iPath Bloomberg Backtesting

iPath Bloomberg Energy SubTR ETN -- USA Etf  

USD 6.38  0.01  0.16%

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
 Time Horizon     30 Days    Login   to change

iPath Bloomberg 'What if' Analysis

February 22, 2018
No Change 0.00  0.0%
In 31 days
March 24, 2018
If you would invest  0.00  in iPath Bloomberg on February 22, 2018 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 United States, iPath SP, PowerShares DB, United States, ProShares UltraShort, and VelocityShares 3x. iPath Bloomberg Energy SubTR ETN is USA based ETF administrated by null

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

We consider iPath Bloomberg moderately volatile. iPath Bloomberg Energy shows Sharpe Ratio of 0.0925 which attests that iPath Bloomberg Energy had 0.0925% 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 Bloomberg Energy which you can use to evaluate future volatility of the etf. Please check out iPath Bloomberg Energy Market Risk Adjusted Performance of 1.01 and Mean Deviation of 1.12 to validate if risk estimate we provide are consistent with the epected return of 0.1412%. The entity maintains market beta of 0.4194 which attests that as returns on market increase, iPath Bloomberg returns are expected to increase less than the market. However during bear market, the loss on holding iPath Bloomberg will be expected to be smaller as well.. Although it is extremely important to respect iPath Bloomberg Energy historical price patterns, it is better to be realistic regarding the information on 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 Bloomberg Energy technical indicators you can presently evaluate if the expected return of 0.1412% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.36) 

Poor reverse predictability

iPath Bloomberg Energy SubTR ETN has poor reverse predictability. Overlapping area represents the amount of predictability between iPath Bloomberg time series from February 22, 2018 to March 9, 2018 and March 9, 2018 to March 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 Bloomberg Energy price movement. The serial correlation of -0.36 indicates that just about 36.0% 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 -0.36
Spearman Rank Test -0.7
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 Thu, Feb 22, 2018 and Sat, Mar 24, 2018 is 6.095 with a coefficient of variation of 2.64. The daily time series for the period is distributed with a sample standard deviation of 0.16, arithmetic mean of 6.09, and mean deviation of 0.12. The Etf did not receive any noticable media coverage during the period.
 Price Growth (%)