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.
|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|