United States Backtesting

United States 3x Short Oil Fund -- USA Etf  

USD 18.16  0.38  2.07%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of United States 3x Short Oil Fund 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
Investment Horizon     30 Days    Login   to change

United States 'What if' Analysis

September 21, 2017
No Change 0.00  0.0%
In 31 days
October 21, 2017
If you would invest  0.00  in United States on September 21, 2017 and sell it all today you would earn a total of 0.00 from holding United States 3x Short Oil Fund or generate 0.0% return on investment in United States over 30 days. United States is related to or competes with ProShares UltraShort, VelocityShares 3x, DB Crude, ProShares UltraShort, DB Gold, and UBS ETRACS. 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


United States Market Premium Indicators

United States 3x lagged returns against current returns

 Current and Lagged Values 

United States regressed lagged prices vs. current prices

 Current vs Lagged Prices 

United States 3x Backtested Returns

Macroaxis considers United States to be not very volatile. United States 3x owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0662 which indicates United States 3x had -0.0662% 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 Fund 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 (1,511) and Risk Adjusted Performance of (0.007893) to confirm risk estimate we provide. The entity has beta of 4.3324 which indicates as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, United States will likely underperform.. 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 Fund exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.26 

Poor predictability

United States 3x Short Oil Fund has poor predictability. Overlapping area represents the amount of predictability between United States time series from September 21, 2017 to October 6, 2017 and October 6, 2017 to October 21, 2017. 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 0.26 indicates that nearly 26.0% of current United States price fluctuation can be explain by its past prices.
Correlation Coefficient 0.26
Spearman Rank Test 0.2
Price Variance 0.54
Lagged Price Variance 0.37

United States Lagged Returns

 Regressed Prices 

United States Performance vs DOW

The median price of United States for the period between Thu, Sep 21, 2017 and Sat, Oct 21, 2017 is 18.84 with a coefficient of variation of 3.8. The daily time series for the period is distributed with a sample standard deviation of 0.72, arithmetic mean of 18.98, and mean deviation of 0.58. The Etf did not receive any noticable media coverage during the period.
Price Growth (%)