UBS ETRACS Backtesting

WTIU -- USA Etf  

USD 28.64  0.99  3.36%

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

May 23, 2018
0.00
No Change 0.00  0.0%
In 31 days
June 22, 2018
0.00
If you would invest  0.00  in UBS ETRACS on May 23, 2018 and sell it all today you would earn a total of 0.00 from holding UBS ETRACS ProShares Dly 3x Lng Crud ETN or generate 0.0% return on investment in UBS ETRACS over 30 days. UBS ETRACS is related to or competes with ProShares Short, ProShares Short, PowerShares Dynamic, iShares III, ProShares Short, C Tracks, and Direxion Daily. The 3X Long Securities provide a daily long leveraged exposure to the performance of the Bloomberg WTI Crude Oil Subinde...

UBS ETRACS Upside/Downside Indicators

Information Ratio0.25
Maximum Drawdown17.33
Value At Risk10.21
Potential Upside5.26
  

UBS ETRACS Market Premium Indicators

Risk Adjusted Performance0.01

UBS ETRACS ProShares Backtested Returns

Macroaxis considers UBS ETRACS to be not very volatile. UBS ETRACS ProShares owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.2476 which indicates UBS ETRACS ProShares had -0.2476% 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 Lng Crud 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 0.01 to confirm risk estimate we provide. The entity has beta of 0.0 which indicates the returns on MARKET and UBS ETRACS are completely uncorrelated. 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 Lng Crud ETN exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.42 

Average predictability

UBS ETRACS ProShares Dly 3x Lng Crud ETN has average predictability. Overlapping area represents the amount of predictability between UBS ETRACS time series from May 23, 2018 to June 7, 2018 and June 7, 2018 to June 22, 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 0.42 indicates that just about 42.0% of current UBS ETRACS price fluctuation can be explain by its past prices.
Correlation Coefficient 0.42
Spearman Rank Test 0.69
Price Variance 0.83
Lagged Price Variance 11.08

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 

Current Sentiment - WTIU

UBS ETRACS ProShares Investor Sentiment
Most of Macroaxis portfolio users are at this time bearish on UBS ETRACS ProShares Dly 3x Lng Crud ETN. What is your outlook on investing in UBS ETRACS ProShares Dly 3x Lng Crud ETN? Are you bullish or bearish?
Bullish
Bearish
3% Bullish
97% Bearish
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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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.