We consider iPath US not too risky. iPath US Treasury
shows Sharpe Ratio of 0.2357 which attests that iPath US Treasury
had 0.2357% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of an etf is to use all available market data together with etf specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for iPath US Treasury which you can use to evaluate future volatility of the etf. Please check out iPath US Treasury Market Risk Adjusted Performance
of 0.1758 and Mean Deviation
of 0.283 to validate if risk estimate we provide are consistent with the epected return of 0.1622%. The entity maintains market beta of 0.5931 which attests that as returns on market increase, iPath US returns are expected to increase less than the market. However during bear market, the loss on holding iPath US will be expected to be smaller as well.. Although it is extremely important to respect iPath US Treasury
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 US Treasury technical indicators
you can presently evaluate if the expected return of 0.1622% will be sustainable into the future.
|15 days auto-correlation|| 0.00 |
No correlation between past and present
iPath US Treasury Steepener ETN has no correlation between past and present. Overlapping area represents the amount of predictability between iPath US time series from August 26, 2018 to September 10, 2018 and September 10, 2018 to September 25, 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 US Treasury price movement. The serial correlation of 0.0 indicates that just 0.0% of current iPath US price fluctuation can be explain by its past prices.
|Spearman Rank Test||1.0|