iPath Pure Backtesting

iPath Pure Beta Crude Oil ETN -- USA Etf  

USD 18.18  0.36  1.92%

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
 Time Horizon     30 Days    Login   to change

iPath Pure 'What if' Analysis

February 16, 2018
No Change 0.00  0.0%
In 30 days
March 18, 2018
If you would invest  0.00  in iPath Pure on February 16, 2018 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, PowerShares DB, United States, ProShares UltraShort, and VelocityShares 3x. 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

Macroaxis considers iPath Pure not very risky given 1 month investment horizon. iPath Pure Beta shows Sharpe Ratio of 0.1307 which attests that iPath Pure Beta had 0.1307% 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 utilize iPath Pure Beta Market Risk Adjusted Performance of 0.075 and Mean Deviation of 1.35 to validate if our risk estimates are consistent with your expectations. The entity maintains market beta of -1.0262 which attests that . Although it is vital to follow to iPath Pure Beta historical price patterns, it is good to be conservative about what you can actually do with the information regarding 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 0.2566% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.60) 

Good reverse predictability

iPath Pure Beta Crude Oil ETN has good reverse predictability. Overlapping area represents the amount of predictability between iPath Pure time series from February 16, 2018 to March 3, 2018 and March 3, 2018 to March 18, 2018. 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 -0.6 indicates that roughly 60.0% 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 -0.6
Spearman Rank Test 0.57
Price Variance 0.02
Lagged Price Variance 0.18

iPath Pure Lagged Returns

 Regressed Prices 

iPath Pure Performance vs DOW

The median price of iPath Pure for the period between Fri, Feb 16, 2018 and Sun, Mar 18, 2018 is 18.4132 with a coefficient of variation of 2.15. The daily time series for the period is distributed with a sample standard deviation of 0.39, arithmetic mean of 18.31, and mean deviation of 0.31. The Etf received some media coverage during the period.
 Price Growth (%)  
iPath Pure Beta Crude Oil ETN Rises 0.11 percent for Mar 1303/13/2018