United States Backtesting

USOD -- USA Etf  

USD 5.09  0.15  3.00%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of United States 3x Short Oil and determine expected loss or profit from investing in United States over given investment horizon. Also please take a look at United States Hype Analysis, United States Correlation, Portfolio Optimization, United States Volatility as well as analyze United States Alpha and Beta and United States Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

United States 'What if' Analysis

August 20, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 19, 2018
0.00
If you would invest  0.00  in United States on August 20, 2018 and sell it all today you would earn a total of 0.00 from holding United States 3x Short Oil or generate 0.0% return on investment in United States over 30 days. United States is related to or competes with DB Crude, Global X, Pfizer, Procter Gamble, JPMorgan Chase, and 3M. The investment seeks the daily changes in percentage terms of its shares per share NAV to reflect three times the invers...

United States Upside/Downside Indicators

Information Ratio0.30
Maximum Drawdown8.64
Value At Risk4.73
Potential Upside3.88
  

United States Market Premium Indicators

Risk Adjusted Performance0.1
Jensen Alpha0.89
Total Risk Alpha1.60
Treynor Ratio1.98

United States 3x Backtested Returns

Macroaxis considers United States to be unusually risky. United States 3x owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.2919 which indicates United States 3x had -0.2919% 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. United States 3x Short Oil exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate United States Coefficient Of Variation of 367.75 and Risk Adjusted Performance of 0.1 to confirm risk estimate we provide. The entity has beta of 0.4308 which indicates as returns on market increase, United States returns are expected to increase less than the market. However during bear market, the loss on holding United States will be expected to be smaller as well.. Even though it is essential to pay attention to United States 3x 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. United States 3x Short Oil exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.25 

Poor predictability

United States 3x Short Oil has poor predictability. Overlapping area represents the amount of predictability between United States time series from August 20, 2018 to September 4, 2018 and September 4, 2018 to September 19, 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 United States 3x price movement. The serial correlation of 0.25 indicates that over 25.0% of current United States price fluctuation can be explain by its past prices.
Correlation Coefficient0.25
Spearman Rank Test0.62
Residual Average0.0
Price Variance0.03

United States 3x lagged returns against current returns

 Current and Lagged Values 
      Timeline 

United States regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

United States Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - USOD

United States 3x Investor Sentiment

Macroaxis portfolio users are unemotional in their outlook on investing in United States 3x Short Oil. What is your outlook on investing in United States 3x Short Oil? Are you bullish or bearish?
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50% Bearish
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Also please take a look at United States Hype Analysis, United States Correlation, Portfolio Optimization, United States Volatility as well as analyze United States Alpha and Beta and United States Performance. Please also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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