DBXT SP (Italy) Backtesting

DBXT SP 500 2x Inverse Daily ETF 1C -- Italy ETF  

EUR 1.67  0.0012  0.0718%

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

February 24, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
April 25, 2018
0.00
If you would invest  0.00  in DBXT SP on February 24, 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 60 days. DBXT SP is related to or competes with Unilever N, LVMH Mot, TOTAL S, Netflix, Siemens Aktiengesellscha, Sanofi, and BANCO SANTANDER. 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 Ratio0.012164
Maximum Drawdown9.49
Value At Risk2.67
Potential Upside2.9
  

DBXT SP Market Premium Indicators

Risk Adjusted Performance0.050729
Jensen Alpha0.070341
Total Risk Alpha0.01639
Treynor Ratio3.29

DBXT SP 500 Backtested Returns

We consider DBXT SP extremely risky. DBXT SP 500 secures Sharpe Ratio (or Efficiency) of 0.0809 which denotes DBXT SP 500 had 0.0809% of return per unit of volatility over the last 2 months. Our way of predicting volatility of a etf is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for DBXT SP 500 2x Inverse Daily ETF 1C which you can use to evaluate future volatility of the entity. Please confirm DBXT SP 500 Market Risk Adjusted Performance of 3.3 and Mean Deviation of 1.34 to check if risk estimate we provide are consistent with the epected return of 0.1651%. The entity shows Beta (market volatility) of -0.0211 which denotes to the fact that as returns on market increase, returns on owning DBXT SP are expected to decrease at a much smaller rate. During bear market, DBXT SP is likely to outperform the market.. Although it is extremely important to respect DBXT SP 500 historical returns, it is better to be realistic regarding the information on equity current trending patterns. The way of predicting 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. By examining DBXT SP 500 technical indicators you can today evaluate if the expected return of 0.1651% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.06) 

Very weak reverse predictability

DBXT SP 500 2x Inverse Daily ETF 1C has very weak reverse predictability. Overlapping area represents the amount of predictability between DBXT SP time series from February 24, 2018 to March 26, 2018 and March 26, 2018 to April 25, 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 -0.06 indicates that barely 6.0% 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 -0.06
Spearman Rank Test -0.26
Average Price 1.68
Lagged Average Price 1.61

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 

Current Sentiment - XT21

DBXT SP 500 Investor Sentiment
Macroaxis portfolio users are unemotional in their outlook on investing in DBXT SP 500 2x Inverse Daily ETF 1C. What is your opinion about investing in DBXT SP 500 2x Inverse Daily ETF 1C? Are you bullish or bearish?
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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 Portfolio Manager module to state of the art portfolio manager to monitor and improve performance of your invested capital.