iPath Pure Backtesting

iPath Pure Beta Crude Oil ETN -- USA Etf  

USD 16.73  0.26  1.58%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of iPath Pure Beta Crude Oil ETN and determine expected loss or profit from investing in iPath Pure over given investment horizon. Additionally take a look at iPath Pure Hype Analysis, iPath Pure Correlation, Portfolio Optimization, iPath Pure Volatility as well as analyze iPath Pure Alpha and Beta and iPath Pure Performance
Investment Horizon     30 Days    Login   to change

iPath Pure 'What if' Analysis

November 15, 2017
No Change 0.00  0.0%
In 31 days
December 15, 2017
If you would invest  0.00  in iPath Pure on November 15, 2017 and sell it all today you would earn a total of 0.00 from holding iPath Pure Beta Crude Oil ETN or generate 0.0% return on investment in iPath Pure over 30 days. iPath Pure is related to or competes with United States, iPath SP, United States, PowerShares DB, PowerShares DB, and United States. The investment seeks to provide investors with exposure to the Barclays WTI Crude Oil Pure Beta Total Return Index

iPath Pure Upside/Downside Indicators


iPath Pure Market Premium Indicators

iPath Pure Beta lagged returns against current returns

 Current and Lagged Values 

iPath Pure regressed lagged prices vs. current prices

 Current vs Lagged Prices 

iPath Pure Beta Backtested Returns

We consider iPath Pure not too volatile. iPath Pure Beta shows Sharpe Ratio of 0.0747 which attests that iPath Pure Beta had 0.0747% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a etf is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for iPath Pure Beta which you can use to evaluate future volatility of the etf. Please check out iPath Pure Beta Market Risk Adjusted Performance of (0.4) and Mean Deviation of 0.8739 to validate if risk estimate we provide are consistent with the epected return of 0.0942%. The entity maintains market beta of 0.1513 which attests that as returns on market increase, iPath Pure returns are expected to increase less than the market. However during bear market, the loss on holding iPath Pure will be expected to be smaller as well.. Although it is extremely important to respect iPath Pure Beta historical price patterns, it is better to be realistic regarding the information on equity current price history. The philosophy towards determining 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 iPath Pure Beta technical indicators you can presently evaluate if the expected return of 0.0942% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.92) 

Near perfect reversele predictability

iPath Pure Beta Crude Oil ETN has near perfect reversele predictability. Overlapping area represents the amount of predictability between iPath Pure time series from November 15, 2017 to November 30, 2017 and November 30, 2017 to December 15, 2017. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of iPath Pure Beta price movement. The serial correlation of -0.92 indicates that approximately 92.0% of current iPath Pure price fluctuation can be explain by its past prices. Given that iPath Pure Beta Crude Oil ETN has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of iPath Pure for similar time interval.
Correlation Coefficient -0.92
Spearman Rank Test -0.09
Price Variance 0.06
Lagged Price Variance 0.07

iPath Pure Lagged Returns

 Regressed Prices 

iPath Pure Performance vs DOW

The median price of iPath Pure for the period between Wed, Nov 15, 2017 and Fri, Dec 15, 2017 is 16.84 with a coefficient of variation of 1.57. The daily time series for the period is distributed with a sample standard deviation of 0.26, arithmetic mean of 16.77, and mean deviation of 0.23. The Etf did not receive any noticable media coverage during the period.
Price Growth (%)