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.
|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