Regressed Prices 

iPath Global Performance vs DOW

The median price of iPath Global for the period between Thu, Jan 25, 2018 and Sat, Feb 24, 2018 is 12.01 with a coefficient of variation of 4.23. The daily time series for the period is distributed with a sample standard deviation of 0.51, arithmetic mean of 11.95, and mean deviation of 0.43. The Etf received some media coverage during the period.
Price Growth (%)  
iPath Global Carbon ETN Declines 5.756 percent for Feb 2302/23/2018