iPath Bloomberg Energy Backtested Returns
Macroaxis considers iPath Bloomberg moderately volatile given 1 month investment horizon. iPath Bloomberg Energy
shows Sharpe Ratio of 0.362 which attests that iPath Bloomberg Energy
had 0.362% 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. By examining iPath Bloomberg Energy technical indicators
you can presently evaluate if the expected return of 0.5094% is justified by implied risk. Please utilize iPath Bloomberg Energy Market Risk Adjusted Performance
of (0.13) and Mean Deviation of 0.9316 to validate if our risk estimates are consistent with your expectations. The entity maintains market beta of -1.5231 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.. Although it is vital to follow to iPath Bloomberg Energy historical price patterns, it is good to be conservative about what you can actually do with the information regarding 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. We have found twenty-one technical indicators for iPath Bloomberg Energy which you can use to evaluate performance of the etf.
|15 days auto-correlation||(0.55) |
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 December 18, 2017 to January 2, 2018 and January 2, 2018 to January 17, 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 -0.55 indicates that about 55.0% 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|| -0.55|
|Spearman Rank Test|| -0.07|
|Lagged Price Variance|| 0.04|
|Average Price|| 6.27|
iPath Bloomberg Lagged Returns