Macroaxis considers DB Crude to be not too volatile. DB Crude Oil retains Efficiency (Sharpe Ratio) of -0.1355 which denotes DB Crude Oil had -0.1355% of return per unit of price deviation over the last 2 months. 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-eight 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 2.99 and Market Risk Adjusted Performance of 14.5 to check risk estimate we provide.
|Time Horizon||30 Days Login to change|
DB Crude Market Sensitivity
|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.2 Months Beta |Analyze DB Crude Oil Demand TrendCheck current 30 days DB Crude correlation with market (DOW)|
β = -0.0365
DB Crude Oil Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, DB Crude Oil Double Short ETN has beta of -0.0365 suggesting as returns on benchmark increase, returns on holding DB Crude are expected to decrease at a much smaller rate. During bear market, however, DB Crude Oil Double Short ETN is likely to outperform the market. 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
Predicted Return Density