Macroaxis considers UBS ETRACS to be not too risky. UBS ETRACS SP
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.3551 which indicates UBS ETRACS SP
had -0.3551% of return per unit of standard deviation over the last 1 month. Macroaxis approach into measuring 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
. UBS ETRACS SP GSCI Crd OilTtl Rt ETN exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate UBS ETRACS Risk Adjusted Performance
of 0.01 to confirm risk estimate we provide. The entity has beta of 0.0 which indicates the returns on MARKET and UBS ETRACS are completely uncorrelated. Even though it is essential to pay attention to UBS ETRACS SP
current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis approach into measuring 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
. UBS ETRACS SP GSCI Crd OilTtl Rt ETN exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.80) |
Almost perfect reverse predictability
UBS ETRACS SP GSCI Crd OilTtl Rt ETN has almost perfect reverse predictability. Overlapping area represents the amount of predictability between UBS ETRACS time series from May 22, 2018 to June 6, 2018 and June 6, 2018 to June 21, 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 UBS ETRACS SP price movement. The serial correlation of -0.8 indicates that around 80.0% of current UBS ETRACS price fluctuation can be explain by its past prices. Given that UBS ETRACS SP GSCI Crd OilTtl Rt ETN has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of UBS ETRACS for similar time interval.
|Correlation Coefficient|| -0.8|
|Spearman Rank Test|| -0.86|
|Price Variance|| 0.12|
|Lagged Price Variance|| 2.47|