iPath Global Backtesting

iPath Global Carbon ETN -- USA Etf  

USD 8.65  0.15  1.7%

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
Investment Horizon     30 Days    Login   to change

iPath Global 'What if' Analysis

November 12, 2017
No Change 0.00  0.0%
In 30 days
December 12, 2017
If you would invest  0.00  in iPath Global on November 12, 2017 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 to be moderately volatile. iPath Global Carbon shows Sharpe Ratio of -0.1934 which attests that iPath Global Carbon had -0.1934% 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 Global Carbon 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 Global Carbon Market Risk Adjusted Performance of (8.02) and Mean Deviation of 2.24 to validate risk estimate we provide. The entity maintains market beta of 0.0714 which attests that as returns on market increase, iPath Global returns are expected to increase less than the market. However during bear market, the loss on holding iPath Global will be expected to be smaller as well.. Even though it is essential to pay attention to iPath Global Carbon 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 Global Carbon exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.49) 

Modest reverse predictability

iPath Global Carbon ETN has modest reverse predictability. Overlapping area represents the amount of predictability between iPath Global time series from November 12, 2017 to November 27, 2017 and November 27, 2017 to December 12, 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 Global Carbon price movement. The serial correlation of -0.49 indicates that about 49.0% of current iPath Global price fluctuation can be explain by its past prices. Given that iPath Global Carbon ETN has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of iPath Global for similar time interval.
Correlation Coefficient -0.49
Spearman Rank Test -0.2
Price Variance 0.03
Lagged Price Variance 0.04

iPath Global Lagged Returns

 Regressed Prices 

iPath Global Performance vs DOW

The median price of iPath Global for the period between Sun, Nov 12, 2017 and Tue, Dec 12, 2017 is 9.45 with a coefficient of variation of 3.1. The daily time series for the period is distributed with a sample standard deviation of 0.29, arithmetic mean of 9.34, and mean deviation of 0.23. The Etf received some media coverage during the period.
Price Growth (%)  
Stock Review Viewing the Technicals for Global Carbon ETN Ip...12/11/2017