UBS ETRACS Backtesting

WTIU -- USA Etf  

USD 37.64  1.06  2.91%

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.
Horizon     30 Days    Login   to change
SymbolX
Backtest

UBS ETRACS 'What if' Analysis

August 22, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 21, 2018
0.00
If you would invest  0.00  in UBS ETRACS on August 22, 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 VelocityShares, DB Agriculture, DB Base, Vanguard Consumer, JPMorgan Chase, and Alcoa. 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

Downside Deviation3.25
Information Ratio0.04627
Maximum Drawdown14.64
Value At Risk4.11
Potential Upside4.28
  

UBS ETRACS Market Premium Indicators

Risk Adjusted Performance0.0131
Jensen Alpha0.08
Total Risk Alpha1.12
Sortino Ratio0.044481
Treynor Ratio0.0345

UBS ETRACS ProShares Backtested Returns

Macroaxis considers UBS ETRACS not very risky given 1 month investment horizon. UBS ETRACS ProShares owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.1687 which indicates UBS ETRACS ProShares had 0.1687% of return per unit of standard deviation over the last 1 month. Our approach into measuring volatility of an etf is to use all available market data together with etf specific technical indicators that cannot be diversified away. By examining UBS ETRACS ProShares technical indicators you can now evaluate if the expected return of 0.6354% is justified by implied risk. Please operate UBS ETRACS Risk Adjusted Performance of 0.0131, Market Risk Adjusted Performance of 0.0445 and Downside Deviation of 3.25 to confirm if our risk estimates are consistent with your expectations. The entity has beta of 0.6204 which indicates as returns on market increase, UBS ETRACS returns are expected to increase less than the market. However during bear market, the loss on holding UBS ETRACS will be expected to be smaller as well.. Although it is vital to follow to UBS ETRACS ProShares current price movements, it is good to be conservative about what you can actually do with the information regarding equity historical returns. The approach into measuring future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. We have found twenty-one technical indicators for UBS ETRACS ProShares Dly 3x Lng Crud ETN which you can use to evaluate performance of the entity.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.06 

Virtually no predictability

UBS ETRACS ProShares Dly 3x Lng Crud ETN has virtually no predictability. Overlapping area represents the amount of predictability between UBS ETRACS time series from August 22, 2018 to September 6, 2018 and September 6, 2018 to September 21, 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 0.06 indicates that barely 6.0% of current UBS ETRACS price fluctuation can be explain by its past prices.
Correlation Coefficient0.06
Spearman Rank Test0.29
Residual Average0.0
Price Variance2.94

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 

Did you try this?

Run Financial Widgets Now

   

Financial Widgets

Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
All  Next Launch Financial Widgets

Also Currentnly Active

Purchased a lot of shares of
3 hours ago
Traded for 156.0
Purchased a lot of shares of
3 hours ago
Traded for 156.0
Purchased over 300 shares of
3 hours ago
Traded for 9.81
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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Search macroaxis.com