Macroaxis considers DB Crude to be not too risky. DB Crude Oil retains Efficiency (Sharpe Ratio) of -0.0291 which denotes DB Crude Oil had -0.0291% of return per unit of price deviation over the last 1 month. Macroaxis way in which we are predicting risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. DB Crude exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm DB Crude Oil Double Short ETN Standard Deviation of 2.52 and Market Risk Adjusted Performance of
(0.071945) to check risk estimate we provide.
|Investment Horizon||30 Days Login to change|
DB Crude Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, DB Crude will likely underperform.One Month Beta |Analyze DB Crude Oil Demand TrendCheck current 30 days DB Crude correlation with market (DOW)|
β = 1.1666
Projected Return Density Against MarketConsidering 30-days investment horizon, the etf has beta coefficient of 1.1666 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, DB Crude will likely underperform. Additionally, DB Crude Oil Double Short ETN has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Considering 30-days investment horizon, the coefficient of variation of DB Crude is -3439.41. The daily returns are destributed with a variance of 6.68 and standard deviation of 2.58. The mean deviation of DB Crude Oil Double Short ETN is currently at 1.84. For similar time horizon, the selected benchmark (DOW) has volatility of 0.27