iPath Bloomberg Backtesting

iPath Bloomberg Energy SubTR ETN -- USA Etf  

USD 6.26  0.0025  0.04%

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

December 18, 2017
No Change 0.00  0.0%
In 31 days
January 17, 2018
If you would invest  0.00  in iPath Bloomberg on December 18, 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 United States, iPath SP, United States, PowerShares DB, PowerShares DB, and United States. 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 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.
Advice Volatility Trend Exposure Correlations
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

 Regressed Prices 

iPath Bloomberg Performance vs DOW

The median price of iPath Bloomberg for the period between Mon, Dec 18, 2017 and Wed, Jan 17, 2018 is 6.09 with a coefficient of variation of 3.71. The daily time series for the period is distributed with a sample standard deviation of 0.22, arithmetic mean of 6.06, and mean deviation of 0.2. The Etf did not receive any noticable media coverage during the period.
Price Growth (%)