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.
|15 days auto-correlation|| 0.97 |
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