iPath Bloomberg Backtesting

iPath Bloomberg Energy SubTR ETN -- USA Etf  

USD 5.71  0.12  2.15%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of iPath Bloomberg Energy 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

September 23, 2017
No Change 0.00  0.0%
In 31 days
October 23, 2017
If you would invest  0.00  in iPath Bloomberg on September 23, 2017 and sell it all today you would earn a total of 0.00 from holding iPath Bloomberg Energy SubTR ETN or generate 0.0% return on investment in iPath Bloomberg over 30 days. iPath Bloomberg is related to or competes with Credit Suisse, Vanguard Total, JPMorgan Chase, Intel, and Boeing. The investment seeks to provide investors with exposure to the Dow Jones-UBS Energy Subindex Total ReturnService Mark

iPath Bloomberg Upside/Downside Indicators


iPath Bloomberg Market Premium Indicators

iPath Bloomberg Energy lagged returns against current returns

 Current and Lagged Values 

iPath Bloomberg regressed lagged prices vs. current prices

 Current vs Lagged Prices 

iPath Bloomberg Energy Backtested Returns

Macroaxis considers iPath Bloomberg to be relatively risky. iPath Bloomberg Energy shows Sharpe Ratio of -0.0119 which attests that iPath Bloomberg Energy had -0.0119% 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 Energy exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out iPath Bloomberg Energy Market Risk Adjusted Performance of (0.006857) and Mean Deviation of 0.861 to validate risk estimate we provide. The entity maintains market beta of -1.27 which attests that as returns on market increase, returns on owning iPath Bloomberg are expected to decrease by larger amounts. On the other hand, during market turmoil, iPath Bloomberg is expected to significantly outperform it.. Even though it is essential to pay attention to iPath Bloomberg Energy 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 Energy exposes twenty-eight different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.59) 

Good reverse predictability

iPath Bloomberg Energy SubTR ETN has good reverse predictability. Overlapping area represents the amount of predictability between iPath Bloomberg time series from September 23, 2017 to October 8, 2017 and October 8, 2017 to October 23, 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 Energy price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current iPath Bloomberg price fluctuation can be explain by its past prices. Given that iPath Bloomberg Energy 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 -0.59
Spearman Rank Test -0.6
Price Variance 0.01
Lagged Price Variance 0.02

iPath Bloomberg Lagged Returns

 Regressed Prices 

iPath Bloomberg Performance vs DOW

The median price of iPath Bloomberg for the period between Sat, Sep 23, 2017 and Mon, Oct 23, 2017 is 5.57 with a coefficient of variation of 2.3. The daily time series for the period is distributed with a sample standard deviation of 0.13, arithmetic mean of 5.54, and mean deviation of 0.1. The Etf received some media coverage during the period.
Price Growth (%)  
iPath Bloomberg Energy SubTR ETN Rises 3.63 percent for Oct ...10/19/2017