|DB Crude Oil Double Short ETN -- USA Etf|| |
USD 78.2 0.99 1.25%
The entity owns Beta (Systematic Risk) of -0.267 which denotes to the fact that as returns on market increase, returns on owning DB Crude are expected to decrease at a much smaller rate. During bear market, DB Crude is likely to outperform the market.. Even though it is essential to pay attention to DB Crude Oil
existing price patterns
, it is always good to be careful when utilizing equity price patterns
. Macroaxis way in which we are 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
. DB Crude exposes twenty-one different technical indicators which can help you to evaluate its performance.
DB Crude Oil Relative Risk vs. Return Landscape
If you would invest 9,484
in DB Crude Oil Double Short ETN on December 22, 2017
and sell it today you would lose (1,565)
from holding DB Crude Oil Double Short ETN or give up 16.5%
of portfolio value over 30
days. DB Crude Oil Double Short ETN is generating negative expected returns assuming volatility of 1.915% on return distribution over 30 days investment horizon. In other words, 17% of equities are less volatile than the company and above 99% of equities are expected to generate higher returns over the next 30 days.
Daily Expected Return (%)
Considering 30-days investment horizon, DB Crude Oil Double Short ETN is expected to under-perform the market. In addition to that, the company is 4.2 times more volatile than its market benchmark. It trades about -0.48 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.6 per unit of volatility.
DB Crude Realized Returns
DB Crude Daily Price Distribution
The median price of DB Crude for the period between Fri, Dec 22, 2017 and Sun, Jan 21, 2018 is 85.7 with a coefficient of variation of 7.63. The daily time series for the period is distributed with a sample standard deviation of 6.6, arithmetic mean of 86.51, and mean deviation of 5.76. The Etf did not receive any noticable media coverage during the period.