|DB Crude Oil Double Short ETN -- USA Etf|| |
USD 81.05 0.60 0.73%
The entity owns Beta (Systematic Risk) of -0.8308 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.. Although it is extremely important to respect DB Crude Oil
existing price patterns
, it is better to be realistic regarding the information on equity price patterns
. The way in which we are 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 DB Crude Oil technical indicators
you can at this moment evaluate if the expected return of 0.1438% will be sustainable into the future.
DB Crude Oil Relative Risk vs. Return Landscape
If you would invest 7,978
in DB Crude Oil Double Short ETN on January 21, 2018
and sell it today you would earn a total of 186.60
from holding DB Crude Oil Double Short ETN or generate 2.34%
return on investment over 30
days. DB Crude Oil Double Short ETN is generating 0.1438% of daily returns assuming volatility of 2.6636% on return distribution over 30 days investment horizon. In other words, 24% of equities are less volatile than the company and above 98% 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 generate 1.53 times more return on investment than the market. However, the company is 1.53 times more volatile than its market benchmark. It trades about 0.05 of its potential returns per unit of risk. The DOW is currently generating roughly -0.1 per unit of risk.
DB Crude Realized Returns
DB Crude Daily Price Distribution
The median price of DB Crude for the period between Sun, Jan 21, 2018 and Tue, Feb 20, 2018 is 79.3484 with a coefficient of variation of 5.36. The daily time series for the period is distributed with a sample standard deviation of 4.28, arithmetic mean of 79.87, and mean deviation of 3.46. The Etf received some media coverage during the period.