UBS ETRACS Backtesting

UBS ETRACS - ProShares Daily 3x Inverse Crude ETN -- USA Etf  

USD 12.46  0.49  3.78%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of UBS ETRACS - ProShares Daily 3x Inverse Crude ETN and determine expected loss or profit from investing in UBS ETRACS over given investment horizon. See also UBS ETRACS Hype Analysis, UBS ETRACS Correlation, Portfolio Optimization, UBS ETRACS Volatility as well as analyze UBS ETRACS Alpha and Beta and UBS ETRACS Performance
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

UBS ETRACS 'What if' Analysis

December 18, 2017
0.00
No Change 0.00  0.0%
In 31 days
January 17, 2018
0.00
If you would invest  0.00  in UBS ETRACS on December 18, 2017 and sell it all today you would earn a total of 0.00 from holding UBS ETRACS - ProShares Daily 3x Inverse Crude ETN or generate 0.0% return on investment in UBS ETRACS over 30 days. UBS ETRACS is related to or competes with ProShares UltraShort, VelocityShares 3x, ProShares UltraShort, DB Crude, DB Gold, and ProShares UltraPro. The 3X Inverse Securities provide a three times leveraged inverse exposure to changes in the level of the Bloomberg WTI ...

UBS ETRACS Upside/Downside Indicators

  

UBS ETRACS Market Premium Indicators

UBS ETRACS - lagged returns against current returns

 Current and Lagged Values 
      Timeline 

UBS ETRACS regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

UBS ETRACS - Backtested Returns

Macroaxis considers UBS ETRACS to be not very volatile. UBS ETRACS - owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.8169 which indicates UBS ETRACS - had -0.8169% 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 - ProShares Daily 3x Inverse Crude 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 (0.25) and Market Risk Adjusted Performance of (1.44) to confirm risk estimate we provide. The entity has beta of 1.132 which indicates UBS ETRACS returns are very sensitive to returns on the market. as market goes up or down, UBS ETRACS is expected to follow.. Even though it is essential to pay attention to UBS ETRACS - 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 - ProShares Daily 3x Inverse Crude ETN exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.97 

Excellent predictability

UBS ETRACS - ProShares Daily 3x Inverse Crude ETN has excellent predictability. Overlapping area represents the amount of predictability between UBS ETRACS time series from December 18, 2017 to January 2, 2018 and January 2, 2018 to January 17, 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 - price movement. The serial correlation of 0.97 indicates that 97.0% of current UBS ETRACS price fluctuation can be explain by its past prices.
Correlation Coefficient 0.97
Spearman Rank Test 0.94
Price Variance 0.68
Lagged Price Variance 0.99

UBS ETRACS Lagged Returns

 Regressed Prices 
      Timeline 

UBS ETRACS Performance vs DOW

The median price of UBS ETRACS for the period between Mon, Dec 18, 2017 and Wed, Jan 17, 2018 is 15.545 with a coefficient of variation of 12.27. The daily time series for the period is distributed with a sample standard deviation of 1.92, arithmetic mean of 15.62, and mean deviation of 1.63. The Etf did not receive any noticable media coverage during the period.
Price Growth (%)  
      Timeline