DBXT SP (Italy) Backtesting

XT21 -- Italy ETF  

EUR 1.57  0.0026  0.17%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of DBXT SP 500 2x Inverse Daily ETF 1C and determine expected loss or profit from investing in DBXT SP over given investment horizon. See also DBXT SP Hype Analysis, DBXT SP Correlation, Portfolio Optimization, DBXT SP Volatility as well as analyze DBXT SP Alpha and Beta and DBXT SP Performance.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

DBXT SP 'What if' Analysis

June 15, 2018
0.00
No Change 0.00  0.0%
In 31 days
July 15, 2018
0.00
If you would invest  0.00  in DBXT SP on June 15, 2018 and sell it all today you would earn a total of 0.00 from holding DBXT SP 500 2x Inverse Daily ETF 1C or generate 0.0% return on investment in DBXT SP over 30 days. DBXT SP is related to or competes with LVMH Mot, TOTAL S, Unilever N, Netflix, SAP SE, Siemens Aktiengesellscha, and SANOFI AVENTIS. The aim is for the investment to reflect the performance of the SP 500 2x Inverse Daily Index which provides two times t...

DBXT SP Upside/Downside Indicators

Information Ratio0.007483
Maximum Drawdown3.92
Value At Risk0.42
Potential Upside0.6601
  

DBXT SP Market Premium Indicators

Risk Adjusted Performance0.0797
Jensen Alpha0.105
Total Risk Alpha0.06
Treynor Ratio87.63

DBXT SP 500 Backtested Returns

Macroaxis considers DBXT SP to be extremely risky. DBXT SP 500 secures Sharpe Ratio (or Efficiency) of -0.09 which denotes DBXT SP 500 had -0.09% of return per unit of volatility over the last 1 month. Macroaxis way of predicting 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. DBXT SP 500 2x Inverse Daily ETF 1C exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm DBXT SP 500 Market Risk Adjusted Performance of 87.64 and Mean Deviation of 0.3576 to check risk estimate we provide. The entity shows Beta (market volatility) of 0.0012 which denotes to the fact that as returns on market increase, DBXT SP returns are expected to increase less than the market. However during bear market, the loss on holding DBXT SP will be expected to be smaller as well.. Even though it is essential to pay attention to DBXT SP 500 historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis way of predicting 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. DBXT SP 500 2x Inverse Daily ETF 1C exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.58) 

Good reverse predictability

DBXT SP 500 2x Inverse Daily ETF 1C has good reverse predictability. Overlapping area represents the amount of predictability between DBXT SP time series from June 15, 2018 to June 30, 2018 and June 30, 2018 to July 15, 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 DBXT SP 500 price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current DBXT SP price fluctuation can be explain by its past prices. Given that DBXT SP 500 2x Inverse Daily ETF 1C has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of DBXT SP for similar time interval.
Correlation Coefficient -0.58
Spearman Rank Test -0.73
Average Price 1.62
Lagged Average Price 1.65

DBXT SP 500 lagged returns against current returns

 Current and Lagged Values 
      Timeline 

DBXT SP regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

DBXT SP Lagged Returns

 Regressed Prices 
      Timeline 

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Analyst Recommendations

Analyst recommendations and target price estimates broken down by several categories
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See also DBXT SP Hype Analysis, DBXT SP Correlation, Portfolio Optimization, DBXT SP Volatility as well as analyze DBXT SP Alpha and Beta and DBXT SP Performance. Please also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.