This module allows you to analyze existing cross correlation between DOW and iPath Pure Beta Broad Commodity ETN. You can compare the effects of market volatilities on DOW and iPath Pure and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in DOW with a short position of iPath Pure. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and iPath Pure.
|Time Horizon||30 Days Login to change|
DOW vs. iPath Pure Beta Broad Commodit
Given the investment horizon of 30 days, DOW is expected to under-perform the iPath Pure. In addition to that, DOW is 2.01 times more volatile than iPath Pure Beta Broad Commodity ETN. It trades about -0.01 of its total potential returns per unit of risk. iPath Pure Beta Broad Commodity ETN is currently generating about 0.16 per unit of volatility. If you would invest 2,943 in iPath Pure Beta Broad Commodity ETN on March 20, 2018 and sell it today you would earn a total of 135.48 from holding iPath Pure Beta Broad Commodity ETN or generate 4.6% return on investment over 30 days.