Macroaxis considers iPath Bloomberg to be not too risky. iPath Bloomberg Energy
shows Sharpe Ratio of -0.2425 which attests that iPath Bloomberg Energy
had -0.2425% 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-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out iPath Bloomberg Energy to validate risk estimate we provide. The entity maintains market beta of 0.0 which attests that the returns on MARKET and iPath Bloomberg are completely uncorrelated. 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-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.00 |
No correlation between past and present
iPath Bloomberg Energy SubTR ETN has no correlation between past and present. Overlapping area represents the amount of predictability between iPath Bloomberg time series from June 20, 2018 to July 5, 2018 and July 5, 2018 to July 20, 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 0.0 indicates that just 0.0% of current iPath Bloomberg price fluctuation can be explain by its past prices.
|Spearman Rank Test|| -0.43|
|Average Price|| 6.53|
|Lagged Average Price|| 6.53|