Correlation Analysis Between ETFS Bloomberg and PowerShares DB

This module allows you to analyze existing cross correlation between ETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr and PowerShares DB Commodity Tracking ETF. You can compare the effects of market volatilities on ETFS Bloomberg and PowerShares DB and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in ETFS Bloomberg with a short position of PowerShares DB. See also your portfolio center. Please also check ongoing floating volatility patterns of ETFS Bloomberg and PowerShares DB.
 Time Horizon     30 Days    Login   to change
Symbolsvs

ETFS Bloomberg All CmdtyLngrDt  vs.  PowerShares DB Commodity Track

 Performance (%) 
      Timeline 

Pair Volatility

Considering 30-days investment horizon, ETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr is expected to generate 0.54 times more return on investment than PowerShares DB. However, ETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr is 1.85 times less risky than PowerShares DB. It trades about -0.38 of its potential returns per unit of risk. PowerShares DB Commodity Tracking ETF is currently generating about -0.28 per unit of risk. If you would invest  2,737  in ETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr on May 18, 2018 and sell it today you would lose (82.00)  from holding ETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr or give up 3.0% of portfolio value over 30 days.

Pair Corralation between ETFS Bloomberg and PowerShares DB

0.51
Time Period1 Month [change]
DirectionPositive 
StrengthWeak
Accuracy85.0%
ValuesDaily Returns

Diversification

Very weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding ETFS Bloomberg All CmdtyLngrDt and PowerShares DB Commodity Track in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on PowerShares DB Commo and ETFS Bloomberg is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on ETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr are associated (or correlated) with PowerShares DB. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of PowerShares DB Commo has no effect on the direction of ETFS Bloomberg i.e. ETFS Bloomberg and PowerShares DB go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
ETFS Bloomberg All  
0 

Risk-Adjusted Performance

Over the last 30 days ETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr has generated negative risk-adjusted returns adding no value to investors with long positions.
PowerShares DB Commo  
0 

Risk-Adjusted Performance

Over the last 30 days PowerShares DB Commodity Tracking ETF has generated negative risk-adjusted returns adding no value to investors with long positions.

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1152.26

Thematic Opportunities

Explore Investment Opportunities
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.