UBS ETRACS Backtesting

WTID -- USA Etf  

USD 8.45  0.05  0.60%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of UBS ETRACS ProShares Dly 3x Invrs CrdETN 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

June 18, 2018
0.00
No Change 0.00  0.0%
In 30 days
July 18, 2018
0.00
If you would invest  0.00  in UBS ETRACS on June 18, 2018 and sell it all today you would earn a total of 0.00 from holding UBS ETRACS ProShares Dly 3x Invrs CrdETN or generate 0.0% return on investment in UBS ETRACS over 30 days. UBS ETRACS is related to or competes with United States, United States, PowerShares DB, VelocityShares 3x, PowerShares DB, ProShares UltraShort, and VelocityShares 3x. UBS ETRACS ProShares Dly 3x Invrs CrdETN is USA based ETF administrated by null

UBS ETRACS Upside/Downside Indicators

Information Ratio0.14
Maximum Drawdown17.02
Value At Risk9.85
Potential Upside9.89
  

UBS ETRACS Market Premium Indicators

Risk Adjusted Performance0.06
Jensen Alpha0.42
Total Risk Alpha2.03
Treynor Ratio0.3187

UBS ETRACS ProShares Backtested Returns

Macroaxis considers UBS ETRACS to be extremely risky. UBS ETRACS ProShares owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0733 which indicates UBS ETRACS ProShares had -0.0733% 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 Dly 3x Invrs CrdETN 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 0.06 and Market Risk Adjusted Performance of 0.3287 to confirm risk estimate we provide. The entity has beta of -2.2186 which indicates as returns on market increase, returns on owning UBS ETRACS are expected to decrease by larger amounts. On the other hand, during market turmoil, UBS ETRACS is expected to significantly outperform it.. Even though it is essential to pay attention to UBS ETRACS ProShares 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 Dly 3x Invrs CrdETN exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.78) 

Almost perfect reverse predictability

UBS ETRACS ProShares Dly 3x Invrs CrdETN has almost perfect reverse predictability. Overlapping area represents the amount of predictability between UBS ETRACS time series from June 18, 2018 to July 3, 2018 and July 3, 2018 to July 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 UBS ETRACS ProShares price movement. The serial correlation of -0.78 indicates that around 78.0% of current UBS ETRACS price fluctuation can be explain by its past prices. Given that UBS ETRACS ProShares Dly 3x Invrs CrdETN has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of UBS ETRACS for similar time interval.
Correlation Coefficient -0.78
Spearman Rank Test -0.71
Price Variance 0.31
Lagged Price Variance 1.32

UBS ETRACS ProShares 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 Lagged Returns

 Regressed Prices 
      Timeline 

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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. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.