Short Duration Backtesting

Short Duration TR Tactical ETF SPDR -- USA Etf  

USD 49.29  0.06  0.12%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Short Duration TR Tactical ETF SPDR and determine expected loss or profit from investing in Short Duration over given investment horizon. Also please take a look at Short Duration Hype Analysis, Short Duration Correlation, Portfolio Optimization, Short Duration Volatility as well as analyze Short Duration Alpha and Beta and Short Duration Performance
 Time Horizon     30 Days    Login   to change

Short Duration 'What if' Analysis

December 19, 2017
No Change 0.00  0.0%
In 30 days
January 18, 2018
If you would invest  0.00  in Short Duration on December 19, 2017 and sell it all today you would earn a total of 0.00 from holding Short Duration TR Tactical ETF SPDR or generate 0.0% return on investment in Short Duration over 30 days. Short Duration is related to or competes with Direxion Daily, Rex Volmaxx, VelocityShares Daily, Direxion Daily, Direxion Daily, and Direxion Daily. The investment seeks to maximize current income with a dollar-weighted average effective duration between one and three ...

Short Duration Upside/Downside Indicators


Short Duration Market Premium Indicators

Short Duration TR lagged returns against current returns

 Current and Lagged Values 

Short Duration regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Short Duration TR Backtested Returns

Macroaxis considers Short Duration to be not too risky. Short Duration TR owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0137 which indicates Short Duration TR had -0.0137% of return per unit of risk over the last 1 month. Macroaxis philosophy towards 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. Short Duration TR Tactical ETF SPDR exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Short Duration Coefficient Of Variation of (662.8) and Risk Adjusted Performance of (0.092129) to confirm risk estimate we provide. The entity has beta of -0.0384 which indicates as returns on market increase, returns on owning Short Duration are expected to decrease at a much smaller rate. During bear market, Short Duration is likely to outperform the market.. Even though it is essential to pay attention to Short Duration TR current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards 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. Short Duration TR Tactical ETF SPDR exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.4 

Average predictability

Short Duration TR Tactical ETF SPDR has average predictability. Overlapping area represents the amount of predictability between Short Duration time series from December 19, 2017 to January 3, 2018 and January 3, 2018 to January 18, 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 Short Duration TR price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Short Duration price fluctuation can be explain by its past prices.
Correlation Coefficient 0.4
Spearman Rank Test -0.1
Average Price 49.35
Lagged Average Price 49.36

Short Duration Lagged Returns

 Regressed Prices 

Short Duration Performance vs DOW

The median price of Short Duration for the period between Tue, Dec 19, 2017 and Thu, Jan 18, 2018 is 49.36 with a coefficient of variation of 0.09. The daily time series for the period is distributed with a sample standard deviation of 0.04, arithmetic mean of 49.37, and mean deviation of 0.03. The Etf did not receive any noticable media coverage during the period.
Price Growth (%)