iPath Pure Performance

iPath Pure Beta Broad Commodity ETN -- USA Etf  

USD 29.7  0.0801  0.27%

The entity maintains market beta of -0.3343 which attests that as returns on market increase, returns on owning iPath Pure are expected to decrease at a much smaller rate. During bear market, iPath Pure is likely to outperform the market.. 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 0.1324% will be sustainable into the future.
 Time Horizon     30 Days    Login   to change

iPath Pure Beta Relative Risk vs. Return Landscape

If you would invest  2,896  in iPath Pure Beta Broad Commodity ETN on December 24, 2017 and sell it today you would earn a total of  73.52  from holding iPath Pure Beta Broad Commodity ETN or generate 2.54% return on investment over 30 days. iPath Pure Beta Broad Commodity ETN is generating 0.1324% of daily returns assuming volatility of 0.2822% on return distribution over 30 days investment horizon. In other words, 2% of equities are less volatile than the company and above 98% of equities are expected to generate higher returns over the next 30 days.
 Daily Expected Return (%) 
      Risk (%) 
Considering 30-days investment horizon, iPath Pure Beta Broad Commodity ETN is expected to generate 2.2 times less return on investment than the market. But when comparing it to its historical volatility, the company is 1.64 times less risky than the market. It trades about 0.47 of its potential returns per unit of risk. The DOW is currently generating roughly 0.63 of returns per unit of risk over similar time horizon.

iPath Pure Realized Returns

iPath Pure Daily Price Distribution

The median price of iPath Pure for the period between Sun, Dec 24, 2017 and Tue, Jan 23, 2018 is 29.3701 with a coefficient of variation of 1.58. The daily time series for the period is distributed with a sample standard deviation of 0.46, arithmetic mean of 29.22, and mean deviation of 0.36. The Etf received some media coverage during the period.
30 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in iPath Pure Beta Broad Commodity ETN are ranked lower than 30 (%) of all global equities and portfolios over the last 30 days.

One Month Efficiency

iPath Pure Sharpe Ratio = 0.4691
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Estimated Market Risk

 0.28
  actual daily
 
 98 %
of total potential
  

Expected Return

 0.13
  actual daily
 
 2 %
of total potential
  

Risk-Adjusted Return

 0.47
  actual daily
 
 30 %
of total potential
  
Based on monthly moving average iPath Pure is performing at about 30% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of iPath Pure by adding it to a well-diversified portfolio.