|Horizon||30 Days Login to change|
iPath Pure Market Sensitivity
|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.One Month Beta |Analyze iPath Pure Beta Demand TrendCheck current 30 days iPath Pure correlation with market (DOW)|
β = -0.2127
iPath Pure Beta Technical Analysis
iPath Pure Projected Return Density Against MarketConsidering 30-days investment horizon, iPath Pure Beta Broad Commodity ETN has beta of -0.2127 . This suggests as returns on benchmark increase, returns on holding iPath Pure are expected to decrease at a much smaller rate. During bear market, however, iPath Pure Beta Broad Commodity ETN is likely to outperform the market. Moreover, iPath Pure Beta Broad Commodity ETN has an alpha of 0.0842 implying that it can potentially generate 0.0842% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
iPath Pure Return VolatilityiPath Pure Beta Broad Commodity ETN has volatility of 0.577% on return distribution over 30 days investment horizon. DOW inherits 0.4495% risk (volatility on return distribution) over the 30 days horizon.