UBS ETRACS Backtesting

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

USD 25.42  0.36  1.43%

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

January 21, 2018
0.00
No Change 0.00  0.0%
In 31 days
February 20, 2018
0.00
If you would invest  0.00  in UBS ETRACS on January 21, 2018 and sell it all today you would earn a total of 0.00 from holding UBS ETRACS - ProShares Daily 3x Long Crude ETN or generate 0.0% return on investment in UBS ETRACS over 30 days. UBS ETRACS is related to or competes with BlackRock Asset, iShares Public, iShares II, HSBC ETFs, Deutsche Bank, and iShares VII. 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

  

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 -0.0608 which indicates UBS ETRACS - had -0.0608% 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 Long Crude ETN exposes twenty-eight 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 0.13 and Market Risk Adjusted Performance of 0.27 to confirm risk estimate we provide. The entity has beta of 1.3659 which indicates as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, UBS ETRACS will likely underperform.. 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 Long Crude ETN exposes twenty-eight different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.45) 

Modest reverse predictability

UBS ETRACS - ProShares Daily 3x Long Crude ETN has modest reverse predictability. Overlapping area represents the amount of predictability between UBS ETRACS time series from January 21, 2018 to February 5, 2018 and February 5, 2018 to February 20, 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 -0.45 indicates that just about 45.0% of current UBS ETRACS price fluctuation can be explain by its past prices. Given that UBS ETRACS - ProShares Daily 3x Long Crude ETN 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 -0.45
Spearman Rank Test -0.22
Price Variance 3.62
Lagged Price Variance 1.32

UBS ETRACS Lagged Returns

 Regressed Prices 
      Timeline 

UBS ETRACS Performance vs DOW

The median price of UBS ETRACS for the period between Sun, Jan 21, 2018 and Tue, Feb 20, 2018 is 27.76 with a coefficient of variation of 11.2. The daily time series for the period is distributed with a sample standard deviation of 3.04, arithmetic mean of 27.14, and mean deviation of 2.57. The Etf did not receive any noticable media coverage during the period.
Price Growth (%)  
      Timeline