iPath Global Backtesting

iPath Global Carbon ETN -- USA Etf  

USD 9.73  0.15  1.53%

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

September 22, 2017
No Change 0.00  0.0%
In 31 days
October 22, 2017
If you would invest  0.00  in iPath Global on September 22, 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

iPath Global is unusually risky given 1 month investment horizon. iPath Global Carbon shows Sharpe Ratio of 0.2333 which attests that iPath Global Carbon had 0.2333% of return per unit of risk over the last 1 month. Our philosophy towards determining risk of a etf is to use both market data as well as company specific technical data. We found twenty-one different technical indicators which can help you to evaluate if expected returns of 1.0569% are justified by taking the suggested risk. Use iPath Global Carbon ETN Market Risk Adjusted Performance of (0.2), Mean Deviation of 3.11 and Downside Deviation of 4.98 to evaluate company specific risk that cannot be diversified away. The entity maintains market beta of -4.9512 which attests that as returns on market increase, returns on owning iPath Global are expected to decrease by larger amounts. On the other hand, during market turmoil, iPath Global is expected to significantly outperform it.. 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. Macroaxis philosophy towards determining future performance of any etf is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if iPath Global Carbon expected return of 1.0569 will be sustainable into the future, we have found twenty-one different technical indicators which can help you to check if the expected returns are sustainable.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.38 

Below average predictability

iPath Global Carbon ETN has below average predictability. Overlapping area represents the amount of predictability between iPath Global time series from September 22, 2017 to October 7, 2017 and October 7, 2017 to October 22, 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 0.38 indicates that just about 38.0% of current iPath Global price fluctuation can be explain by its past prices.
Correlation Coefficient 0.38
Spearman Rank Test 0.31
Price Variance 0.16
Lagged Price Variance 0.11

iPath Global Lagged Returns

 Regressed Prices 

iPath Global Performance vs DOW

The median price of iPath Global for the period between Fri, Sep 22, 2017 and Sun, Oct 22, 2017 is 8.7729 with a coefficient of variation of 6.11. The daily time series for the period is distributed with a sample standard deviation of 0.53, arithmetic mean of 8.71, and mean deviation of 0.4. The Etf received some media coverage during the period.
Price Growth (%)  
Pre-Bell Stock Alert on iPath Global Carbon ETN and Intellig...10/19/2017