iPath SP Backtesting

OIL -- USA iPath Goldman Sachs Crude Oil Total Return Index ETN  

USD 1,774  1,774  1,090,718%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of iPath SP GSCI Crude Oil TR ETN and determine expected loss or profit from investing in iPath SP over given investment horizon. Additionally take a look at iPath SP Hype Analysis, iPath SP Correlation, Portfolio Optimization, iPath SP Volatility as well as analyze iPath SP Alpha and Beta and iPath SP Performance.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

iPath SP 'What if' Analysis

July 15, 2018
0.00
No Change 0.00  0.0%
In 31 days
August 14, 2018
0.00
If you would invest  0.00  in iPath SP on July 15, 2018 and sell it all today you would earn a total of 0.00 from holding iPath SP GSCI Crude Oil TR ETN or generate 0.0% return on investment in iPath SP over 30 days. iPath SP is related to or competes with PT Bank, PT Bank, PT Bank, KB Financial, Japan Post, PT Astra, and Sumitomo Mitsui. The investment seeks to provide with exposure to the SP GSCI Crude Oil Total Return Index

iPath SP Upside/Downside Indicators

Information Ratio0.20
Maximum Drawdown3.56
Value At Risk1.48
Potential Upside1.73
  

iPath SP Market Premium Indicators

iPath SP GSCI Backtested Returns

Macroaxis considers iPath SP to be not too risky. iPath SP GSCI shows Sharpe Ratio of -0.2055 which attests that iPath SP GSCI had -0.2055% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining risk of any ipath goldman sachs crude oil total return index etn is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. iPath SP GSCI 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 SP GSCI Mean Deviation of 8.7 to validate risk estimate we provide. The entity maintains market beta of 0.0 which attests that the returns on MARKET and iPath SP are completely uncorrelated. Even though it is essential to pay attention to iPath SP GSCI historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis philosophy towards determining future performance of any ipath goldman sachs crude oil total return index etn is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. iPath SP GSCI exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.55) 

Good reverse predictability

iPath SP GSCI Crude Oil TR ETN has good reverse predictability. Overlapping area represents the amount of predictability between iPath SP time series from July 15, 2018 to July 30, 2018 and July 30, 2018 to August 14, 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 SP GSCI price movement. The serial correlation of -0.55 indicates that about 55.0% of current iPath SP price fluctuation can be explain by its past prices. Given that iPath SP GSCI Crude Oil TR ETN has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of iPath SP for similar time interval.
Correlation Coefficient -0.55
Spearman Rank Test 0.15
Price Variance 264178.92
Lagged Price Variance 1129.03

iPath SP GSCI lagged returns against current returns

 Current and Lagged Values 
      Timeline 

iPath SP regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

iPath SP Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - OIL

iPath SP GSCI Investor Sentiment
Greater number of Macroaxis users are now bullish on iPath SP GSCI Crude Oil TR ETN. What is your take regarding investing in iPath SP GSCI Crude Oil TR ETN? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Additionally take a look at iPath SP Hype Analysis, iPath SP Correlation, Portfolio Optimization, iPath SP Volatility as well as analyze iPath SP Alpha and Beta and iPath SP Performance. Please also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.