iPath Global Backtesting

GRN -- USA iPath Global Carbon ETN  

USD 17.90  0.01  0.06%

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
SymbolX
Backtest

iPath Global 'What if' Analysis

May 23, 2018
0.00
No Change 0.00  0.0%
In 30 days
June 22, 2018
0.00
If you would invest  0.00  in iPath Global on May 23, 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 Fidelity China, iPath SP, JPMorgan Global, Blackrock Frontiers, FIDELITY ASIAN, Proven Growth, and OCT SEC. The investment seeks to provide investors with exposure to the Barclays Global Carbon Index Total Return

iPath Global Upside/Downside Indicators

Information Ratio0.21
Maximum Drawdown82.79
  

iPath Global Market Premium Indicators

Risk Adjusted Performance0.01

iPath Global Carbon Backtested Returns

iPath Global is abnormally risky given 1 month investment horizon. iPath Global Carbon shows Sharpe Ratio of 0.3022 which attests that iPath Global Carbon had 0.3022% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a ipath global carbon etn is to use iPath Global Carbon market data together with company specific technical indicators. We found twenty-one different technical indicators which can help you to evaluate if expected returns of 52.6055% are justified by taking the suggested risk. Use iPath Global Carbon ETN Mean Deviation of 7.18 to evaluate company specific risk that cannot be diversified away. The entity maintains market beta of 0.0 which attests that the returns on MARKET and iPath Global are completely uncorrelated. Although it is essential to pay attention to iPath Global Carbon historical price patterns, it is also good to be reasonable about what you can actually do with equity current price history. Macroaxis philosophy towards determining future performance of any ipath global carbon etn is to look not only at its past charts but also at the business as a whole, including all available fundamental and technical indicators. To evaluate if iPath Global Carbon expected return of 52.6055 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(0.45) 

Modest reverse predictability

iPath Global Carbon ETN has modest reverse predictability. Overlapping area represents the amount of predictability between iPath Global time series from May 23, 2018 to June 7, 2018 and June 7, 2018 to June 22, 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 -0.45 indicates that just about 45.0% 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 -0.45
Spearman Rank Test -0.53
Price Variance 51.07
Lagged Price Variance 54.61

iPath Global Carbon lagged returns against current returns

 Current and Lagged Values 
      Timeline 

iPath Global regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

iPath Global Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - GRN

iPath Global Carbon Investor Sentiment
Greater number of Macroaxis users are currently bullish on iPath Global Carbon ETN. What is your take regarding investing in iPath Global Carbon ETN? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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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. Please also try Premium Stories module to follow macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.