Even though this tracks well through the big ups and downs of 2007, lately the model sees a divergence. And it is confirmed by the relative performance of OIL and the oil futures over the same period:
Not sure what gives. This seems to be affecting all the oil ETF. How about DBO:
The model tracks incredibly well the first 700 trading days, but since then, we see the same divergence. In terms of relative performance, DBO does better than all the other ETFs.
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