United States Backtesting

USOD -- USA Etf  

USD 7.30  0.38  4.95%

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.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

United States 'What if' Analysis

May 19, 2018
0.00
No Change 0.00  0.0%
In 31 days
June 18, 2018
0.00
If you would invest  0.00  in United States on May 19, 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 United States, United States, PowerShares DB, VelocityShares 3x, PowerShares DB, ProShares UltraShort, and VelocityShares 3x. 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

Downside Deviation3.96
Information Ratio0.254
Maximum Drawdown19.36
Value At Risk4.95
Potential Upside10.33
  

United States Market Premium Indicators

Risk Adjusted Performance0.01
Sortino Ratio0.3135

United States 3x Backtested Returns

United States is unusually risky given 1 month investment horizon. United States 3x owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.2987 which indicates United States 3x had 0.2987% of return per unit of risk over the last 1 month. Our philosophy towards measuring risk of a etf is to use both market data as well as company specific technical data. We found twenty-one different technical indicators which can help you to evaluate if expected returns of 1.4738% are justified by taking the suggested risk. Use United States 3x Semi Deviation of 3.37, Coefficient Of Variation of 393.65 and Risk Adjusted Performance of 0.01 to evaluate company specific risk that cannot be diversified away. The entity has beta of 0.0 which indicates the returns on MARKET and United States are completely uncorrelated. Although it is vital to follow to United States 3x current price movements, it is good to be conservative about what you can actually do with the information regarding equity historical returns. Macroaxis philosophy towards measuring future performance of any etf is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if United States 3x Short Oil expected return of 1.4738 will be sustainable into the future, we have found twenty-one different technical indicators which can help you to check if the expected returns are sustainable.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.40) 

Poor reverse predictability

United States 3x Short Oil has poor reverse predictability. Overlapping area represents the amount of predictability between United States time series from May 19, 2018 to June 3, 2018 and June 3, 2018 to June 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 United States 3x price movement. The serial correlation of -0.4 indicates that just about 40.0% of current United States price fluctuation can be explain by its past prices. Given that United States 3x Short Oil has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of United States for similar time interval.
Correlation Coefficient -0.4
Spearman Rank Test -0.42
Price Variance 0.06
Lagged Price Variance 0.51

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 

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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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.