|DB Crude Oil Double Short ETN -- USA Etf|| |
USD 100 1.6 1.63%
The entity owns Beta (Systematic Risk) of 0.4735 which denotes to the fact that as returns on market increase, DB Crude returns are expected to increase less than the market. However during bear market, the loss on holding DB Crude will be expected to be smaller as well.. 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 0.0782% will be sustainable into the future.
DB Crude Oil Relative Risk vs. Return Landscape
If you would invest 9,897
in DB Crude Oil Double Short ETN on November 13, 2017
and sell it today you would earn a total of 103
from holding DB Crude Oil Double Short ETN or generate 1.04%
return on investment over 30
days. DB Crude Oil Double Short ETN is generating 0.0782% of daily returns assuming volatility of 2.5593% on return distribution over 30 days investment horizon. In other words, 23% 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 generate 2.6 times less return on investment than the market. In addition to that, the company is 5.16 times more volatile than its market benchmark. It trades about 0.03 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.41 per unit of volatility.
DB Crude Realized Returns
DB Crude Daily Price Distribution
The median price of DB Crude for the period between Mon, Nov 13, 2017 and Wed, Dec 13, 2017 is 98.4 with a coefficient of variation of 3.31. The daily time series for the period is distributed with a sample standard deviation of 3.26, arithmetic mean of 98.55, and mean deviation of 2.55. The Etf did not receive any noticable media coverage during the period.